U.S. Energy Department Finalizes Loan for GM Battery Venture
The U.S. Energy Department finalized a $2.5 billion loan to a joint venture of General Motors Co. and LG Energy Solution for three lithium-ion battery cell manufacturing facilities. IMAGE: Getty…
Stellantis Reports 6th Quarter of Sales Declines
In the fourth quarter, Stellantis reported new vehicle sales declined 16% to 347,669 vehicles. IMAGE: Stellantis Stellantis has reported that in the fourth quarter, new vehicle sales declined 16% to…
Ford Reports 2% Decline in Sales for 2022
The Detroit automaker sold 1.86 million vehicles in 2022, down from 1.91 million in 2021. IMAGE: Ford Ford Motor Co. reported U.S. sales declined 2% in 2022. The automaker shared…
U.S. EV Sales Spiked in 2022
U.S. electric vehicle purchases climbed to 5.8% of all vehicles sold in 2022, up from 3.2% in 2021, according to Motor Intelligence. IMAGE: Getty Images U.S. electric vehicle purchases climbed…
GM Asks Treasury to Classify its Cadillac Lyriq as an SUV
Without an SUV classification, the Cadillac Lyriq exceeds the price threshold for federal tax credits for EVs. IMAGE: Cadillac Currently, GM’s electric Cadillac Lyriq does not qualify for federal tax…
GM, Ford in Electric Grid-Backing Partnership
Partnership host says growing VPP market means revenue for the automotive industry and others. IMAGE: Getty Images/24K-Production Two big automakers and Google have partnered with solar power companies to scale…