Latest Automobile parts manufacturing News

Electric vehicle battery-related plant announced in Kentucky

Aug. 08, 2022 04:11 AM EDT

FRANKFORT, Ky. (AP) — Lotte Aluminium Materials USA plans an aluminum foil manufacturing operation to serve the electric vehicle battery industry in Kentucky and is expected to create 122 full-time jobs. The company is investing $238.7 million in the plant in Hardin County, Gov....

New Kentucky plant to create 250 jobs in Hopkinsville

Aug. 02, 2022 04:01 AM EDT

FRANKFORT, Ky. (AP) — Ascend Elements Inc. will invest $310 million in a new Kentucky plant, creating 250 full-time jobs in Christian County. Ascend produces advanced, sustainable battery materials from recycled lithium-ion batteries. The plant will produce enough recycled battery...

Senate deal should make it easier to buy electric vehicles

Jul. 29, 2022 01:04 AM EDT

DETROIT (AP) — The surprise deal by Senate Democrats on a slimmed-down bill to support families, boost infrastructure and fight climate change also is likely to jump-start sales of electric vehicles. The measure agreed to by Senate Majority Leader Chuck Schumer and holdout Sen. Joe...

Stellantis earnings rise as electric vehicle sales expand

Jul. 28, 2022 06:59 AM EDT

AMSTERDAM (AP) — Automaker Stellantis on Thursday reported higher earnings in the first half of 2022 compared with last year, pointing to a nearly 50% increase in global sales of battery electric vehicles. Stellantis, which was formed last year with the merger of Fiat Chrysler and...

Volkswagen starts US electric vehicle assembly in Tennessee

Jul. 26, 2022 15:02 PM EDT

CHATTANOOGA, Tenn. (AP) — Volkswagen began production of its first electric vehicle assembled in the United States at a Tennessee plant Tuesday. In a news release, the German automaker said it plans to ramp up production in Chattanooga of the ID.4 electric compact SUV to 7,000 cars...

Energy Dept. backs $2.5B loan to GM venture for EV batteries

Jul. 26, 2022 12:51 PM EDT

WASHINGTON (AP) — A joint venture between General Motors and South Korean battery company LG Energy Solution is set to receive a $2.5 billion loan from the Energy Department to build battery cell factories for electric vehicles in three states. The Energy Department said it has...

Hobbled by chip, other shortages, GM profit slides 40% in Q2

Jul. 26, 2022 11:06 AM EDT

DETROIT (AP) — General Motors' second-quarter net income fell 40% from a year ago as computer chip and parts shortages hobbled factory output and drove the company's U.S. sales down more than 15%. The Detroit automaker earned $1.67 billion from April through June, in part because...

To preserve jobs, UAW head says battery plants must be union

Jul. 25, 2022 09:52 AM EDT

SOUTHFIELD, Mich. (AP) — If the United Auto Workers union can't organize workers at new electric-vehicle battery factories that will supply Detroit's three automakers, the union's future would be in serious doubt. Ray Curry, president of the 372,000-member UAW, says union...

Hyundai exec vows to improve company's safety track record

Jul. 22, 2022 11:52 AM EDT

DETROIT (AP) — Clogged oil ports, electrical shorts and leaks of brake fluid are only some of the safety problems that have caused multiple fires and forced Hyundai and Kia to recall millions of vehicles in the past seven years. Now, Hyundai, the larger of the two affiliated Korean...

US files another labor complaint against Mexico

Jul. 21, 2022 21:06 PM EDT

MEXICO CITY (AP) — The United States on Thursday filed its fifth labor complaint about alleged violations of union organizing rights in Mexico. The complaint was filed under the U.S.-Mexico-Canada free trade pact, which requires that Mexico enforce a law that says employees are...