BMW Group made a huge announcement, saying that it will invest more than $200 million to build a 219,000-square-foot press shop at its plant in South Carolina. The investment by BMW is a huge boost to South Carolina's economy as it would help create more than 200 new jobs. more
Russian President Vladimir Putin's decision to inflict violence in Ukraine has impacted the auto industry in particular, with Volkswagen the latest carmaker to suspend its operations in Russia. more
Wall Street rejoiced with Ford Motor's decision to internally separate its EV and legacy businesses, with the carmaker's stock recording its fifth-highest daily gain in the past year. Analysts are voicing doubts, however, about the company's new EV and profit margin targets. more
Rivian Automotive Inc has decided to roll back price hikes on its electric vehicles that were booked before March 1 after facing intense backlash from customers following a 20 percent increase in prices. more
Ford struggled once again with its vehicle sales in the United States last month, reporting just 123,350 units sold in February 2022. That is a 20.9 percent drop compared to its sales numbers during the same period last year. more
Ford Motor made a stunning announcement on Wednesday, March 2, saying it will reorganize the company's operations to separate its internal combustion engine and electric businesses into two different units. 'Ford Blue' will be for its legacy autos while 'Ford Model e' will be for its EV business. more
Hyundai Motor Company is ramping up its electrification strategy, with the South Korean automaker planning to spend $16.1 billion (19.4 trillion won) and targeting annual sales of 1.87 million EVs by 2030. more
Tesla has made charging electric vehicles free for people trying to flee Ukraine due to Russia's deadly invasion. Tesla announced that it would waive the fee for Supercharging in several countries around war-torn Ukraine. more
More carmakers are feeling the effects of Russia's deadly invasion of Ukraine, with German auto giants Volkswagen, Porsche, and BMW struggling to get wire harnesses from their suppliers in the region. more
Things are going from bad to worse for Volkswagen Group as the cargo ship carrying nearly 4,000 of its vehicles, including cars from its Porsche, Lamborghini and Bentley brands, sank in the middle of the Atlantic Ocean as it was being towed back to safety. more
Stellantis boss Carlos Tavares claimed during Jeep's 2021 earnings presentation that electrification will amplify the brand's core attributes. Jeep is well on its way towards achieving that goal, with the automaker revealing on Tuesday, March 1, the design of its first fully-electric model. more
Kia America had a strong showing in the United States in February 2022, selling 49,182 vehicles last month. Powering Kia's surge in sales in America is the company's all-new Kia EV6 model. more
The world's most expensive Porsche 928 GTS is coming back home to the United States after spending some time in France. The returning Porsche holds a special value as this was the final 928 GTS to roll off the company's production line sold to the public. more
On Tuesday, March 1, Ford announced that it has decided to suspend its joint venture operations in Russia following President Vladimir Putin's invasion of Ukraine. more
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