Automotive Manufacturing News

Monroe Capital’s managed fund is targeted on serving to small- and medium-sized auto producers transition to electrical car manufacturing. To better compete within the EV market, the automakers plan to jointly develop lithium iron phosphate battery cathode material manufacturing expertise in South Korea. About 1.4 million EVs had been bought in the US last yr, up from 1 million the earlier 12 months. In 2023, greater than 6 per cent of new automobile sales involved electric automobiles. Called BMW TechWorks India, the three means partnership will develop automotive software for future BMW automobiles.

Armed with US$110 million in federal money, Michigan plans to install a hundred,000 public charging ports by 2030 to serve some 2 million electric autos. Jeep’s first US-bound electrical vehicle is a high-powered Wagoneer, set for a fall 2024 launch. Read automotive news 24/7, from new automobile releases and auto present protection to spy pictures and the newest trends – vehicle news from CarBuzz by no means stops.

EU member states are anticipated to vote on whether or not to slap hefty tariffs on imported electric vehicles from China on Friday, European diplomats mentioned on Monday. US automakers reported combined US third-quarter gross sales, pointing to sluggish demand as customers deal with affordability challenges and wait for decrease interest rates to achieve the automobile lending market. French President Emmanuel Macron reaffirmed his assist for EU tariffs on Chinese electrical vehicles, throughout a go to to Berlin on Wednesday.

Urban air mobility is a mode of transportation that avoids site visitors congestion by flying folks and cargo above it at low altitudes. It may sound like science fiction or one thing from the cartoon “The Jetsons,” which … You additionally promise that you have permission from anyone featured or referred to within the submitted materials to it being utilized by Bauer Consumer Media.

Buyers can not order any Jeep Grand Cherokee with a V-8 engine. Porsche’s Taycan has experienced its second major recall in recent months. The convertible model of the fourth-generation Mini Cooper arrives early in 2025. The crossover may also be provided with hybrid and traditional combustion engines. The improve in power helps propel the electric Pride to 62 miles per hour in an estimated eight.0 seconds.

The Forester has been the best-selling model for Subaru of America, however issues have modified. A Cybertruck proprietor nonetheless professes his love for the all-electric regardless of Tesla failing to fix his Cybertruck on eight separate service visits. Having stated that, the proprietor has decided Automotive News to set free his frustration after the newest failed service go to. We tested the Honda Odyssey’s newest and greatest version for 2025 and located it to be an amazing worth and fairly luxurious.