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Automotive

Stellantis and Samsung SDI Plan to Build Second US EV Battery Plant, Production Targeted for 2027
Jul 24, 2023 Ξ

Stellantis and Samsung SDI Plan to Build Second US EV Battery Plant, Production Targeted for 2027

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Stellantis, the French-Italian automaker (Chrysler, Dodge, Jeep, RAM, Fiat, Maserati, Alfa Romeo), and Samsung SDI, a South Korean battery maker, have revealed plans to establish a second joint-venture plant in  Full Article »

Automotive

New Mercedes-Benz EQE EV Loaner Car Catches Fire and Destroys Home in Florida
Jul 21, 2023 Ξ

New Mercedes-Benz EQE EV Loaner Car Catches Fire and Destroys Home in Florida

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Local to our Automotive Addicts hometown in Jacksonville, FL, a family is regrouping as they have potentially lost their home to a fire allegedly caused by a new Mercedes-Benz EQE  Full Article »

Automotive

Tesla Could Cut Prices Again by Tapping into Biden Tax Credits
Jul 21, 2023 Ξ

Tesla Could Cut Prices Again by Tapping into Biden Tax Credits

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Tesla CEO Elon Musk is considering another round of price cuts for electric vehicles in response to economic uncertainty. He believes it is reasonable to prioritize higher vehicle production over  Full Article »

Automotive

New U.S. Incentives Sparks EV Battery Recycling Initiatives
Jul 21, 2023 Ξ

New U.S. Incentives Sparks EV Battery Recycling Initiatives

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A relatively obscure clause buried within the U.S. Inflation Reduction Act is rapidly transforming the landscape of electric vehicle (EV) battery recycling in North America. With the clause in effect,  Full Article »

Automotive

US Transportation Chief Raises Concerns over Chinese Autonomous Vehicle Technology
Jul 20, 2023 Ξ

US Transportation Chief Raises Concerns over Chinese Autonomous Vehicle Technology

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U.S. Transportation Secretary Pete Buttigieg recently expressed national security concerns regarding the presence of Chinese autonomous vehicle technology within the American market. In an interview with Reuters, he emphasized that  Full Article »

Automotive

Magna to Invest $790 Million to Build 3 New Facilities for Vehicle & EV Battery Components
Jul 20, 2023 Ξ

Magna to Invest $790 Million to Build 3 New Facilities for Vehicle & EV Battery Components

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Magna International Inc, a prominent Canadian auto parts manufacturer, has announced a substantial investment of $790 million to construct three new facilities dedicated to vehicle and electric vehicle (EV) battery  Full Article »

Automotive

Bugatti Chiron Successor Soon to be Revealed, Production to Start in 2026
Jul 20, 2023 Ξ

Bugatti Chiron Successor Soon to be Revealed, Production to Start in 2026

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Bugatti enthusiasts have reason to rejoice as the highly anticipated successor to the Bugatti Chiron is nearing its debut. Former design director Achim Anscheidt confirmed that the car’s development is  Full Article »

Automotive

Auto Loan Rejection Rate Hits All-Time High
Jul 20, 2023 Ξ

Auto Loan Rejection Rate Hits All-Time High

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The rate of auto loan rejections has reached an unprecedented peak, hitting an all-time high in June. According to a recent Federal Reserve study, the 12-month rejection rate for auto  Full Article »

Automotive

Tesla Reveals More Cybertruck Information Including 6+ Foot Bed & Testing Photos
Jul 20, 2023 Ξ

Tesla Reveals More Cybertruck Information Including 6+ Foot Bed & Testing Photos

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During a Q2 2023 Earnings Call, Tesla disclosed that it is currently constructing release candidate Cybertruck units at its Texas Gigafactory. These units are undergoing extensive testing worldwide to achieve  Full Article »

Automotive

Elon Musk Sacrifices Margins now and Bets on Tesla’s Self-Driving Tech Noting “major OEM” Interest
Jul 20, 2023 Ξ

Elon Musk Sacrifices Margins now and Bets on Tesla’s Self-Driving Tech Noting “major OEM” Interest

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In recent news, Tesla CEO Elon Musk revealed that a “major OEM” has expressed interest in licensing Tesla’s software and hardware for vehicle autonomy. While the automaker’s name was not  Full Article »

Automotive

Tesla Q2 Net Income Increases 20%, Profit Margins Fall
Jul 19, 2023 Ξ

Tesla Q2 Net Income Increases 20%, Profit Margins Fall

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In the second quarter of the year, Tesla has experienced a 20% increase in net income, reaching $2.7 billion compared to the same period in the previous year. The rise  Full Article »

Automotive

Carvana Gets Lifeline with Deal to Cut Debt by Over $1 Billion, Stock Surges
Jul 19, 2023 Ξ

Carvana Gets Lifeline with Deal to Cut Debt by Over $1 Billion, Stock Surges

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Carvana, the troubled used-car retailer, has received a lifeline with a deal that has sent its shares soaring by as much as 36% during morning trading. The agreement, struck with  Full Article »

Automotive

Nissan to Adopt Tesla North American Charging Standard (NACS) in 2025 for US and Canada
Jul 19, 2023 Ξ

Nissan to Adopt Tesla North American Charging Standard (NACS) in 2025 for US and Canada

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Marking a significant step towards enhancing electric vehicle (EV) charging infrastructure, Nissan has announced a pioneering partnership with Tesla. The automaker has reached an agreement to adopt the North American  Full Article »

Automotive

Rumor Mill: Nissan Skyline Could be Back as An Electric SUV
Jul 18, 2023 Ξ

Rumor Mill: Nissan Skyline Could be Back as An Electric SUV

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The automotive world is abuzz with speculation as rumors circulate about the iconic Nissan Skyline making a comeback in an unexpected form: an electric SUV. Dating back to 1957, the  Full Article »

Automotive

Stellantis Secures $11 Billion in Contracts Through 2030 for Vital Semiconductor Chips
Jul 18, 2023 Ξ

Stellantis Secures $11 Billion in Contracts Through 2030 for Vital Semiconductor Chips

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Stellantis has taken proactive measures to ensure a stable supply of crucial semiconductor chips for its electric vehicles (EVs) and high-performance computing functions. In response to the industry-wide semiconductor shortage  Full Article »

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