Month: March 2023

Ford Motor Co. said it is creating a wholly owned subsidiary named Latitude AI to research and develop automated driving technologies. Latitude’s formation underscores the company’s focus on automated technologies that support human drivers in personally owned vehicles. But the company has its roots in self-driving technology: Its 550-person staff will largely be comprised of
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In this article F Follow your favorite stocksCREATE FREE ACCOUNT Ford Motor Co., CEO Jim Farley gives the thumbs up sign before announcing Ford Motor will partner with Chinese-based, Amperex Technology, to build an all-electric vehicle battery plant in Marshall, Michigan, during a press conference in Romulus, Michigan February 13, 2023. Rebecca Cook | Reuters
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Volkswagen Group will build its Scout Motors assembly plant in South Carolina. The plant will produce electric-powered pickups and SUVs. It will be Volkswagen’s second U.S. assembly factory along with its existing operations in Chattanooga. Production is expected to begin in 2026. More than 200,000 vehicles could be produced annually at the facility Scout Motors
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12:56 PM ET SAKHIR, Bahrain — Lewis Hamilton fears Mercedes will be a long way off the pace of its rivals at this weekend’s Bahrain Grand Prix after he finished Friday practice eighth fastest. Fernando Alonso set the pace during Friday’s evening session in Bahrain, with Hamilton’s best effort 0.636s slower than the Aston Martin
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Electric vehicle battery startup Our Next Energy will supply its new energy storage products to a $500 million Berkshire Hathaway Energy solar-powered manufacturing hub in West Virginia. It will also open a factory to build the systems at the industrial complex. BHE Renewables selected the Novi, Mich., battery company to help supply power to the
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Mercedes-Benz’s China unit is tapping China’s largest battery maker, CATL, and two major battery material recyclers – GEM Co. and Brunp Recycling Co. — to recycle retired batteries used in electrified vehicles.  The four companies will form a so-called closed-loop battery recycling project, according to a memorandum of understanding signed Monday, GEM and Brunp said
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Volkswagen Group expects strong increases in vehicle sales and revenue this year as the automaker benefits from full order books and better access to semiconductors. Revenue is forecast to grow by 10 percent to 15 percent, indicating 2023 revenue of 307 billion euros  to 331 billion euros. Global deliveries are expected to rise 14 percent
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7:51 PM ET ESPN News Services NASCAR superstar Chase Elliott had successful surgery for an unspecified injury to his left leg Friday night, hours after a snowboarding accident in Colorado. He will miss this weekend’s NASCAR race at Las Vegas. Team owner Rick Hendrick told The Associated Press on Friday night that Elliott was “just
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WASHINGTON — Toyota Motor Corp. is recalling about 144,000 Tundra full-size pickups in North America because the tonneau covers might detach from the vehicle while driving. The recall affects certain 2022-23 Tundra pickups equipped with optional Toyota-genuine tonneau covers. Toyota said about 130,000 of the vehicles are in the U.S. “A tonneau cover that detaches
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After the long winter break, the Formula One World Championship returns this weekend with the Bahrain Grand Prix, which as usual will be run at the Bahrain International Circuit. The 2023 season doesn’t bring much in the way of new car designs, after last season’s complete redesign, but there’s a new race in Las Vegas
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7:42 AM ET Formula One champions Red Bull could be racing against themselves in Bahrain this weekend judging by preseason testing, according to Mercedes’ George Russell. Red Bull’s double world champion Max Verstappen and Mexican teammate Sergio Perez have been sounding confident after their new car was quickest at the Sakhir circuit last week. Editor’s
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DETROIT — Ford Motor Co. on Friday said it was studying ways to boost output of gasoline-powered and hybrid F-150 trucks at a Michigan factory as part of a broader plan to boost production of several models. The No. 2 U.S. automaker also said it is increasing production by more than 80,000 vehicles for its
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