Lucid Motors Slashes roduction forecast, blaming supply chain chaos.
The maker of luxury electric cars that hopes to challenge Tesla struggled to get parts and build vehicles in the second quarter.
Climate Bill ‘Transformative’ for Auto and Energy Industries
The Senate’s proposal aims to accelerate electric car sales and promote domestic battery manufacturing at China’s expense.
Seven Key Provisions in the Climate Deal
The $369 billion climate and tax bill would affect every aspect of U.S. energy production, with incentives for producers and consumers to move away from fossil fuels.
Energy Department will lend G.M. and LG $2.5 billion to build battery factories.
The loan will help the automaker and its supplier build electric vehicle battery factories in Ohio, Tennessee and Michigan.
Tesla will spend more to increase production at two new factories.
Tesla said it expected capital expenditures to be $6 billion to $8 billion in 2022, up from an April forecast of $5 billion to $7 billion.
Tesla Profit Falls in Second Quarter
The world’s largest maker of electric cars struggled with production problems in China.
Electric Car Sales Climb Sharply Despite Shortages
A scarcity of semiconductors and raw materials held back production, but buyers remain enthusiastic.
Advanced Batteries Move From Labs to Mass Production
Makers of batteries that could charge in a few minutes are setting up assembly lines, bringing the technology a big step closer to auto showrooms.
Ford Quarterly Sales Were Up Slightly From Last Year
The automaker sold 483,688 vehicles in the United States in the second quarter.
Tesla to Cut 10% of Salaried Staff, Musk Tells Employees
The electric carmaker has been growing fast in recent years, but Elon Musk, its chief executive, appears to be concerned about a weakening economy.
Ford Plans 6,000 New Union Jobs in Three Midwestern States
The automaker said the move would further its electric-vehicle goals. It may also defuse tensions with the U.A.W. ahead of contract talks next year.
Stellantis and Samsung to spend $2.5 billion on an electric vehicle battery plant in Indiana.
The automaker, which owns Jeep and Ram, is seeking to catch up in a global race to build electric cars and trucks.
Tesla’s Aura Dims as Its Plunging Stock Highlights the Risks It Faces
Production problems in China and Elon Musk’s pursuit of Twitter are leading investors to wonder whether the electric car company is worth as much as they thought.
GM’s Mary Barra Has a Plan to Win the Electric Vehicle Race
The General Motors chief says efficiencies, innovations and learning from mistakes will allow her company to become a leader in electric vehicles.
G.M.’s Profits Fell 3% in the First Quarter
The automaker reported an 11 percent jump in revenue for the first three months of the year compared with a year earlier.
Tesla’s Profits Jumped in the First Quarter but Challenges Loom
The electric carmaker had to close an important factory in Shanghai because of China’s efforts to stamp out a coronavirus outbreak.
Jim Farley Tries to Reinvent Ford and Catch Up to Elon Musk and Tesla
Ford’s chief executive is about to introduce an electric F-150 pickup truck that could determine whether the automaker can survive and thrive in an industry dominated by Tesla.
Tesla Will Sell Its Cybertruck Next Year, Elon Musk Says
Delays in producing the pickup have allowed rivals like Ford to beat Tesla to market with electric pickups.
Hyundai Ioniq 5 Review: Nodding to Past While Pushing Toward E.V. Future
For now, supply may be constrained, but Hyundai is putting a big bet on building electrics for the American market.
Stellantis, maker of Chryslers and Jeeps, and LG will spend $4 billion on a new battery factory in Ontario.
The automaker, which was created by the merger of Fiat Chrysler and Peugeot, has lagged in the fast-growing market for electric cars.