Ford profit drops 50 percent because of a global chip shortage.
Ford has had to halt or slow production of highly profitable models like the F-150 pickup truck and various sport-utility vehicles.
Nissan Plans U.K. Battery Factory, a Lift for Post-Brexit Automaking
The Japanese carmaker will also manufacture a new electric vehicle in England as part of a £1 billion investment, partially supported by the government.
Lordstown Motors Invites Investors and Analysts to Its Factory
After an executive shake-up and conflicting statements about prospects for its electric pickup truck, the start-up is inviting investors to pay a visit.
Lordstown Says it Has No ‘Binding’ Orders
The start-up gained attention by purchasing a shuttered General Motors factory in Ohio in 2019. At the time, G.M. was under pressure from President Trump to find a buyer for the plant.
G.M. to Boost Electric Vehicle Spending, Build Battery Plants
General Motors’ push to increase E.V. spending follows an announcement by Ford that it would start making an electric version of its F-150 pickup truck this year.
Lordstown Motors’ Top Executives Resign After Board Investigation
The company’s top executive resigned after the struggling automaker released an investigation by its board.
Lordstown Motors Warns it Can’t Start Production
Lordstown Motors, which bought a shuttered General Motors factory in Ohio, warned that it needs to raise more money and might not survive.
Biden Administration Moves to Unkink Supply Chain Bottlenecks
A swath of recommendations calls for more investments, new supply chains and less reliance on other countries for crucial goods.
Lordstown Motors Shares Plunge as Investors See Problems
Lordstown Motors said it would start producing and selling electric pickup trucks this year, but there is little evidence it is ready to do so. Its stock has tumbled from a high of about $30 last year to around $8.
China Is Set to Rule Electric Car Production
Fueled with money from Wall Street and local officials, automakers plan to build eight million electric cars a year there, more than Europe and North America combined.