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HONG KONG— General Motors Co. and Hyundai Motor Group each announced new investments to produce electric-car battery cells in the U.S. in joint ventures with different South Korean battery makers. General Motors and Samsung SDI Co. announced Tuesday that they are planning to invest more than $3 billion in a battery-cell factory that would begin operating in 2026. The location of the plant wasn’t disclosed but the cells will support GM’s EV capacity in North America, Chief Executive Mary Barra said.…

The auto makers haven’t done enough to make the cars harder to steal, the cities say. The auto makers haven’t done enough to make the cars harder to steal, the cities say. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not…

Car buyers are finally starting to see something they haven’t in a long time on dealership lots: more availability of cars and trucks.Inventory levels for new vehicles, constrained through much of the pandemic due to supply-chain snarls, have begun to bounce back, leading many car companies to report higher U.S. auto sales in the first quarter. The strong results are a sign that the car sector is moving past some of the acute shortages that have dogged business in recent years.   General Motors Co.…

Global auto makers facing stalling sales in China and elsewhere are fixing their sights on India, a market that executives say has become too big to neglect despite historical challenges.  For years, Nissan “kept India on the backstage ready for growth,” Nissan Chief Operating Officer Ashwani Gupta said in an interview. “Now the market is growing.” After passenger-vehicle sales increased by 24% last year, India is on a par with Japan as the No. 3 country in terms of vehicle sales…

The lack of AM radio in some new electric vehicles could cut off drivers from important safety alerts broadcast over the medium, warned a group of former emergency officials in a letter Sunday.Auto makers such as Ford Motor Co. F -1.57% and Tesla Inc. TSLA -2.57% have dropped AM radio from newer EV models. Car companies say the motors on such vehicles generate electromagnetic frequencies on the same wavelength as AM…

The electric car maker has had a tough year, between production delays in China, backlash over Chief Executive Elon Musk’s acquisition of Twitter Inc. and his unloading of tens of billions of dollars of his own Tesla shares. Investors have soured on the stock, which had its worst year in 2022. None of that has deterred analysts who follow the company. In fact, 64% of analysts covering Tesla have “buy” or “overweight” ratings for its stock, according to FactSet. That is the highest share since…

For nearly two years, car dealers have been focused on getting more cars onto their lots amid a severe inventory crunch. Now, some are worried about how quickly they will be able to move them off. But as new-vehicle stocks are slowly replenished, some dealers say there are signs that an uncertain economic outlook and higher interest rates are starting to dampen demand. “There is pent-up demand from people who’ve been in the market for six or nine months and haven’t been able to find a car,” said Peter…

General Motors Co. GM 3.49% posted a 37% third-quarter net profit increase, as production snapped back from supply-chain problems a year earlier and car buyers continued to pay up for new vehicles. GM reported a $3.3 billion profit, driven by outsize sales of big pickup trucks and SUVs, the company’s biggest money makers. Revenue jumped 56% to a quarterly record $41.9 billion, as the auto maker worked through a backlog of vehicles that it hadn’t been able to ship the…

SEOUL—During a visit to Seoul in May, President Biden stood at a courtyard podium flanked by the head of Hyundai Motor Group. The South Korean auto maker had just pledged more than $10 billion in U.S. investments, creating thousands of new American jobs. Mr. Biden thanked Hyundai’s Euisun Chung for helping the two countries work toward an electric-vehicle future.“We will not let you down,” Mr. Biden said. Four months later, Mr. Chung, Hyundai and many South Koreans are feeling disappointed.…

Updated July 26, 2022 4:31 pm ET Federal regulators on Tuesday ordered Hyundai Motor Co. ’s North American finance arm to pay a $19 million fine for providing allegedly inaccurate information to credit-reporting companies about more than 2.2 million customer accounts. The Consumer Financial Protection Bureau accused Hyundai Capital America of using manual and outdated…