GM and Posco Chemical have signed a nonbinding term sheet to create the joint venture and expect to execute definitive agreements by the first quarter of next year.
U.S. light-vehicle sales are expected to decline 11 to 12 percent in November, analysts say, as the chip crunch continues to dent supplies, dashing hopes for a more substantial finish to 2021.
U.S. light-vehicle sales are expected to decline 11 to 12 percent in November, analysts say, as the chip crunch continues to dent supplies, dashing hopes for a more substantial finish to 2021.
Automakers could charge higher prices and sell fewer cars, or accept lower profit margins, Tavares says.
Self-driving startup Nuro said it was rolling out California's first commercial autonomous delivery service in partnership with 7-Eleven. Nuro's vehicles will have a safety driver on board.
U.S. light-vehicle sales are expected to fall 11 to 12 percent in November, analysts say, as the chip shortage continues to dent supplies, dashing hopes for a more substantial finish to 2021.
VW's plan to build six battery cell plants in Europe is a strategic pillar in the company's bid to become the world's top EV seller.
