SEOUL—Hyundai Motor Co. plans to add electric vehicles (EV) in its Montgomery assembly line in the United States, marking the South Korean automaker’s first EV production in the country, Hyundai Motor Manufacturing Alabama said on Tuesday. Hyundai said it plans to invest $300 million to build the Electrified Genesis GV 70 and hybrid version of…
Hyundai Motor to Begin Electric Vehicles Production in US
April 14, 2022
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Ford, GM to Halt Production at Two Michigan Plants Due to Parts Shortage
April 1, 2022
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Ford Motor Co. and General Motors will each halt production next week at a Michigan plant due to parts shortages, the two companies said separately on Thursday. No. 2 U.S. automaker Ford said it would suspend production at its Flat Rock Assembly Plant next week, where it builds the Mustang, due to the global semiconductor…
Nutrien to Increase Potash Production Amid Eastern Europe Supply Worries
March 17, 2022
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Canada’s Nutrien Ltd, the world’s biggest fertilizer producer, said on Wednesday it plans to increase potash output by nearly 1 million tonnes this year to about 15 million tonnes in response to the uncertainty of supply from Eastern Europe. Potash is a key input required for producing nitrogen-containing fertilizers, and Russia and Belarus are the…
Toyota Plans 17 Percent Cut in Global Production in April
TOKYO—Toyota Motor Corp. is cutting its global production target in April to 750,000 vehicles, down 150,000 from an earlier plan, the automaker said on Thursday, as a semiconductor shortage and the COVID-19 pandemic bite into its plans. The news comes about a week after Toyota said it would scale back domestic production by up to…
Toyota to Cut Quarterly Production to Ease Strain on Beleaguered Suppliers
March 12, 2022
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TOKYO—Toyota Motor Corp. will scale back domestic production by up to 20 percent during the months of April, May, and June, it said on Friday, to ease the strain on suppliers struggling with shortages of chips and other parts. The move by Japan’s largest automaker is the latest to spotlight the supply-chain difficulties hobbling the…
Tesla Bull Dan Ives Sees 70 Percent Upside in Tesla
March 8, 2022
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Tesla Inc. overcame a “major overhang” after German authorities cleared its production at a new factory in Berlin, according to Wedbush analyst Dan Ives. Ives, a well-known Tesla bull, sees the stock rising, emphasizing the Berlin “Gigafactory″ as of utmost importance to Tesla and its stock price. Ives said that the company’s Model Y is…
Libya’s Oil Company Says Production Resumed at Largest Field
CAIRO—Libya’s national oil company said it resumed oil production Tuesday from the country’s largest field three days after an armed group shut it down. The state-run National Oil Corporation said pump valves at the Sharara field were opened a few minutes after midnight local time. It said it lifted a force majeure, a legal maneuver…
Volkswagen’s Skoda Limits Some Output Due to Ukraine, Production in Russia Still Running
March 2, 2022
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PRAGUE—Czech carmaker Skoda Auto, part of Volkswagen, will limit some production at its domestic plants due to supply shortages after Russia’s invasion of Ukraine, while it said its Russian operations were still running. “Due to the current situation in Ukraine, Skoda Auto is facing critical supply shortages of parts from several local suppliers that have…
Toyota to Restart Japan Production After Halt Caused by Cyberattack on Supplier
March 2, 2022
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TOKYO—Toyota Motor Corp. will restart domestic production from Wednesday after a cyberattack on a supplier ground the automaking giant’s factories to a one-day halt, sparking concerns about vulnerability in Japan Inc.’s supply chain. No information was available about who was behind the attack, or the motive. It came just after Japan joined Western allies in…
Panasonic to Begin Mass Producing New Tesla Battery by End-March 2024
March 1, 2022
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TOKYO—Panasonic Corp. said on Monday it will begin mass production of a new lithium-ion battery for Tesla Inc. before the end of March 2024 at a plant in Japan. Unveiled by the Japanese company in October, the 4680 format (46 millimetres wide and 80 millimetres tall) battery is around five times bigger than those currently…
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