The automaker’s top stakeholders were meeting to decide on the group’s next five-year plan covering future investments, management roles and factory allocations. source: Section Page
Year: 2021
Level 3 tech will be rolled out across the automaker’s full portfolio, Joachim Langenwalter, head of artificial intelligence, software and hardware said. source: Section Page
VW’s spending for electric vehicles will be raised by about 50 percent to nearly $59 billion. source: Section Page News – Automotive News
VW is sending company veteran Brandstaetter to Beijing to fix the automaker’s troubled China operations. source: Section Page News – Automotive News
May’s election expands the automaker’s board to 15 members, and he will serve on the finance, compensation, talent and culture, and nominating and governance committees.
The magnets and the rare earth materials that form them will be sourced and manufactured in North America, the companies say. source: Section Page News
The two Swedish companies will open a gigafactory in Europe with potential annual capacity of up to 50 gigawatt hours. source: Section Page News –
The latest stoppages will bring lost output to 9,000 vehicles, the automaker said, and affect production of Lexus models and the Land Cruiser. source: Section
The automaker is eying a battery cell manufacturing plant in Lansing and retooling its Orion EV assembly plant, both in Michigan. source: Section Page News
Toyota’s announced a $1.29 billion battery plant in Liberty, N.C., will have capacity for 1.2 million battery packs per year, suggesting more local investment will