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Toyota to invest $1.3B to build EVs at its Kentucky plant

Baua Electric

billion investment in its Kentucky factory to build EVs, including its three-row electric SUV for the US market. The investment supports the previously announced future battery EV assembly at Toyota Kentucky. ad* FTC: We use income earning auto affiliate links. Photo: Toyota Toyota just announced a $1.3

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Toyota will assemble Subaru 3-row EV in Kentucky, resources say

Baua Electric

The joint building and manufacturing technique provides Subaru a bigger EV occasion permitting it to proceed to run at supremacy pace its U.S. the place the smaller Eastern automaker builds the ICE-powered Ascent, Outback and Crosstrek crossovers and Legacy sedan. Mum or dad corporate Subaru Corp. 3 % stake in Toyota.

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Toyota to form hydrogen gasoline cells in Kentucky in December

Baua Electric

Beneath CEO Koji Saito, the corporate has created an detached trade unit referred to as the Hydrogen Manufacturing unit to spearhead hydrogen-powered, emission-free applied sciences as a part of the corporate’s multipath strategy to reaching carbon neutrality by means of 2050. of the overall.

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Ford, Ford Credit introduce sustainable financing framework prioritizing EV, clean production, community investments

Green Car Congress

Ford Motor Company and its financing subsidiary, Ford Motor Credit Company, introduced the North America auto industry’s first sustainable financing framework, focusing on and paying for ambitious plans in vehicle electrification and other environmental and social areas.

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Ford all set to start later spherical of salaried task cuts

Baua Electric

CEO Jim Farley mentioned previous this hour that Ford wanted 25% extra engineers to build its fashions than opponents and that’s costing the corporate billions in benefit. Area of Power for the development of 3 battery vegetation in Kentucky and Tennessee. go back, earlier than pastime and taxes, via the top of 2026.

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Novelis to acquire downstream aluminum producer Aleris for ~$2.6B; meeting automotive demand, expanding into aerospace

Green Car Congress

the leading producer of flat-rolled aluminum products and the world’s largest recycler of aluminum, has signed a definitive agreement to acquire Aleris Corporation, a global supplier of aerospace and automotive rolled aluminum products, for approximately $2.6 Novelis Inc., billion including the assumption of debt.

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National Alliance for Advanced Transportation Batteries Opts for Kentucky Site for Li-ion Plant

Green Car Congress

The National Alliance for Advanced Transportation Batteries (NAATBatt) ( earlier post ) has selected a site in Hardin County, Kentucky to build a more than $600-million automotive lithium-ion battery plant. Kentucky was selected over Texas, Illinois, Kansas, Missouri, New York, Pennsylvania and South Carolina. Earlier post.).

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