Remove Affordable Remove Automobile Remove Corporation Remove Manufacturer
article thumbnail

Rivian Q1 income to mirror manufacturing facility downtime

Baua Electric

Future Rivian is operating in the back of the presen it wishes to satisfy its 2023 manufacturing estimate, the corporate says it’s laying the groundwork for higher numbers for the left-overs of the 12 months. Rivian is construction a plant in Georgia to create R2 automobiles settingup in 2026. billion for full-year 2022.

article thumbnail

Toyota invests $394M in, collaborates with Joby on air mobility

Green Car Congress

Toyota is collaborating with Joby Aviation (Joby), an aerospace company that is developing and commercializing all-electric vertical take-off and landing (eVTOL) aircraft to enable the deployment of fast, quiet and affordable air transportation services. —Toyota Motor Corporation President and CEO Akio Toyoda. Joby’s eVTOL.

Toyota 307
article thumbnail

GM and Honda announce executive leadership and board of directors for Fuel Cell System Manufacturing, LLC

Green Car Congress

General Motors and Honda announced the executive structure for their recently established joint venture company, Fuel Cell System Manufacturing, LLC (FCSM). Haq and Kosaka will be responsible for operations, overseeing the start-up of the JV and ongoing manufacturing operations. David Maday, Executive Director, Corporate Development.

Honda 186
article thumbnail

Honda to invest $40B over 10 years in electrification and software; launching 30 EV models by 2030; > 2M units p.a.

Green Car Congress

In a press briefing held in Tokyo on its initiatives in automobile electrification, Honda announced that it will spend approximately ¥5 trillion (US$40 billion) in the area of electrification and software technologies to further accelerate its electrification over the next 10 years, including both R&D expenses (¥3.5 trillion / US$12 billion).

Honda 284
article thumbnail

Lamborghini Breaks Historic Sales Record

The Truth About Cars

Lamborghini has broken its own sales record by delivering over 10,000 automobiles in 2023. While that’s still less than mainstream manufacturers are pushing out the door in a given week, it represents a major shift in how the brand does business and will likely open it up to additional regulatory scrutiny.

Sale 101
article thumbnail

COP26 declaration on accelerating the transition to 100% zero emission cars and vans

Green Car Congress

We will support efforts to achieve the road transport breakthrough announced by world leaders, which aims to make zero emission vehicles the new normal by making them accessible, affordable and sustainable in all regions by 2030. … Unilever; Vattenfall; Zenith; Zurich. Unilever; Vattenfall; Zenith; Zurich.

article thumbnail

Ford and Zotye forming JV in China for EVs; Ford’s third JV in the country

Green Car Congress

Ford Motor Company and Zotye have agreed to establish Zotye Ford Automobile Co., a new 50:50 joint venture that will offer a range of stylish and affordable all-electric vehicles for consumers in China under a new indigenous brand. A new manufacturing plant for the JV will be constructed in Zhejiang Province. Earlier post.).

China 150