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Automotive: Page 49

WTO Cuts 2023 Forecast for Growth in Trade in Goods by Half

The WTO said October 5 that merchandise trade volumes would grow by just 0.8% in 2023, less than half of the 1.7% estimate that came in April.

Image: iStock.com/thitivong

Ford Sales Rose in the U.S. During the Third Quarter

Ford saw its sales of electric vehicles, hybrids and trucks each increase by double-digit percentages during the third quarter of 2023.

Krasnoyarsk, Russia. Photo: iStock.com/Vera Tikhonova

EU Formally Opens Subsidies Probe into EVs Made in China

The probe will focus on new battery-powered electric vehicles (BEVs) and alleged subsidies granted by the Chinese state, a legal notice in the EU’s official journal confirmed October 4.

Munich Motor Show. Munich, Germany. September 6, 2023. Photo: Bloomberg

Volkswagen Cuts Its EV Output Levels in Germany

Volkswagen will be dialing back production of its ID.3 and Cupra’s Born EVs at the company’s Zwickau factory until October 16.

Lisbon, Portugal. Photo: iStock.com/Ivan Kyryk

UAW Expanding Strikes Against Big Three Automakers

The strike will likely extend to GM's Lansing, Michigan plant as well as Ford's Chicago, Illinois assembly facility, bringing the number of picketers up to 25,000 people.

Photo: iStock.com/Pict Rider

Toyota Broke Its Global Sales Record in August

Toyota said that it is planning to produce 150,000 electric vehicles this year, 190,000 EVs in 2024 and 600,00 EVs in 2025.

Toyota Highlander. Philadelphia, Pennsylvania. March 11, 2018. Photo: iStock.com/helen89

Northvolt Gets Billions from Canada to Build Quebec EV Battery Plant

The plant is set to start operating in 2026 and will initially produce enough batteries for about half a million EVs.

Skelleftea, Sweden. Photo: iStock.com/Alexander Farnsworth

UgoWork Launches Energy and Battery Management Platform

UgoPilot allows companies to securely manage their fleets, reduces the need for underused equipment and provides businesses with access to energy professionals.

Lithium ion battery modules. Photo: iStock.com/Pasha Pechenkin

Germany Pauses EV Charging Subsidy Program

The program, which was given a $317 million budget by the transportation ministry for 2023, received almost 33,000 applications in the 24 hours after it was launched.

Photo: Hyundai

EU Rules on Electric Cars Could Cost Carmakers Billions

The U.K. is by far their largest export market for European car-makers, with 1.2 million vehicles arriving at U.K. ports last year.

Photo: iStock.com/Tanaonte

UAW, Big Three Carmakers Can Notch ‘Win-Win,’ Buttigieg Says

UAW said September 22 the union would expand its labor action against GM and Stellantis, but spared Ford from additional walkouts after clinching more concessions from the company.

Transportation Secretary Pete Buttigieg. Photo: Bloomberg

Ryder Introduces BrightDrop EVs into Rental Fleet

The BrightDrop Zevo vans can now be rented at Ryder locations in Long Island City, New York, Saginaw, Texas and Santa Fe Springs, California as well as Hayward, California.

Ontario, Canada. Photo: iStock.com/JHVEPhoto

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