The lack of new-vehicle inventory is steering many dealers and consumers into the used-vehicle market, resulting in higher prices for both wholesale and retail used vehicles.
With 150,000 reservations and counting, the additional resources will boost the supply of the all-electric pickup truck when it goes on sale in the spring of 2022.
BMW Group is expanding it manufacturing capacity to make electric drivetrains for 500,000 electrified vehicles per year from 2022 and start producing fifth-generation high-voltage batteries.
Mazda Toyota Manufacturing (MTM), the new joint-venture between Mazda Motor Cor. and Toyota Motor Corp., will invest $830 million to incorporate more advanced manufacturing technologies to its production lines and provide enhanced training to its workforce of up to 4,000 employees.
The pandemic exposed fleet policies to be woefully inadequate in addressing the needs of a health crisis. Fleets were forced to improvise policies and procedures to minimize the risk of contagion.
As of May 26, FCA has restarted 22 of its plants in North America and enacted safety measures for its employees.
Ford has extended how long its plants in the U.S., Canada, and Mexico will remain closed.
Ford Motor Co. will start building its F-150 in Michigan on Friday and Super Duty trucks in Kentucky on Monday, following a week of downtime that resulted from a fire at the factory of parts supplier Meridian Magnesium Products of America in Eaton Rapids, Michigan.
Volkswagen will offer a five-passenger version of its seven-passenger Atlas mid-size SUV and will build both vehicles at its Chattanooga, Tenn. assembly plant, the automaker has announced.
Nissan North America has expanded production of its NV cargo and passenger vans by adding a second shift to its Canton, Ohio, assembly plant, where Nissan recently celebrated production of 4 million vehicles.
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