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April 20, 2021 Weekly Automotive Report - Vimarsana News

April 20, 2021 Weekly Automotive Report

Tuesday, April 20, 2021 This report helps automotive suppliers inform their legal and operational decisions to help address challenges and opportunities.  Key Developments supply chain challenges due to  potential shortages of rubber, according to Foley & Lardner Partner Ann Marie Uetz as quoted in Bloomberg. Stellantis has four North American plants shut down as a result of the semiconductor shortage, and  Ford last week announced additional shutdowns impacting five U.S. facilities, including  F-150 production in Kansas City, Missouri. Ford announced  on-site ...

GM's New Battery Plant With LG Energy Will Make Large Pouch-Style Cells - Vimarsana News

GM's New Battery Plant With LG Energy Will Make Large Pouch-Style Cells

GM's New Battery Plant With LG Energy Will Make Large Pouch-Style Cells General Motors continues its investments in electric vehicles with the recently announced Spring Hill, TN, battery cell manufacturing facility. Advertisement You can’t have electric cars without batteries. General Motors is smart enough to know this and is already in the process of building a battery cell manufacturing facility in Lordstown, OH. General Motors is also smart enough to realize that one battery plant, despite sitting on a 158-acre plot of land according to GM Authority, is not going to be enough to sustain...

General Motors And LG Announce New $2.3B Tennessee Battery Plant - Vimarsana News

General Motors And LG Announce New $2.3B Tennessee Battery Plant

Sponsored Links General Motors and LG Chem have confirmed they will invest $2.3 billion to set up a new battery cell manufacturing site on the grounds of the GM Spring Hill Assembly plant in Tennessee. The plant will be owned and operated by GM and LG Chem’s joint venture, Ultium Cells LLC. Construction on the 2.8 million-square-foot facility will begin immediately, the company said, with production set to kick off there in late 2023. “The addition of our second all-new Ultium battery cell plant in the U.S. with our joint venture partner LG Energy Solution is another major step in our tra...

13Apr2021 Midday Update: Big Oils Dwindling Reserves Are A Major Problem, WTI Crude Up Fractionally 60.31, DOW Down 145 Points At 1230 ET, Nasdaq Up 0.6%, Bitcoin Rises 63300, SP 500 Sets New Record High - Vimarsana News

13Apr2021 Midday Update: Big Oils Dwindling Reserves Are A Major Problem, WTI Crude Up Fractionally 60.31, DOW Down 145 Points At 1230 ET, Nasdaq Up 0.6%, Bitcoin Rises 63300, SP 500 Sets New Record High

Covid cases are rising in more than half of U.S. states, despite ramp up in vaccinations (SPY 0.1%). March 2021 CPI: Year-over-Year Inflation Rate Rises To 2.6%. Here is the current market situation from CNN Money North and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 1.21%, while the IPC led the S&P 500 lower. They fell 1.14% and 0.06% respectively. What Is Moving the Markets Here are the headlines moving the markets. Chinas Oil Imports Surge Ahead Of Refinery Maintenance Season China imported 11.69 million barrels of crude oil daily last ...

Cadillac Lyriq Begins Real-World Testing - Vimarsana News

Cadillac Lyriq Begins Real-World Testing

AdBlocker Detected! We know, advertisements are annoying and slow down the internet. Unfortunately, this is how we pay the bills and our authors. We would love for you to enjoy our content, we've worked hard on providing it. Please whitelist our site in your adblocker, refresh the page, and enjoy! Cadillac Lyriq Begins Real-World Testing We are currently looking for experienced automotive journalists and editors to join our team.  Make $60k-$80k per year doing what you love.  We are also looking for an experienced forum moderator to join our team.  See details here. Sponsored Links The al...