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What a merger between Nissan and Honda means for the automakers and the industry
Read full article: What a merger between Nissan and Honda means for the automakers and the industryJapanese automakers Honda and Nissan will attempt to merge and create the world’s third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels.
The future of electric vehicles looms over negotiations in the US autoworkers strike
Read full article: The future of electric vehicles looms over negotiations in the US autoworkers strikeElectric vehicles and their potential impact on job security have become central to negotiations in the U.S. autoworkers strike.
Tesla's EV plug is closer to becoming the industry standard following a move by an automotive group
Read full article: Tesla's EV plug is closer to becoming the industry standard following a move by an automotive groupA key U.S. automotive industry organization says it will set performance standards for Tesla’s electric vehicle charging cords in another move toward using the Tesla plug on all EVs.
Rule delay makes big EV tax credit possible early next year
Read full article: Rule delay makes big EV tax credit possible early next yearPeople who want to buy an electric vehicle could get a bigger-than-expected tax credit come Jan. 1 because of a delay by the Treasury Department in drawing up rules for the tax breaks.
Ford shuffles management, seeks new global supply chain head
Read full article: Ford shuffles management, seeks new global supply chain headFord is restructuring its vehicle development and supply chain operations, shuffling multiple executives just days after announcing that it would build up to 45,000 vehicles with parts missing due to shortages.
Founder of GM electric truck partner quits amid allegations
Read full article: Founder of GM electric truck partner quits amid allegationsFRANKFURT – Shares in electric and hydrogen-powered truck startup Nikola plunged on Monday after the company's founder resigned amid allegations of fraud — just two weeks after signing a $2 billion partnership with General Motors. Under the partnership announced with GM, the Detroit-based automaker would take an 11% ownership stake in Nikola and would engineer and build Nikola’s Badger hydrogen fuel cell and electric pickup truck. In exchange for the 10-year deal, GM was to get $2 billion worth of Nikola’s newly issued common stock that will come in three increments through 2025. GM has been under pressure from Wall Street to more quickly exploit its electric vehicle technology, while the GM deal gave the startup added credibility, according to analysts. Under the deal, Nikola will be responsible for the sales and marketing of the Badger, built on GM’s new battery electric truck underpinnings and using GM fuel cell and battery technology.