A global chip shortage has forced virtually every major automaker to halt some car production and furlough workers — just as the industry was showing signs of recovery from the pandemic-related shutdowns last spring.
Bailo adds that, in addition to pressure from governments, automakers are increasingly being pushed by investors to adhere to environmentally and socially responsible criteria.
In many cases, the automakers are trying to prioritize their more in-demand products, but as some of those closures show, that isn't always possible.
According to the WSJ, Tesla disagrees that the issue is a failure, though the automaker is recalling a select amount of vehicles to investigate the issue.
EVgo has also struck deals with automakers such as GM and Nissan as well as ride-hailing companies Lyft and Uber.
The automaker was supposed to get rid of its unresponsive culture in exchange for taxpayer salvation.
Toyota, a foreign automaker that made its hybrids in Japan, accounted for almost the entire hybrid market.
The Italian automaker brought new management, design ideas, cash, and marketing elan to the company.
Every major foreign automaker has established significant production capacity in the U.S.—mostly in Southern states.
What happens if an automaker offers him the chance to reinvent an iconic marque?