AD #3935 - VW Boosts Rivian Investment By $800 Million; UAW Scales Back Organizing Efforts; Hertz Accelerates EV Selloff
About this episode
Volkswagen boosts its investment in Rivian by $800 million, forming a joint venture focused on software and vehicle technology, with products expected by 2027. The European EV market faces challenges with lower-than-expected adoption and regulatory pressures, prompting Ford to cut EV production in Europe. Hertz plans to accelerate EV fleet selloff due to steep depreciation losses. Chinese automaker Jaipung showcases a unique electric land aircraft carrier with drone capabilities. The UAW scales back unionizing efforts after mixed results, while Chinese battery maker Coatl is open to US factory investment if allowed. Ford Ranger sales rebound with a new powerful engine option.
Ford Explorer
"...ed. Ford invested two billion dollars to make the Explorer and the Capri evs at its plant in Cologne, German..."
Ford Ranger
"... plants where they're produced. Sales of the Ford Ranger in the US are recovering from last falls cripplin..."
Ford Bronco
"...h is also used in F series pickups as well as the Bronco. In the Ranger, the engine generates three hundre..."
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