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GM Expects US$1.6 Billion Loss on EV Production Cuts
By Teresa De Alba - Tue, 10/14/2025 - 16:36
General Motors expects a US$1.6 billion loss as US EV demand slows, citing production cuts and canceled contracts
https://mexicobusiness.news/tag/ev-production
More Automotive
BYD Narrows Search for New Mexico Plant Location
By MBN Staff - Fri, 08/23/2024 - 17:28
BYD is narrowing its search for a new manufacturing plant in Mexico, with a decision expected by year-end.

Stellantis Faces Lawsuit Over Alleged Fraud, Stock Drop
By MBN Staff - Fri, 08/16/2024 - 13:45
Stellantis faces a lawsuit from US shareholders, accused of hiding inventory issues, leading to a stock drop after a poor earnings report
Aepnus Tech Tackles Waste in EV Battery Production
By Óscar Goytia - Fri, 08/16/2024 - 13:41
Aepnus is developing an electrolysis platform that converts EV battery production waste into essential chemicals.
US Invests US$1.7 Billion to Boost EVs: The Week in Automotive
By Óscar Goytia - Thu, 07/18/2024 - 11:46
The US has pledged US$1.7 billion to boost EV production, while China seeks a WTO panel over subsidies controversy. This is the Week in Automotive!
Toyota Invests in IONNA, Joining Automakers to Expand EV Charging
By Óscar Goytia - Tue, 07/16/2024 - 17:13
Toyota Motor North America has invested in IONNA to support the expansion of high-powered EV charging infrastructure.
Foreign Carmakers Outproduce Detroit Brands in US First
By MBN Staff - Tue, 07/16/2024 - 16:50
Foreign-owned manufacturers produced more vehicles in the United States than their Detroit counterparts in 2023.
US Pledges US$1.7 Billion to Boost EV Research and Production
By MBN Staff - Thu, 07/11/2024 - 13:55
The US government will allocate US$1.7 billion to boost EV research and production.
USTR Raises Concerns Over Chinese Automotive Investment in Mexico
By Óscar Goytia - Mon, 07/01/2024 - 18:44
USTR has raised concerns regarding Chinese automotive investment in Mexico, urging closer scrutiny among USMCA members.
BMW, Nissan Scale Up Mexican Operations for Electromobility
By Óscar Goytia - Fri, 06/07/2024 - 18:23
BMW and Nissan are ramping up their operations in Mexico to meet the changing demands of the market towards electromobility