[International Express] Tesla may build new plant in Canada/Mexico; GM shares fall below IPO price; South Korean truckers strike and cause $1.2 billion loss

Tesla considering building new factories in Canada or Mexico

Elon Musk has revealed that Tesla's new factory may not necessarily be located in the United States, as the company is also considering a new North American factory in Canada or Mexico.However, Musk said Tesla has not made a decision.

Tesla Singapore manager fired

Electric carmaker Tesla has fired its Singapore country manager Christopher Bousigues.On June 12, Bousigues posted on LinkedIn that his position at Tesla was "cancelled", but did not give a specific reason for his dismissal, saying only that it was related to Tesla's previously mentioned layoffs.Just a week ago, the company's chief executive, Elon Musk, warned of possible layoffs around the world.

Tesla's German plant to hire 500 to 600 employees per month

On June 13, Joerg Steinbach, Minister of Economics of the Brandenburg Region of Germany, said that Tesla's Grenheide plant recruits an average of 500 to 600 employees per month, and is cooperating with the national employment agency to recruit other German car companies that are no longer required. employees.So far, Tesla's German factory has recruited a total of 4,100 to 4,500 employees, of which about 10% are foreigners, mainly from Poland.

Tesla will speed upproduction of the right-hand drive version of theModel Y

Tesla has just launched the Model Y in Australia, and it is said that demand is very strong. The delivery time of new orders has been extended from the previous August to November to February to May next year, indicating that Tesla has received a significant increase in orders.Therefore, Tesla plans to speed up the production of the right-hand drive version of the Model Y.

A Model S in the US catches fire three weeks after the accident

The Sacramento Fire Department put out its first Tesla fire last week.Firefighters extinguished the flames that engulfed a Tesla Model S that had been involved in a previous accident and then caught fire after being parked in a Sacramento scrap yard for three weeks.

GM shares fall below IPO price

On June 13, General Motors shares closed down 7.8% to $32.28, the first time since October 2020 that it was below the IPO price of $33.On the same day, U.S. stocks plummeted, and the stock prices of other automakers except General Motors also fell to varying degrees.

LGES plans to invest 730 billion won to increase cylindrical batteryproduction

On June 13, LGNew Energy(LGES) said it would invest 730 billion won ($570 million) in its domestic factories in South Korea to increase production of cylindrical batteries for electric vehicles, of which 580 billion won will be used for Build a new 4680 battery production line at its Ochang factory with a capacity of 9 GWh; the remaining 150 billion won will be used to expand the factory to add an additional 4 GWh of battery capacity.

Russia to increase investment in domestic auto parts production

Russia will spend 30 billion rubles ($526 million) this year to boost domestic production of auto parts and replace imports, Deputy Prime Minister Yury Borisov told RBC TV on June 13.

Automakers urge U.S. to remove cap on electric vehicle tax credits

On June 13, General Motors, Ford, Chrysler parent Stellantis and Toyota Motor North America urged Congress to remove the $7,500 cap on electric vehicle tax credits, citing the higher cost of producing zero-emission vehicles.

Jeep prepares to go electric in Europe

Jeep's zero-emission era is upon us, with the company planning to stop selling combustion-engine vehicles in most major European markets by the end of the year and only offer hybrids.But it's unclear when Jeep will make that transition in the U.S.

South Korean truckers' strike causes $1.2 billion in losses

South Korea's industry, which includes autos, steel, petrochemicals and cement, faces a cumulative loss of about 1.6 trillion won ($1.24 billion) as of June 12 due to the ongoing strike by truckers, the Ministry of Industry said on June 13. loss.

Volkswagen Group's small electric car prices may be hit by high inflation

The Volkswagen Group's target starting price of 20,000 euros for its new pure electric small car range may not be achieved if high inflation rates in Europe persist.

Volkswagen Group to strengthen cooperation between mass-produced brands

The Volkswagen Group plans to strengthen cooperation between the Volkswagen Passenger Cars, Skoda, Seat and Volkswagen Commercial Vehicle divisions to achieve greater synergies.

GM: Truck sales are very strong

GM Chief Executive Mary Barra said on June 13 that the company is "selling all trucks that can be produced" and is expanding truck-makingcapacityin North America despite record-high U.S. gasoline prices .

Stellantis to withdraw from European Automobile Manufacturers Association

Stellantis said on June 13 that the company would withdraw from the European Automobile Manufacturers Association (ACEA) by the end of 2022, as part of its new approach to addressing future mobility issues and challenges, including abandoning traditional lobbying activities.

Musk to address Twitter employees

Elon Musk will address employees at a Twitter company meeting this week, the first time the Tesla CEO has met with employees since the company agreed to buy Twitter for $44 billion in late April, according to people familiar with the matter.

Ferrari names new chief brand officer

On June 13, Italian luxury carmaker Ferrari named Carla Liuni as its new chief brand officer.The appointment of Liuni is the latest step in a management shake-up announced earlier this year by the company's new chief executive, Benedetto Vigna, aimed at streamlining the company's structure.

Ferrari is about to setcourse forelectrification

Ferrari chief executive Benedetto Vigna is expected to unveil Ferrari's much-anticipated business plan this week to continue the company's prestige and top prices for vehicles in a new era of electric vehicles, nine months into his tenure.

Chevrolet electric Blazer will be officially revealed on July 18

Chevrolet released official photos of the 2024 electric version of the Blazer on June 13, revealing that the SS (Super Sport) version will arrive at dealerships in spring 2023.GM may hold a press conference on July 18, when it will announce information on power, charging speed and interior.