BMW Starts Production At New $2.2b Plant 

BMW Starts Production At New $2.2b Plant 

BMW has commenced production at a new plant in China with an investment of 15 billion yuan ($2.24 billion) as the carmaker accelerates electric vehicle (EV) production. The Lydia plant, BMW’s third car assembly facility in China, located in the northeastern city...
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Toyota To Cut Global Production Plan, Deliver 9.3m Vehicles By March 2023

Toyota To Cut Global Production Plan, Deliver 9.3m Vehicles By March 2023

Toyota Motor Corporation will cut its global production plan by about 100,000 to roughly 850,000 vehicles in June due to the semiconductor shortage. Reuters report on Tuesday that the company did not change its estimate of producing about 9.7 million...
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