Called Blue Oval City, the complex will be constructed on a nearly six-square-mile site in west Tennessee and produce next-generation electric F-Series pickups and advanced batteries.
The lack of new-vehicle inventory is steering many dealers and consumers into the used-vehicle market, resulting in higher prices for both wholesale and retail used vehicles.
With 150,000 reservations and counting, the additional resources will boost the supply of the all-electric pickup truck when it goes on sale in the spring of 2022.
The BMW iX is being manufactured at the BMW Group’s largest European production plant on an assembly line with the flexibility to build a mix of BMW 5 Series, 7 Series, and 8 Series models.
BMW Group is expanding it manufacturing capacity to make electric drivetrains for 500,000 electrified vehicles per year from 2022 and start producing fifth-generation high-voltage batteries.
Find out how the microchip shortage is affecting vehicle sales, how OEMs are prioritizing production, and why there's a demand for used vehicles.
Today's video covers ongoing vehicle supply constraints in both the fleet and retail markets; upward pressure on fuel prices; and production slowdowns due to ongoing shortage of microchips impacting orders of 2021-MY vehicles.
This shortage is causing OEMs to reduce, or in some cases even stop, vehicle production, as they find it more difficult to procure semiconductors and electronics. As a consequence, this global shortage of semiconductors promises to further increase lead-times for affected vehicle models.
Mazda Toyota Manufacturing (MTM), the new joint-venture between Mazda Motor Cor. and Toyota Motor Corp., will invest $830 million to incorporate more advanced manufacturing technologies to its production lines and provide enhanced training to its workforce of up to 4,000 employees.
Commercial vehicle production in the U.K. fell by 57.2% in June, according to figures released by the Society of Motor Manufacturers and Traders (SMMT).
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