GM PLANS TO RAMP UP PLANTS WITH DEALERS RUNNING LOW ON
PICKUPS
General Motors Co.'s North American assembly plants have
overcome initial parts-supply challenges and will boost production
next week. Three U.S. factories building mid- and full-size pickups
will operate on three shifts starting June 1, the automaker said in
a statement Thursday. GM has been running just one shift at the
facilities and was unable to increase output this week because
supply of parts from Mexico was constrained.
Source: Bloomberg
VW PUMPS ANOTHER $2.3B INTO EV BET
Volkswagen Group agreed to invest 2.1 billion euros ($2.33
billion) in two separate Chinese electric vehicle players. VW said
it will invest 1 billion euros to take a 50 percent stake in the
state-owned parent of Anhui Jianghuai Automobile Group, also
raising its stake in an existing EV joint venture with JAC to 75
percent from 50 percent. VW will gain full management control of
the JV, said Stephan Wollenstein, the
