WardsAuto Daily Edition
 
















MAY 21, 2024



Lexus Adds 2-Wheel Drive and ‘Budget’ Spec to BEV Range

Automaker hopes trimmed-back specs and less energy-hungry drivetrain will tempt buyers in a challenging BEV market.

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Autoline Daily 2024: Top Industry News for May 21

Tesla Model 2 Coming in 20 Months; Toyota Planning PHEV Tundra and Sequoia?; China Increases Dominance of EV Raw Materials

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Development Speed Tops Automakers’ Wish Lists, Dassault Says

Pressured by startups and other disruptors and caught up in what may be the industry’s most dynamic period of change, automakers clearly have a need to move more quickly.

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Ineos Chief Warns Market Not Ready for BEVs

Sir Jim Ratcliffe calls for a longer transition period from fossil fuels to alternative vehicle powertrains.

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FROM AUTOMOTIVE DIVE
GM, EV Battery Suppliers Establish $150M Fund to Reimburse Chevrolet Bolt Owners
The automaker reached a previous agreement with LG Electronics in October 2021 to cover roughly $2 billion in costs associated with the Bolt battery recall.
IN CASE YOU MISSED IT...

WardsAuto Podcast: Cadillac Chief John Roth and Electrification

Cadillac has softened its drive to have an all-BEV showroom by 2030 as demand has slackened and federal regulators have lightened mandates.

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