07 May 2026
07 May 2026
Will the Universal Electric Vehicle Architecture (UEVA) enable Ford to crack the code for high-margin EVs?
Spanish trade publication La Tribuna de Automoción, citing unnamed industry sources, reported that Geely has reached an agreement to purchase the Body 3 assembly hall at Ford’s Almussafes site.
The new TZ combines “exceptional” driving performance and comfort.
The companies have been working together since 2021, moving from early algorithm development to more advanced simulations of molecular systems.
The Georgia plant is focused on premium tyre production for the North American market and includes a dedicated research and development centre.
Located on a 6,000m² site, the facility received an investment of €1.6m ($1.8m) and is expected to process up to 10,000 vehicles a year when operating at full capacity.
Hyundai Motor Group (HMG), including Hyundai Motor Company and Kia Corporation, reported a 2.1% year-on-year decline in US sales.
Overall US light vehicle demand has slowed, amid rising fuel prices and weakening consumer confidence.
Merging industry-leading business intelligence & award-winning journalism, this is an unrivalled opportunity for engagement with B2B professionals across a network of 40+ leading media websites.
Steer your business strategy with key data and insights from our latest market research reports and company profiles. Not ready to buy? Start small by downloading a sample report first.
Give your business an edge with our leading industry insights.
