13 May 2026
13 May 2026
Hyundai reported a sharp decline due to supply chain disruptions.
The move comes about a year after Lotus reversed plans that would have ended manufacturing at Hethel.
The facility currently produces hundreds of thousands of Model Y vehicles annually alongside millions of battery cells.
The reductions are global, though GM has not provided a country-by-country or site-by-site breakdown.
The Japanese company aims to improve product competitiveness by leveraging its global manufacturing network.
The Japanese automaker returned to profit in Q4 FY25, reversing earlier losses.
The collaboration will concentrate on modular and scalable multi-domain computing solutions.
The company had indicated in July last year that it expected the final customer feedback imminently.
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