BMW M Declares DCTs Are Dead; Rivian Holds Parking Lot Sale – Autoline Daily 3592

Autoline reports breaking global car news, with great insight and analysis. Also, top auto executive interviews. We cover electric vehicles (EV), autonomous vehicles (AV) and internal combustion engine technology (ICE), as well as car sales & financial earnings and new car reviews.

0:00 Ghosn Sues Nissan for $1 Billion
1:02 Luca de Meo to Run Renault & Ampere
2:13 BMW M Declares DCTs Are Dead
3:04 Buick EV Starts at $26,500 in China
4:46 Rivian Holds Parking Lot Sale
5:32 Hyundai Dramatically Ups EV Investment
6:43 GM Pours Nearly $1 Billion Into HD Diesels
7:30 Stellantis & Foxconn to Make Chips
8:13 BorgWarner Pivots to EV Portfolio

Story Links:
Ghosn Sues Nissan: https://www.cnbc.com/2023/06/20/carlos-ghosn-sues-nissan-for-1-billion-in-lebanon-legal-document-shows.html

de Meo To Run Renault & Ampere: https://media.renaultgroup.com/ampere-new-team-for-a-new-game/?lang=eng

BMW M Says DCTs Are Dead: https://www.autoblog.com/2023/06/19/bmw-done-with-dual-clutches-almost-done-with-manuals/

New Buick EV in China: https://pressroom.gm.com/gmbx/cn/en/pressroom/home/news.detail.html/Pages/news/cn/en/2023/Jun/0619-buick.html

Rivian Parking Lot Sale: https://www.wsj.com/articles/rivian-tries-selling-trucks-out-of-its-factory-parking-lot-1c44a17f

Hyundai Ups EV Investment: https://www.hyundai.com/worldwide/en/company/newsroom/%E2%80%98hyundai-motor-way%E2%80%99-sets-course-for-accelerated-electrification-and-future-mobility-goals-at-2023-ceo-investor-day-0000017048

GM Diesel Investment: https://www.autonews.com/manufacturing/gm-spend-920-million-expanding-dmax-engine-plant-ohio

Stellantis/Foxconn Partnership: https://www.media.stellantis.com/em-en/corporate-communications/press/siliconauto-to-design-and-sell-state-of-the-art-semiconductors-for-automotive-industry

BorgWarner Pivots to EVs: https://www.borgwarner.com/newsroom/press-releases/2023/06/19/borgwarner-to-acquire-eldor-corporation-s-electric-hybrid-systems-business-segment

Read the transcript here: http://www.autoline.tv/journal/?p=87877#more-87877

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