Inside the Industry

Toyota to collaborate on sustainable, closed-loop electrified battery ecosystem

(June 22, 2022) PLANO, Texas — Toyota, as part of its commitment to reduce its environmental footprint year after year and achieve carbon neutrality by 2050, has embarked on a mission to create a sustainable, closed-loop battery ecosystem for its electrified powertrains. This mission focuses not only on the collection, testing and recycling of batteries into raw materials to create a sustainable supply chain, but also aims to develop second-life opportunities for remanufactured and repurposed Toyota hybrid electric vehicle batteries by leveraging battery health screening tools and empowering data from its vehicles.

Volkswagen's first fully electric sedan —The ID. AERO concept

(June 22, 2022) WOLFSBURG, Germany — The Volkswagen brand is looking into the future and releasing exclusive design sketches of the ID. AERO concept vehicle, the first fully-electric limousine for the Chinese automobile market. At first glance, the new concept car impresses with its outstanding aerodynamics, elegant design and generous space. The digital world premiere of the pre-production study will take place June 27.

Aston Martin DB5 convertible owned by ‘DB’ himself up for sale

(June 21, 2022) LONDON — An Aston Martin DB5 Convertible, ordered and owned by the man who gave his initials to the legendary DB-series of cars — one-time Aston Martin chairman Sir David Brown — is now offered for sale by Aston Martin Specialists, Nicholas Mee & Co. The importance of the Aston Martin DB5 Convertible in automotive history cannot be overstated — with just 123 models ever built it’s one of the most highly sought-after cars for collectors across the globe. 

All BMW plants to be digitalized using 3D laser scanning by early 2023

(June 21, 2022) MUNICH, Germany —  By early 2023, the BMW Group will have a digital scan of every one of its vehicle plants worldwide. In this way, the company is systematically merging the real and virtual worlds and tapping into the enormous potential for highly efficient planning of future plant structures and production facilities.

Mecum’s 2022 Tulsa Collector Car Auction reaches $17 million in sales

2019 Mercedes-Benz AMG GT R

(June 20, 2022) Mecum Auctions held its second annual auction in Tulsa, Okla., with sales at its June 9-11 return to SageNet Center at Expo Square reaching $17 million in total. The sophomore event drew large, enthusiastic crowds over the course of the three auction days as a total of 643 vehicles crossed the auction block and a 77% sell-through rate was achieved.

Volvo Cars makes New Jersey its Americas hub for EV training

(June 20, 2022) MAHWAH, N.J.  — Volvo Cars is expanding its footprint in New Jersey to prepare for a future selling only electric vehicles by building a new technical and training facility, and installing 50 EV chargers, at the company’s headquarters in Mahwah. Ground has been broken at the future site of the Volvo Car Americas Technical and Training Center. The new facility will enable the company to better support its network of retailers and their service technicians in the US, Canada, Mexico and South America. It is scheduled to open in March 2023.

Polestar to debut first electric performance SUV, Polestar 3, in October

(June 20, 2022) GOTHENBURG, Sweden — Polestar, the Swedish electric performance car company, has announced that the world premiere of its next car, the Polestar 3 electric performance SUV, will be in October. Polestar 3 is the company’s first SUV. The launch of the car marks Polestar’s entrance into one of the highest margin and growth segments in the automotive industry, particularly in the United States.

Mazda — Factories worldwide will be carbon neutral by 2035

(June 19, 2022) Mazda Motor Corporation has announced its commitment to making Mazda factories globally carbon neutral by 2035, supporting the goal of making the whole Mazda supply chain carbon neutral by 2050. Mazda sees it as the core responsibility of all automotive manufacturers to do their part in curbing global warming by reducing CO2 emissions in every step of vehicle production, including manufacturing, transport, vehicle usage and recycling.

Lunaz unveils world’s first electric classic Jaguar with ocean clean-up textiles

(June 18, 2022) LONDON — Lunaz, one of the world’s leading creator of up-cycled, restored and electrified classic cars, has unveiled a very special customer commission: a 1952 Jaguar XK120 handed over at the Concours on Savile Row in London. The car presented a world-first for a project of this type — a leather-free interior that utilizes ocean clean-up materials. This includes carpets that are woven from reclaimed nylon sea-fishing nets. Additionally, the backing of these carpets is up-cycled from marine plastic pollution such as plastic bottles.

Impending water crisis is subject of TV documentary

(June 17, 2022) NEW YORK — Water — it’s one of the greatest challenges all nations face today. Though it covers about 71% of the earth’s surface, more than 97% is found in the ocean, unusable for drinking, growing crops and most industrial uses. In fact, less than 3% of the world’s water is fresh, and, of that, less than 1% is available for human consumption.