Hyundai reportedly ceases engine development, shifts focus to EVs

Good News Notes: “Hyundai Motor Group, responsible for the Genesis, Hyundai and Kia brands, is reportedly in the process of winding down development of internal-combustion engines to fully focus on electric powertrains. Citing industry sources, The Korea Economic Daily reported last week that HMG has closed the engine development department located at its main R&D center in…

Ford invests $1 billion in German electric vehicle plant

Good News Notes:  “Ford is investing $1 billion in an electric vehicle production facility in Cologne, Germany, with the European arm of the automotive giant committing to go ‘all-in’ on electric vehicles in the years ahead. In plans announced Wednesday morning, Ford said its entire passenger vehicle range in Europe would be ‘zero-emissions capable, all-electric…