Taking the unit public will raise $545 million to enable LiveWire to accelerate its production and distribution plan and invest in new product development.
In a letter to US senators, Deputy Prime Minister Chrystia Freeland said Ottawa is "deeply concerned" by an electric vehicle tax credit proposed in the Build Back Better Act that it says violates the United States-Mexico-Canada Agreement.
The company, owned by China's Geely, has become aware that one of its file repositories has been illegally accessed by a third party.
Nissan will invest two trillion yen ($17.5 billion) over the next five years to speed up electrification, aiming to launch electric vehicles with its proprietary batteries by 2028.
Ford will maintain its stake in the start-up, after investing $500 million in 2019 when it announced plans to collaborate.
New passenger car registrations have now fallen for four straight months in the 27-nation European Union, according to the European Automobile Manufacturers' Association, known as ACEA.
The campaign group gave Toyota and US-European firm Stellantis "F minus minus" grades for decarbonisation efforts including phasing out engines that burn planet-warming fossil fuels in favour of electric vehicles.
Toyota said the proposed credits for union-made vehicles devalue the work of those who chose not to join a union, and send a message that promoting unions is more important than combating climate change.
General Motors and Ford reported lower profits Wednesday as a global semiconductor crunch dented sales, prompting both US auto giants to caution that shortages would persist into 2022.
In the third quarter VW 'lost some 600,000 vehicles that could not be delivered to customers compared to the second quarter', chief executive Herbert Diess said in a conference call.
GM is building jointly-owned battery plants with LG in the United States and indicated Tuesday it views the South Korean company as a long-time partner in its EV push.
Accepted by Europcar's board but still subject to a green light from France's market watchdog, the deal would give VW 66 per cent of shares.
Judges in Brunswick did not find that the accused deliberately acted "contrary to duty and to the detriment of the company", a court spokesman said.
The company said that the shortage of semiconductors was worse than it had predicted even as late as August, but that supplies were now stabilising.
GM reported third-quarter sales of 446,997 in the United States, down almost a third from the year-ago period.
"Production will resume on January 2, 2022," it said, adding that in the meantime, staff would be put on short-time working.
The two US industrial giants signed a memorandum of understanding with the goal of establishing "a North America- and Europe-based supply chain of vertically integrated magnet manufacturing that both companies will use in the future.
The 37.4 percent drop was a sharp acceleration on the 7.4 percent decline recorded in July, according to the National Statistics Institute (ISTAT).
New car registrations fell by 23.1 percent to 718,598 in September 2021 compared to a year ago, according to the European Automobile Manufacturers' Association, known as ACEA.
Volvo said in a statement that bottom-line net profit rose to just over seven billion kronor (700 million euros, $810 million) in three months to September, compared to 5.7 billion kronor in the same period a year earlier.
