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Tesla Inc. shares are staging a comeback as investors expect the Elon Musk-led electric carmaker to navigate the crippling semiconductor shortage better than rivals that have been severely disrupted.

TAIPEI, Taiwan — The Taiwanese company that manufactures smartphones for Apple Inc. and other global brands announced plans Oct. 18 to produce electric cars for auto brands under a similar contract model.

LONDON — Ford Motor Co. plans to spend up to $315 million to turn a transmission factory in northwest England into a plant that will make electric power units for cars and trucks sold throughout Europe.

DETROIT — Toyota plans to build a $1.29 billion factory in the U.S. to manufacture batteries for gas-electric hybrid and fully electric vehicles.

Nikola Corp. announced a collaboration with PGT Trucking Inc. that includes a letter of intent from the flatbed carrier to lease 100 Nikola Tre heavy-duty fuel cell electric vehicles following the satisfactory completion of a Nikola Tre FCEV demonstration program.

Cummins Inc. announced it will bring to market a 15-liter natural gas engine for heavy-duty trucks.

Ford Motor Co. has vacated its seat on the board of Rivian Automotive Inc. as the electric truck startup prepares to go public with an expected valuation of $80 billion.

Lucid Group Inc. said its debut battery-electric vehicle will be the first production car in the U.S. to include a purpose-built laser sensor, or lidar, enabling a broad range of advanced driver-assistance features.

Stellantis NV is seeking to retool its iconic Turin factory into an electric-vehicle hub, moving production of two Maserati luxury models to the Mirafiori plant as part of a decision that will safeguard jobs in the EV shift.

Elon Musk is pulling away from the rest of the world when it comes to personal wealth.