DETROIT - These days, billion-dollar plants to make the massive batteries that power electric vehicles are announced so often that — even if you follow the auto industry — it's hard to keep track of them all. Did you hear about the one from KORE Power in Arizona? Samsung and Stellantis in Indiana? The Chinese project
DEARBORN - Ford's big venture into autonomous vehicles cost it a whopping $2.7 billion write-off. GM isn't showing any signs of slowing its pursuits. Over the past few years, unmistakable buzz has surrounded autonomous vehicle technology as start-ups and major manufacturers are both battling to be king of a new frontier. However, with Ford Motor Company's
DETROIT - The Chevy Bolt is already a great enough deal to get our Electrek Vehicle of the Year award, but after the US Treasury delayed its guidance on battery sourcing requirements, that deal might be even better – but only for the next couple of months. At $25,600 MSRP for a base model Chevy Bolt, it’s already
GRAND RAPIDS - Tier 1 automotive supplier Lear Corp. plans a $112.5 million expansion at three facilities in southeastern Michigan and Traverse City to support the manufacturer’s ongoing growth in the electric vehicle market. The Southfield-based company, which specializes in seating and electrical systems, plans a new 120,000-square-foot facility in Independence Township in Oakland County. The
WASHINGTON, D.C. — DOE Gives $2.5 Billion Loan To Help Finance EV Battery Plants In Michigan, Ohio And Tennessee. Ultium Cells, a joint venture between General Motors and LG Energy Solution, will manage battery cell production at the three facilities to address the growing U.S. consumer demand for electric vehicles. The project is expected to
NEW YORK - A half century later, humans are finally returning to the Moon. At least, that’s the plan. The soon-to-be-completed Artemis 1 mission has kicked off our lunar reconciliation, and the upcoming Peregrine 1 mission could mark the first vehicle to touch down on the Moon since the Apollo program. Things will look a lot
GLASGOW, Scotland - The Munro Mk 1 is an all-electric off-road vehicle, designed and built in Glasgow, Scotland, and built to handle a tough life as a working vehicle on farms, in quarries or anywhere where strong off-road credentials or serious pulling power are required. Launched this week at an event in Edinburgh, the Mk
DETROIT - Toyota Motor is not giving up on its flagship Prius hybrid anytime soon, despite investing billions in all-electric vehicles amid criticism it hasn’t moved fast enough into the emerging segment. The automaker late Tuesday revealed new versions of the Prius hybrid and Prius Prime, a plug-in hybrid electric vehicle. Both are considered “electrified” vehicles
LONDON, UK - Hydrogen fuel cell cars emerged as an alternative to both the electric and combustion engine vehicle in the early 2000s. They were widely considered an avenue towards universal green motoring. Powered through a chemical reaction between hydrogen and oxygen, the only tailpipe emission they produce is water. The technology also promised a
SOUTHFIELD—Lear Corp. announced the acquisition of Novi-based InTouch Automation, a supplier of Industry 4.0 technologies and complex automated testing equipment critical in the production of automotive seats. Terms were not disclosed. InTouch’s product portfolio fits with Lear’s Industry 4.0 strategy of implementing technologies designed to automate the testing and validation of components and finished seats.
