DETROIT – The State of Michigan is teaming up with Ford, Bedrock and Bosch to launch the nation’s first-of-its-kind, real-world test site for emerging parking technology – called the Detroit Smart Parking Lab. The lab opens in September, allowing mobility and smart infrastructure pioneers and real-estate innovators and startups to test parking-related mobility, logistics and
SOUTHFIELD—Lear Corp. reported net income of $175.2 million or $2.89 a share in the fiscal quarter ended July 3, compared to a loss of $293.9 million or $4.89 a share in the same quarter a year earlier. Revenue was $4.76 billion, up from $2.44 billion a year earlier. For the six months, net income was
LONDON, England - European consumers are increasingly turning to electric vehicles as focus turns to the industry. Several initiatives from governments are inspiring the demand from consumers. According to data acquired by Finbold, the demand for new passenger battery electric (all-electric) vehicles across Europe surged 231.58% between Q2 2020 and Q2 2021, from 63,422 to
BLOOMFIELD HILLS—Ready to buy a used car entirely online? Bloomfield Hills-based Penske Automotive Group Inc. (NYSE: PAG) and Atlanta-based Cox Automotive Inc. are ready to sell you one that way. Officials at the two companies have announced the launch of CarShop, a fully automated technology platform to enable the online retail sale of used vehicles.
SOUTHFIELD - The SME Education Foundation will receive $6 million from the state of Michigan as part of the approved School Aid Fund Budget (PA 48 of 2021) crafted with bipartisan support from the Michigan Legislature. The award will double the number of schools participating in the unique manufacturer and educator partnership-driven SME PRIME initiative, which offers
ANN ARBOR - Kathryn Snorrason, managing director for Office of Future Mobility and Electrification at the Michigan Economic Development Corp., updates Motor Bella, a competition for mobility startups. Deadline to apply is Aug. 15. Those companies selected will appear Sept. 21-26 at the M1 Concourse in Pontiac. .M1 is an “87- acre playground for auto
TROY—Officials at electric vehicle maker Electric Last Mile Solutions Inc. announced that the company has signed a binding, long-term supply agreement with Liuzhou Wuling Automobile Industry Co. Ltd., a Chinese manufacturer of electric cargo vans and light duty specialty vehicles. Under the agreement, ELMS will have long-term access to EV component systems and parts from
DETROIT - Stellantis announced Thursday that it would begin production on a battery-electric version of its popular pickup, one of its most profitable and important vehicles, in 2024. Mike Koval Jr., Ram brand CEO, pledged that the "class-shattering" pickup would surpass the offerings of the brand's competitors, namely the electric versions of the Ford F-150 and the
DETROIT - A Ford F-150 Hybrid can charge electric cars that have run out of juice. Really. "Instead of using a tow truck to haul an electric car to a charger, why not just bring the charger directly to the car?" Mike Levine, Ford North America product communications manager, told the Free Press on Friday. "As long as
DETROIT - General Motors and a Shell-owned power company will unveiled a partnership aimed at providing renewable electricity to Texas customers and free overnight charging to state residents who own GM electric cars. Why it matters: It’s a new way for two corporate giants to expand their operations in a way that lowers emissions at the customer
