General Motors Co.’s quarterly profit plunged as the novel coronavirus (COVID-19) pared demand and caused the automaker to close factories.
Auto suppliers regroup to position themselves for the future in the wake of myriad disruptions.
The auto industry moves to an EV future while grappling with a problem-filled present.
Large-scale operational transitions can emulate loss to employees who are comfortable with existing systems.
European engineering services provider Expleo USA Inc. is establishing its first North American research and development facility in Michigan.
Toyota Motor Corp. said today it will spend about $50 million to build a new battery laboratory at its North American R&D headquarters in York Township, Mich.
Ford Motor Co. said it is returning to the international Formula One race circuit starting in 2026.
General Motors Co. today reported an improved quarterly profit on higher vehicle sales in its home North American market. The company also forecast strong results for 2023 but slightly below last year’s levels.
The auto industry will confront various challenges this year as automakers expand investment in electric vehicles and move on from the COVID-19 pandemic, speakers at a Federal Reserve Bank of Chicago conference said today.
The U.S. Department of Energy today announced the closing of a $2.5 billion loan to Ultium Cells LLC to help finance the construction of new lithium-ion battery cell manufacturing facilities in Ohio, Tennessee, and Michigan.