21 Articles
1 / 1
33Lincoln trumpets $129M investment, 300 new jobs in Louisville for MKC

Remember when we used to talk about how close Lincoln was to being axed and how it seemed any day now the Grim Reaper would use it as a car service back to the grave? Last time we did it was, oh, not even a month ago. What a difference 27 days makes: Ford and Lincoln are trumpeting a $129M investment in the Louisville Assembly Plant that builds the MKC.

4Mercedes increases stake in Aston Martin

As part of an increasingly close partnership, Mercedes-Benz parent company Daimler is reportedly preparing to increase its stake in Aston Martin by another one percent, bringing the German automaker's shares in the British company up to five percent.

7Audi investing $30.3 billion through 2018 for product expansion

How does Audi plan to reach two million units in annual sales and pay for the 11 new models it's adding to its lineup – an expansion that may include models named SQ2, Q9 and F-Tron? By increasing its investment to 22 billion euros ($30.3 billion US) between now and 2018. That figure represents an increase of about 500 million euros over the previously planned outlay, according to a report by Automotive News, and that could be due to Audi wishing to goad the momentum that pushed it to 1.5

8Investing in blue-chip classic cars has been lucrative this decade

There's always a financial risk with investing in collectibles – and that includes cars. They must be maintained and stored, which costs more money, and ultimately sold (they're investments, right?). On top of that, if they're driven, they can be damaged or just lose value with more miles. But lately, the rate of return from investing in some collectibles – particularly classic cars – has been much higher than that of traditional investments, The Economist reports.

4China continues foreign automotive investment incentives after all

China has reversed a policy that would have nixed incentives for investments from foreign automakers, paving the way for further expansion by General Motors, Volkswagen and others. Legislators had removed automotive manufacturing from the list of industries that would receive government support in the future, but foreign investment fell off significantly in April. The country's National Development and Reform Commission responded by not only reinstating foreign automotive investment but by givin

48Opel getting 5.2 billion dollar investment from GM

Never fear, Opel fans. General Motors isn't sending the brand out to pasture. The European automaker is set to receive a massive $5.2 billion investment from GM between now and 2016 as part of a larger effort to solidify Opel as GM's design and manufacturing backbone in Europe. Opel plans to return to profitability by the middle of this decade under its DRIVE!2022 business plan, and the cash infusion from GM should help make that projection a reality. Even so, it may be some time before Opel is

5Amp gets $7.5 million in private-equity funding from Kodiak Capital

California dreamin'? Well, for Ohio-based Amp Electric Vehicles, wishes for some much-needed funding came true courtesy of one Golden State private-equity firm. Amp has announced it has received a $7.5 million investment from Orange County, CA-based Kodiak Capital Group. The funds will allow Amp to further expand its EV-fleet production.

8Canada lagging behind U.S. auto recovery

The Detroit Three are in much better financial shape than three years ago. General Motors and Ford are now profitable, and Chrysler appears poised to begin making real money soon. That success has lead to plans to spend billions of dollars on North American plants, but Automotive News reports that our friends to the north aren't seeing much of the money.

29Fisker investors file lawsuit over possible preferred stock scam

What's even slicker than a Fisker Karma? Fraudsters.

7Battery maker EnerDel under fire over Think claims

When electric vehicle maker Think filed for bankruptcy last spring, it owed millions of dollars to EnerDel subsidiary Ener1. Ener1 was also a major investor in Think and a lot of the company's worth was tied up with the Norwegian EV maker. Any way you slice it, Think's failure put Ener1 in a bind. They were unable to collect on their debts, and their investments were suddenly worthless. Just recently, Ener1 was forced to restate their losses in 2010 from $69 million all the way up to $165 millio

2VW to invest $85 billion by 2016 to increase production, develop advanced technologies

Volkswagen AG says it will invest €62 billion ($85.5 billion U.S. at the current exchange rate) in innovation and technology projects, primarily in Germany, within five years as it eyes becoming the world's leading automaker.

2GM to invest $28.4 million in Powertrain Engineering Center in Torino

General Motors says it will invest €20 million ($28.4 million U.S. at the current exchange rate) at its Powertrain Engineering Center in Torino, Italy. This investment comes on top of the €30 million ($42.6 million U.S.) that GM spent to establish the center back in 2005.

14Google's investment in Transphorm could give electric cars more range

Compared to gas and diesel vehicles, electric cars are incredibly efficient. It's a good thing too, since their batteries hold only a small fraction of the energy in a typical gas tank. As with most any technology, though, there is always room to boost efficiency. This is where start-up Transphorm comes in, and perhaps in a big way. Why? Because Transphorm just secured $20 million from backers Google Ventures, Kleiner Perkins Caulfield & Byers, Foundation Capital and Lux Capital. The company

3CODA Automotive raises $25 million in latest funding round

Coda EV Sedan – Click above for high-res image gallery

5Hyundai investing $3.3 billion in green technologies by 2013

Hyundai Avante LPI Hybrid - Click for high-res image gallery

34REPORT: VW chooses Mexican plant for new compact sedan

Volkswagen Jetta 2.5 Special Edition - Click above for hi-res image gallery

19REPORT: Toyota bankrolling $500 million into Indiana plant; no comment on NUMMI

The world's biggest automaker has confirmed that it is investing 44.9 billion yen (or about $467.2 million at current exchange rates) to upgrade its Indiana plant. Toyota Motor Corp. will reportedly spend the next three months retooling in order to build its Sequoia and Highlander SUVs on the same line (last year, the automaker canceled plans to manufacture the Highlander in a new plant slated for Mississippi).

12Qatar pondering taking stake in Porsche?

The worst secret in the universe is that there's a lot of money in the Middle East and the Gulf states are looking all over the world for places to put it. Abu Dhabi's Aabar investment spent €1.95 billion on a 9.1% stake in Daimler (around $2.5B USD), and now the state of Qatar is eying what could be a double-digit stake in Porsche. Qatar hasn't floated any potential investment sums, but said one sheikh, "we are looking into this issue."

1 / 1