43 Articles
Germany casts a wary eye toward Chinese firms owning 20% of Daimler

BAIC is buying up stock to surpass Geely's stake

Germany is closely monitoring developments at Daimler after a second Chinese company moved to take a big stake in the maker of Mercedes-Benz cars, an economy ministry official said on Thursday. Reuters reported on Sunday that Daimler's main Chinese joint venture partner BAIC planned to double its stake to around 10% in order to upstage rival Chinese automaker Geely, which owns 9.69% of the German company. "So the Economy Ministry is naturally monitoring the situation closely," the o

Lucid Motors gets $1 billion investment from Saudi Fund

Lucid 'will demonstrate the full potential of the electric connected vehicle'

Lucid "will demonstrate the full potential of the electric connected vehicle."

Moody’s downgrades Ford’s credit rating to just above junk status

It gives 'negative' outlook, cites difficulties executing restructuring plan

It gives Ford a 'negative' outlook, citing the difficulty of executing its restructuring plan.

VW reportedly backed Tesla's bid to go private

But Elon Musk was leery of ceding any control to a rival

Elon Musk was reportedly leery of ceding any control to a rival

Elon Musk trolls Warren Buffett over candy

Knocks "quaint, vestigial" investment theory, then can't let it alone

Elon Musk is taking on Warren Buffett over investment strategy. On Twitter, because of course. And it centers on candy and moats.

Elio Motors lands $2.5 million investment from Overstock.com

'ElioCoin' cryptocurrency would also fund three-wheeler's production

Troubled three-wheel car startup Elio Motors is getting a $2.5 million lifeline from online retailer Overstock.com to help it pay off debts and accounts payable and fund capital expenditures. Elio simultaneously announced plans to launch a security token offering of a "ElioCoin" cryptocurrency to help it put the vehicle into production.

Hyundai and Kia announce $3.1-billion investment in US facilities

The possibility of levies on Mexican-made products appears to have spooked many automakers.

Audi pours $28 million into Silvercar rental company

Audi is investing $28 million into Silvercar, a rental company that exclusively stocks fully loaded silver Audis at airports and cities across the United States.

GM bets $500 million on Lyft with autonomous vehicles

General Motors has announced a new partnership with Lyft that will eventually allow passengers to hail autonomous vehicles whenever they're needed.

VW slashes investments in wake of scandal

Volkswagen announces that it will cut investment next year by eight percent, or one billion euros, while it shepherds cash to pay for the diesel emissions issue.

China's BAIC looks to invest in Daimler

Reuters reports that Chinese conglomerate BAIC is in talks to take 'a major stake' in Daimler. If a deal is done, BAIC will be one of Daimler's largest shareholders.

GM earmarks $877 million for new Flint truck body shop

The Flint plant that handles assembly of the Chevy Silverado and GMC Sierra is getting an $877-million investment, primarily for a new body shop. It'll be the last part of the $5.4-billion fund announced in May.

What's the smarter investment, Ferrari stock or a Ferrari?

Ferrari is set to launch its Initial Public Offering on the stock exchange. But will the shares be able to keep up with the investment value of a classic Ferrari?

Porsche moving all Boxster/Cayman production to Zuffenhausen

As part of a new billion-euro investment plan, Porsche has undertaken to move all excess production of the Boxster and Cayman back to its principal facility at Zuffenhausen near Stuttgart, Germany.

GM injects $1.4 billion into Arlington assembly plant

The plant that produces GM's full-size SUVs in Arlington, TX, is set to receive $1.4 billion, representing the largest allocation out of the $5.4 billion the company has earmarked towards upgrading its facilities.

GM pouring $245M into Orion plant for unspecified new model

General Motors has announced a $245-million investment to prepare its Orion Assembly plant for another new model line to join the Chevy Sonic, Buick Verano, and Chevy Bolt.

GM pours $119 million, 300 jobs into Grand Rapids Operations

General Motors' engine component manufacturing facility in Grand Rapids, MI, is set to receive $119 million out of the $5.4 billion the company is investing into its facilities.

GM invests $1.2 billion to build Chevy Silverado, GMC Sierra

The next stage in GM's $5.4-billion factory renovation initiative will see it upgrade the Fort Wayne assembly plant in Indiana that handles production of the GMC Sierra and Chevy Silverado.

Aston Martin announces $306M in funding to build DBX, 'other new luxury vehicles'

Aston Martin has just obtained over $300 million for production of a DBX Concept-based crossover, courtesy of a stock issuance to its key investors.

Lincoln 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 invest

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