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 "will demonstrate the full potential of the electric connected vehicle."
It gives Ford a 'negative' outlook, citing the difficulty of executing its restructuring plan.
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.
The possibility of levies on Mexican-made products appears to have spooked many automakers.
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.
General Motors has announced a new partnership with Lyft that will eventually allow passengers to hail autonomous vehicles whenever they're needed.
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.
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?
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.
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.
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.
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.
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 has just obtained over $300 million for production of a DBX Concept-based crossover, courtesy of a stock issuance to its key investors.
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