SPA, Belgium – Following hot on the heels of the Mustang GT3 reveal at Le Mans on Friday, June 9, Ford today announces that the new Mustang GT4 will be revealed at 14:00 CET on Wednesday, June 28, 2023, at the iconic Spa-Francorchamps Circuit in Belgium. Based on the Dark Horse version of the new, […]
FORT WAYNE, Ind. — General Motors Co. (NYSE: GM) announced today plans to invest $632 million in Fort Wayne Assembly to prepare the plant for production of the next-generation internal combustion engine (ICE) full-size light-duty trucks. This investment will enable the company to strengthen its industry-leading full-size truck business. Product details and timing related to […]
AUSTIN, Texas AND DETROIT – Energy Exploration Technologies Inc. (“EnergyX”) and General Motors Co. (NYSE: GM) today announced that GM Ventures is leading a $50 million Series B financing round in EnergyX, and has entered into a strategic agreement to develop EnergyX’s lithium extraction and refinery technology. The collaboration is focused on unlocking the North […]
Los Angeles, Calif. – Before getting behind the wheel for the first time, many of today’s drivers found their love for cars at an early age with electric remote controlled, or RC, cars. Today, MINI USA looks to bring back that playful, childhood element to full-sized electric vehicles, many of which are expected at the […]
CHATTANOOGA, Tenn., — Volkswagen of America (VWoA) today marked the start of production of its all-electric ID.4 compact SUV in Chattanooga, Tenn., the company’s first electric vehicle assembled in the United States. The ID.4 is Volkswagen Group’s most popular all-electric model, with 190,000 units delivered to customers globally since its launch in 2021. Volkswagen aims […]
SEOUL, South Korea and BRYAN COUNTY, Ga., May 20, 2022 — Hyundai Motor Group (the Group) today announced it has entered into an agreement with the State of Georgia to build its first dedicated full electric vehicle and battery manufacturing facilities in the U.S. The Group’s U.S. investment decision will support its goal of becoming […]
AUGUSTA, Ga., — Club Car today announced the signing of a definitive agreement to acquire Garia A/S (“Garia”), a Denmark-based manufacturer of electric low-speed vehicles for the utility, consumer and golf markets, from Lars Larsen Group. Financial terms were not disclosed. The transaction is expected to close in the second quarter. Garia, founded in 2005, […]
JERUSALEM, March 11, 2022 — Chery and Haier set up a joint venture – Anhui Haixingyun Iot Technology Co., Ltd. The joint venture will use the COSMOPlat of Haier to build the first mass customization industrial Internet platform in China’s automobile industry and jointly build a new Internet ecosystem for the automobile industry. The establishment […]
Spartanburg, S.C. BMW Manufacturing announced today that it will expand its logistics operations to a new building being developed across Interstate 85 from the plant. The facility, located off Freeman Farm Road, is being constructed by Becknell Industrial. Total investment in the project is approximately $100 million. When completed, the new logistics center will be […]
Mountain View, Calif- Nov. 8, 2021 … As the first automaker to collaborate with dairy farms on renewable energy projects, BMW of North America and California Bioenergy (CalBio) today announced an expanded partnership to include Bar 20 Dairy, a farm based in Kerman, CA. The collaboration aims to power EVs in California with clean energy, […]
