Oct 5, 2023 | Batteries, Electric Vehicles
Michigan will see about $3 billion in investment from LG Energy Solution after the South Korean company and Toyota announced a partnership to ramp up battery production for electric vehicles. Specifically, the company will invest in its LG Energy Solution Michigan...
Oct 5, 2023 | Detroit, Unions, US Economy
Ford Motor Company announced about 400 workers in Metro Detroit have been laid off as a result of the United Auto Workers strike. The automaker says 350 workers at the Livonia Transmission Plant and 50 workers at the Sterling Axle Plant have been instructed...
Oct 5, 2023 | Auto Industry, Detroit, Featured, Unions, US Economy
General Motors secured a new $6 billion line of credit as the automaker braces for additional strikes by the United Auto Workers union. “The facility that we announced today is a $6 billion line of credit that I think is prudent in light of some of the messages...
Oct 5, 2023 | China, Electric Vehicles, Europe, Featured
The European Union said Wednesday that it had “sufficient evidence” of illegal Chinese electric car subsidies as it officially launched an inquiry that has enraged Beijing. European Commission President Ursula von der Leyen raised hackles in China when she...
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