Month: September 2021

DETROIT — Ford Motor Co., in what it says is the largest single manufacturing investment in its 118-year history, on Monday said it would spend US$7 billion and create nearly 11,000 jobs to build electric vehicles and batteries in Tennessee and Kentucky. The investment, meant to vault Ford among the leaders in EV output, will
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General Motors’ GMC brand announced a three-year partnership with the Marcus Graham Project to foster diverse leadership in advertising, media and marketing, and marks the organization’s first contractual, multi-year commitment with a brand. The financial commitment from GMC is earmarked to support the nonprofit’s annual iCR8 Boot Camp program, which trains aspiring marketers from non-traditional backgrounds.
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DETROIT — Ford Motor Co., in what it says is the largest single manufacturing investment in its 118-year history, on Monday said it would spend $7 billion and create nearly 11,000 jobs to build electric vehicles and batteries in Tennessee and Kentucky. The investment, meant to vault Ford among the leaders in EV output, will
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Canadian supplier Magna International Inc. and the University of Waterloo in Ontario announced Monday a $1.3 million ($1.6 million CAD) joint project designed to enhance the safety and cybersecurity of self-driving vehicles. Jim Quesenberry, director of research and development at Magna, said the five-year collaboration will aim to tackle some of the big issues in
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Ford has announced that it will lead America’s shift to electric vehicles with two new massive investments in the U.S. Together with its battery partner, SK Innovation, Ford will build manufacturing campuses – “mega-sites” – in Tennessee and Kentucky that will produce the next generation of electric F-Series trucks and the batteries (three gigafactories – total
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Reminiscent of the DaimlerChrysler days, Mercedes-Benz and Stellantis joined forces last week, this time in the area of battery development and production for electric vehicles. Mercedes is the latest shareholder in the battery technology company Automotive Cells Company (ACC), which was formed in 2020 by the former PSA Group (now part of Stellantis) and French
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Porsche has gone on record saying that, since the iconic flat-six in the rear is one of 911’s most important features, an electric version doesn’t really make sense. But that hasn’t stopped others from trying. Driven by Carfection’s Henry Catchpole, this video tries to determine whether Everrati, with its electric 964 restomod, is right about
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BERLIN — German automakers face possibly months of uncertainty before they know the direction the country’s new government will take on the auto industry. Olaf Scholz of the center-left Social Democrats (SPD) defeated Chancellor Angela Merkel’s conservatives in an extremely tight German general election on Sunday. The result will likely result in months of negotiations
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Suburban Detroit’s experimentation with an outdoor automotive festival showed plenty of promise for next year and beyond, but it also served as a reminder why auto shows traditionally have been held in climate-controlled convention halls. Bad weather forced organizers to cancel one of two media and industry days at Motor Bella, the enthusiast-geared car event
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The largest proxy advisory firm is recommending Tesla Inc. investors reject two board members who are standing for re-election: James Murdoch and Elon Musk’s younger brother, Kimbal Musk. “Votes against directors James Murdoch and Kimbal Musk are warranted due to concerns regarding excessive compensation to named executive officers and to non-executive directors,” Institutional Shareholder Services
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6:07 PM ET Associated Press LONG BEACH, Calif. — Smooth and steady, same as he’s been all season, Alex Palou cruised to his first IndyCar championship with an easy Sunday drive at the Grand Prix of Long Beach. The 24-year-old became the first Spaniard to win the IndyCar championship and pulled it off in just
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