Washington — The Supreme Court on Monday turned away appeals from Volkswagen that sought to stop state and local lawsuits related to the 2015 scandal in which the automaker was found to have rigged its vehicles to cheat U.S. diesel emissions tests. The court’s action allows suits by Ohio, Salt Lake County, Utah, and the… Continue reading VW loses bid to stop state, local suits over emissions scandal
Author: Detroit News Online
Michigan seen among options for Rivian battery plant
Fresh off a $12 billion initial public offering, Rivian Automotive Inc. is investing in a dizzying array of expansion projects, pursuing a site for a stand-alone battery factory in addition to new vehicle-assembly plants already planned. Among the states seen as a possibility is Michigan. The to-do list for the electric-vehicle maker will be funded… Continue reading Michigan seen among options for Rivian battery plant
Toyota adding hybrid powertrain production line in West Virginia
Buffalo, W.Va. — Toyota Motor Corp. announced Thursday it will add a production line dedicated to hybrid powertrains at its West Virginia facility in a $240 million investment. The announcement comes nine months after the Japanese automaker said it would invest $210 million at the plant in Buffalo, West Virginia, and add 100 new jobs… Continue reading Toyota adding hybrid powertrain production line in West Virginia
EV startup Rivian Automotive debuts on stock market, spelling likely windfall for Ford
Electric vehicle maker Rivian Automotive Inc., a partner of Ford Motor Co., made its stock market debut Wednesday in what was expected to be one of the largest-ever initial public offerings. The California-based company, which recently became the first automaker to bring an electric pickup to market with the launch of its R1T truck, on Tuesday priced its… Continue reading EV startup Rivian Automotive debuts on stock market, spelling likely windfall for Ford
EV maker Rivian is guiding IPO price above top of marketed range
Electric truck-maker Rivian Automotive Inc. is guiding potential investors that its initial public offering is likely to price above the top of its marketed range, according to people with knowledge of the matter. Rivian is offering 135 million shares for $72 to $74 each in its listing, which could be the seventh biggest U.S. IPO… Continue reading EV maker Rivian is guiding IPO price above top of marketed range
VW considers new electric car factory in Germany to counter Tesla
Volkswagen AG may build a new electric car factory near its global headquarters to make a new model code-named “Trinity” designed to close the technology gap to Tesla Inc. and challenge traditional rivals with highly automated driving features. A new plant making about 250,000 cars annually close to the main factory in Wolfsburg would be… Continue reading VW considers new electric car factory in Germany to counter Tesla
Ford debuts ‘green bonds’ amid shift to electric vehicles
Ford Motor Co. for the first time is selling bonds aimed at benefiting the environment, part of the automaker’s transition to electric vehicles. The Dearborn-based company is marketing “green bonds” expected to mature in 10 years, according to a person with knowledge of the matter. Early pricing discussions anticipate a yield in the 3.625% area… Continue reading Ford debuts ‘green bonds’ amid shift to electric vehicles
Bolt owners receiving battery replacements ‘grateful,’ others wait anxiously
This content is only available to subscribers. $1 for 6 Months Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The e-Edition, a digital replica of the print paper, every day. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on topics that interest you most. Exclusive… Continue reading Bolt owners receiving battery replacements ‘grateful,’ others wait anxiously
Blast at Chrysler plant in Windsor an ‘intentional act,’ police say
Police are calling an explosion Thursday evening at the Chrysler minivan plant in Windsor, Ontario, an “intentional act” and are asking members of the public for any information they may have. No injuries were reported after the explosion at 5:45 p.m. in a vacant second-floor storage area on the west side of the plant, and there was… Continue reading Blast at Chrysler plant in Windsor an ‘intentional act,’ police say
Ford worker dies in workplace accident at Ohio engine plant
An employee at Ford Motor Co.’s Lima Engine Plant in Ohio died Wednesday in a workplace accident, the Dearborn automaker and the United Auto Workers confirmed Thursday. “We are saddened that a Lima Engine Plant employee died last night as a result of injuries sustained in a workplace accident,” Ford spokesperson Kelli Felker said in… Continue reading Ford worker dies in workplace accident at Ohio engine plant