Majority of industrial waste is exported, primarily to China. Commodities are then extracted there and sold back to U.S. entities at market rates Go to Source
Author: Detroit News Online
Ford-backed self-driving startup Argo AI mulling IPO this year
Argo AI, the self-driving startup backed by Ford Motor Co. and Volkswagen AG, is considering going public Go to Source
CEO of Google’s self-driving car spinoff steps down from job
The executive who steered the transformation of Google’s self-driving car project into a separate company worth billions of dollars is stepping down Go to Source
GMC unveils 2024 Hummer EV SUV
Detroit — GMC virtually revealed the 2024 Hummer EV SUV on Saturday, another option in parent General Motors Co.’s electric lineup intended to help the automaker position itself as a leading EV maker. The utility vehicle version of the all-electric Hummer debuted during a commercial film that ran during NCAA’s Final Four. The commercial is narrated by LeBron James, who also helped… Continue reading GMC unveils 2024 Hummer EV SUV
Tesla 1Q sales of 185K more than double last year’s numbers
Detroit — Tesla says it delivered nearly 185,000 electric vehicles in the first quarter despite a shortage of computer chips that has hit the global auto industry. The number was more than double the deliveries for the same period last year. And it beat Wall Street estimates of 168,000 for January through March. The company… Continue reading Tesla 1Q sales of 185K more than double last year’s numbers
Ford CEO Jim Farley received $11.8 million in compensation in 2020
Ford Motor Co. CEO Jim Farley received $11.8 million in total compensation in 2020, the automaker reported in a Securities and Exchange Commission filing Thursday. That’s pro-rated to include the time he spent as president of new business, technology and strategy through the end of February, COO through the end of September, and as CEO beginning in October, when he took over… Continue reading Ford CEO Jim Farley received $11.8 million in compensation in 2020
Volkswagen apologizes for ‘Voltswagen’ April Fools’ marketing stunt
Volkswagen AG on Wednesday apologized for its announcement that it was renaming its U.S. operations “Voltswagen” — a marketing stunt that fooled some investors, analysts and journalists and sent shares up almost 9% on Tuesday. The German automaker’s stock closed down Wednesday, declining more than 3.6%. VW’s securities had been the hottest auto stock this month… Continue reading Volkswagen apologizes for ‘Voltswagen’ April Fools’ marketing stunt
Mercedes-Benz to start electric van production in US in 2023
The commercial-van unit of Daimler AG will build the next-generation eSprinter at its plant north of Charleston, South Carolina Go to Source
Payne: Lexus LF-Z concept signals measured electrification strategy
The vehicle is the first from Lexus on a dedicated battery platform, but Toyota’s luxury brand plans a more diverse approach than going all-electric Go to Source
Ford receives 125K Bronco orders, but some customers may be waiting longer than expected
Some 125,000 customers have placed orders for Ford Motor Co.’s highly-anticipated Bronco SUV, the automaker reported Thursday — but some will be waiting longer than expected for their vehicle to arrive. Ford reached out to customers and dealers Thursday to report that an issue sourcing certain roofs that are options on the Bronco will last… Continue reading Ford receives 125K Bronco orders, but some customers may be waiting longer than expected