The so-called BT1 electric truck/SUV program is the centerpiece of a planned $3 billion investment in the Detroit-Hamtramck plant to make electric trucks and vans, and part of a broader $7.7 billion investment in GM's U.S. plants over the next four years.
Continue Reading the above article 'Hummer could be part of GM's move into EV trucks, ...
The justices said they will hear an appeal from Seila Law, a law firm being investigated by the CFPB over its sales pitches to indebted consumers. The firm is trying to derail the probe by arguing that the bureau was set up in violation of the constitutional separation of powers.
Continue Reading the above article 'U.S. Supreme Court takes up challenge to consumer ...
Evans, responsible for a series of aggressive initiatives, will pursue a new business opportunity, the company said Friday. COO Brian Smith will fill in on an interim basis.
Continue Reading the above article 'Hyundai U.S. marketing chief Dean Evans to depart...
In addition to its lost production, Nemak said the strike could ultimately cost the company $8 million to $12 million.
Continue Reading the above article 'GM strike dings supplier Nemak in Q3...
The supplier estimates lost sales from the ongoing GM strike to be $7 million to $8 million per week.
Continue Reading the above article 'Gentex Q3 net income up slightly, full-year revenu...
Michigan Gov. Gretchen Whitmer said GM has been "mulling over what it would take" to retool the 34-year-old Detroit-Hamtramck plant. The governor said she's open to tax incentives for GM to retool the plant if it produces "jobs and real investment in this state."
Continue Reading the above article 'Mich., Tenn. governors urge UAW members to ratify ...
The seating supplier said all non-plant, salaried employees in the U.S. will not be working or receive pay for the weeks of Thanksgiving, Nov. 25-29, and New Year's, Dec. 30-Jan. 3.
Continue Reading the above article 'Adient to furlough 1,300 corporate employees durin...
Under the plan proposed by Chicago Mayor Lori Lightfoot, the cost of hailing an Uber or Lyft will rise as much as $2.28 a trip above what's now paid in city taxes.
Continue Reading the above article 'Uber, Lyft face possible $40 million-a-year tax hi...
Gary Allgeier, 53, was called a "titan of automotive finance" by his boss. Bob MacKenzie, 61, oversaw four dealerships with Ford, Honda and Fiat Chrysler franchises.
Continue Reading the above article 'Michigan dealership group mourns loss of 2 leaders...
Porsche and Tesla are battling to establish supremacy in lap times for four-door electric sports cars, but comparisons are not exact.
Continue Reading the above article 'Tesla's Nürburgring run revs up debate over speed...