Things To Do In SW Florida

Bollinger Motors Inc. aims to invest $44 million at its Detroit area manufacturing plant and headquarters in an expansion that would create 237 jobs.

The homegrown electric truck startup, bought by Mullen Automotive Inc. last year, is preparing to launch production of its first vehicle, a Class 4 EV, in the first half of next year, according to a briefing memo from the Michigan Economic Development Corp.

The board of the MEDC’s funding arm, the Michigan Strategic Fund, on Tuesday approved a $3 million performance-based grant for the project, which the MEDC said would offset the additional cost of expanding in Michigan versus a competing site in Indiana.

The jobs are expected to pay an average of $55.37 per hour plus benefits. The company presently employs 55 in Michigan. Bollinger will also team with Michigan Works to recruit local talent in disadvantaged areas, the memo said.

Bollinger has identified a third-party assembly manufacturer in Livonia, Mich., to manage production of its vehicles, but the name of the company was not disclosed. read more

Asbury Automotive Group Inc.’s net income declined 2.5 percent and its revenue was down 5.3 percent during a second quarter that drew from fewer locations than a year earlier.

Elon Musk plans to ask the U.S. Supreme Court to consider whether the Securities and Exchange Commission overstepped its authority in enforcing a consent decree that he has called a “muzzle” on his free speech.

The automaker announced the next-generation product just three months after saying the current model would be discontinued at the end of 2023. It’s unclear when the new Bolt will launch or where it will be built.