1 dead in shooting at Forvia plant near Detroit
A 40-year-old man was transported to a hospital and pronounced dead, police said. A 29-year-old suspect was apprehended at the scene.
Canada's Lion Electric looks to raise $50M from stock offering
The Montreal company said the stock offering will help fund an expansion that will focus on factories in Joliet, Ill., and Mirabel, Quebec. Lion Electric manufactures electric buses and medium-size urban cargo trucks.
Fed downshifts to half-point hike, sees 5.1% rate next year
Fed Chair Jerome Powell previously signaled plans to moderate hikes, while emphasizing that the pace of tightening is less significant than the peak and the duration of rates at a high level.
Renamed, reengineered Audi Q8 E-tron gets a big range boost
The renamed Audi Q8 E-tron began salable production Wednesday at its home plant in Brussels. Better engineering and battery construction have boosted the crossover’s range up to 600 kilometers under the European testing cycle, Audi says.
Mahindra to invest $1.2 billion in new EV plant
Indian automaker Mahindra and Mahindra Ltd. said it would invest 100 billion rupees ($1.21 billion) to set up an electric vehicle (EV) manufacturing plant near the western city of Pune.