Michigan, after missing out on Ford plants, enacts $1.5 billion economic development ‘toolkit'
Several auto industry projects are in the pipeline for Michigan. One likely candidate is a massive General Motors battery plant near Lansing, Mich.
EV maker Nikola agrees to pay $125M to settle SEC charges of defrauding investors
EV maker Nikola has agreed to pay $125M to settle charges of defrauding and misleading investors.
KPMG raises specter of used-car price drop
KPMG warned that used-vehicle prices could fall abruptly and raise negative-equity issues once new-vehicle supply rebounds.
Toyota to start hardware, software update service in Japan
The service will offer new safety features, refreshed interiors, and software upgrades to car computer systems.
Geely, Renault plan JV targeting hybrids, report says
The joint venture could export Geely’s Lynk cars built at Renault’s plant in Korea to the U.S., Reuters sources said.