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Ford disputes the April 2024 trial verdict finding the automaker liable for negligence after injuries were sustained by the owner of a 1998 Ford Expedition.

Ineos has 18 U.S. dealerships and a pair of stores in Canada. The upstart automaker is looking to add to its dealership count in 2024.

Lithia, AutoNation and Group 1 said they are facing disruptions but took immediate steps to minimize the impact once they were notified. They said their dealerships are conducting business as usual.

Electric vehicle battery startup Our Next Energy has entered a strategic partnership with Foxconn to keep the financially struggling startup afloat.

Our Next Energy recently told employees about the partnership with the Taiwan-headquartered manufacturing giant, sources close to the situation told Crain’s Detroit Business. Employees were told the partnership is aimed at accelerating the scaling of the U.S. battery industry and making Our Next Energy and Foxconn major players in it.

The deal involves Foxconn infusing cash and taking an ownership stake in the company, but it is not an acquisition, nor does it represent a change of control for the startup, one of the sources said. Further details of the structure are still being worked out.

An Our Next Energy spokesman declined to comment on “rumors or speculation” but provided a statement in response to an inquiry about the deal.

“As part of Our Next Energy’s efforts to build an American battery industry, the company engages with several potential partners on an ongoing basis to build a battery cell factory in Michigan and accelerate the country’s transition to electrification,” the company said in the statement. “Due to the confidential nature of these discussions, ONE does not comment on rumors or speculation about any potential partners.” read more

EY identified three key value pools to maximize future revenue for a “transitioning” automotive industry.