A coordinator will do anything, from ensuring a customer knows how to use their new vehicle’s technology to helping answer insurance and other general questions.
The tariff rate on electric vehicles is expected to quadruple from roughly 25 percent to 100 percent, The Wall Street Journal reported Friday, citing people familiar with the plans.
Potentially carcinogenic chemicals used to meet auto safety regulators’ flammability standards were present in essentially all vehicles tested in a study from the Green Science Policy Institute and Duke University.
The UAW has been outraged over multiple rounds of layoffs since ratifying a new contract with Stellantis that the workers thought would improve their lives.
Electric vehicle battery startup Our Next Energy Inc. hired a Chicago financial consultant specializing in distressed businesses in its quest to rebound from a failed Series C fundraising round.
The suburban Detroit battery manufacturer tapped Birch Lake Partners, a merchant bank known for its work with struggling startups, two sources with knowledge of the matter told Crain’s Detroit Business, an affiliate of Automotive News. The bank was brought on as a financial adviser but not an investor, one of the sources said.
Our Next Energy told Crain’s in a statement that its fundraising pursuit “remains a critical part” of its “efforts to build an American battery company.”
“As part of these efforts, the company has worked with several investment consultants since ONE was founded in 2020,” Our Next Energy said. “These consultants help the company identify the best path forward for securing the necessary support to fully fund our business plan, build a battery cell factory in Michigan and accelerate the country’s transition to electrification.”