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EV maker Via Motors plans HQ move to Michigan

Electric vehicle manufacturer Via Motors is looking to pull up its Utah roots for a new headquarters in suburban Detroit, where it would invest $12.4 million and create 300 jobs. The company is planning to open a 100,000-square-foot office…

Magna’s $530 million expansion plan in Michigan

Magna Powertrain of America Inc. said it will invest $96.2 million into a leased 200,000-square-foot plant, according to the memo, which did not disclose the project address. The company would manufacture internal components for EV battery…

Bosch expands U.S. factory to produce more e-motors

CHARLESTON, S.C. — German supplier Robert Bosch said Tuesday that it will spend more than $260 million to expand production of electric motors at its plant here. The plant just this month began producing e-motors, which are critical parts…

Hyundai to launch $5.5 billion U.S. EV plant

SAVANNAH, Georgia - Hyundai Motor Co will break ground on a $5.54 billion electric vehicle (EV) and battery plant in the United States on Tuesday, as South Korea's biggest automaker grapples with an uncertain outlook for its EV sales in…

EV demand needs major boost from U.S. mining

"What will China's response be to defend market share? That's where questions get much more difficult," he said.He pointed to tungsten as an example. More than four-fifths of the world's tungsten comes from China, he said. The country…

U.S. mining needs fast launch to meet EV demand

"What will China's response be to defend market share? That's where questions get much more difficult," he said.He pointed to tungsten as an example. More than four-fifths of the world's tungsten comes from China, he said. The country…

Electric Last Mile plant sold to Mullen

The former Hummer plant in northern Indiana is now on its fourth owner in five years, a stretch in which it has gotten $20 million worth of upgrades but failed to produce the jobs and vehicles its purported saviors have promised. The…

Kia Niro EV gets price cut for top-end trim

The entry trim, called the Wind, is priced at $40,745. It sits between the previous generation's base Niro EV S ($40,385) and mid-level Niro EV EX ($41,285). The lack of a price increase, given many automakers are hiking EV MSRP's, will…

GM gives Honda a leg up on EVs

American Honda Motor Co. has two electric vehicles on the horizon: the Honda Prologue and the Acura ZDX. Both are co-developed with General Motors and will use the Detroit automaker's new flexible and scalable electric architecture powered…

Geely’s Li weighs bigger Aston Martin stake

Chinese billionaire Li Shufu is considering boosting his stake in Aston Martin over time to foster collaboration with the struggling luxury carmaker, according to people familiar with the matter. Li, whose Zhejiang Geely Holding Group…

Porsche is still talking to teams about F1 entry

LONDON -- Porsche is still talking with teams about entering Formula One after discussions with championship leaders Red Bull broke down, the governing FIA said. Porsche and Red Bull had been discussing a partnership for months but talks…

Geely’s Li mulls bigger Aston Martin stake

Chinese billionaire Li Shufu is considering boosting his stake in Aston Martin over time to foster collaboration with the struggling luxury carmaker, according to people familiar with the matter. Li, whose Zhejiang Geely Holding Group…

BMW joins the EV frenzy with $1.7B U.S. investment

GREER, S.C. — BMW is upgrading the jewel in its global manufacturing crown to position the 7-million-square-foot crossover factory for the electric era. On Wednesday, the German performance brand announced a $1.7 billion investment to…

Porsche 911 gets a touring variant

Porsche is adding a touring variant to the 911 lineup. The 2023 911 Carrera T, where the T stands for "touring," will slot between the 911 Carrera and 911 Carrera S.It adopts the twin-turbo six-cylinder engine from the 911 Carrera that…