GM Pumping $46 Million Into Parma, Ohio Stamping Ops as Car Production Ramps Up
5 Nov 2021, 09:06 UTC · By: Daniel Patrascu / American carmaker GM announced a $46 million investment for upgrades in its Parma, Ohio plant, meant to upgrade the hardware for future products
Best U.S. Bargain Imports For 2022: Classic Land Rover Defender
2 Nov 2021, 09:19 UTC · By: Andrew Nabors / Come along with us as we look at the best cars & trucks from 1997 that you can import in 2022. Let's start with the classic Land Rover Defender
Porsche Ventures Invests in Virtual Influencer and Digital Ecosystem Provider
18 Oct 2021, 12:00 UTC · By: Sebastian Toma / Porsche's venture capital spinoff, Porsche Ventures, has announced its investment in iMaker, a provider of virtual influencers and digital ecosystems
Pagani's New Investors Could Open Door to New Powertrain Tech
23 Aug 2021, 13:36 UTC · By: Sebastian Toma / Saudi Arabia's investment fund bought thirty percent of Pagani stock, but refrained to say how much did the pay and what are their plans with it.
TVR Griffith Still in the Works, Company Needs $32 Million to Get it Done
16 Jul 2021, 07:28 UTC · By: Sebastian Toma / TVR still needs about $30 Million to get the Griffith ready for production. Company officials say it could be a hybrid or an EV if market demands it
BMW i Ventures Has $300 Million More to Invest, Get Your Projects Ready
1 Jul 2021, 08:45 UTC · By: Daniel Patrascu / BMW's investment arm i Ventures announced the creation of a new $300 million venture capital fund dedicated to sustainability, transportation, and manufacturing
David Beckham Buys Into Lunaz and Its EV Conversion Plans for Garbage Trucks
3 Jun 2021, 14:43 UTC · By: Aurel Niculescu / The legendary English footballer is now investing into electric vehicles, snatching a 10% stake in Lunaz, a British EV conversion specialist with big plans
Ford and BMW Are Now Partners in Chasing Solid-State Batteries
3 May 2021, 14:27 UTC · By: Daniel Patrascu / Ford and BMW become equal equity owners in Solid Power, a company in the business of manufacturing solid state batteries for electric vehicles
Ford Will Have an EV-Exclusive Passenger Car Range by 2030, But Only in Europe
17 Feb 2021, 12:26 UTC · By: Aurel Niculescu / That means nameplates such as the Fiesta, Focus, Mondeo, S-Max or Galaxy will lose their internal combustion engines; the commercial vehicle range is next
GM Needs a Lot of 10-Speed Transmissions, Invests $100 Million in 2 More Plants
13 Feb 2021, 09:45 UTC · By: Daniel Patrascu / GM investing a total of $100 million in the Romulus, Michigan and Bedford, Indiana facilities to increase production for 10-speed transmissions
GM Pumping $75 Million in Plant That Makes 10-Speed Automatic Transmissions
7 Feb 2021, 09:25 UTC · By: Daniel Patrascu / General Motors announced a $75 million investment in the Toledo, Ohio plant to increase production of the 10-speed automatic transmission
Ford Prepares to Cope With Increased Demand for Global Version of 2023 Ranger
2 Feb 2021, 12:18 UTC · By: Aurel Niculescu / The U.S. automaker has announced an investment of more than one billion dollars in South African manufacturing operations, it's mostly focused on the Ranger
Need for More Big Engines Makes GM Invest Millions in New York Facility
15 Dec 2020, 14:50 UTC · By: Daniel Patrascu / GM to invest $70 million into its Tonawanda, New York engine plant to meet "strong customer and dealer demand for GM’s Chevrolet Silverado and GMC Sierra"
Rivian Raises Whopping $2.5 Billion in Latest Investment Round
10 Jul 2020, 16:34 UTC · By: Alex Oagana / The electric car-making start-up has been keeping under the radar in the past few months, but has managed to raise over $5 billion since its inception
You Can Own a Share of a Ferrari F12tdf With Digital Tokens
3 Feb 2020, 17:07 UTC · By: Alex Oagana / Two European companies have unveiled an investment platform that aims to offers tokens backed by various luxury cars, starting with a Ferrari F12tdf
General Motors Teases and Confirms “Variety of All-Electric Trucks”
27 Jan 2020, 16:56 UTC · By: Mircea Panait / Late 2021 for the 2022 model year. That's when General Motors plans to enter the light-duty electric pickup truck segment with not one, but multiple nameplates
Rivian Raises $1.3 Billion Investment to Grow Business
26 Dec 2019, 17:09 UTC · By: Mircea Panait / After four rounds of investment, Rivian has raised $2.85 billion over the course of 2019. It takes a lot of money to go from startup to automaker, alright
General Motors Announces U.S. Manufacturing Investment for 2023 Colorado, Canyon
16 Dec 2019, 14:42 UTC · By: Mircea Panait / Both the Colorado and Canyon are up for a ground-up redesign, expected to come in 2023 on the 31XX-2 vehicle architecture
Boeing Buys into Virgin Galactic with $20 Million Investment
8 Oct 2019, 15:01 UTC · By: Daniel Patrascu / Airplane manufacturer and NASA partner Boeing is investing $20 million in Richard Branson's space company, Virgin Galactic
GM Opens New Flint Facility, Adds 800 More Jobs to the Area
6 Aug 2019, 08:05 UTC · By: Daniel Patrascu / GM says the unit and its 800 new employees should be able to package as many as 120 million service parts a year, a lot more than before