Toyota and Microsoft Develop Services to "Humanize the Driving Experience"
5 Apr 2016, 21:15 UTC · By: Vlad Mitrache / We've always imagined robots as bipeds, but it's becoming more and more obvious that the first real AIs are going to have four wheels
Tesla Competitor Startup Claims to Invest $1 Billion in New EV Factory
6 Nov 2015, 13:11 UTC · By: Ionut Ungureanu / Not everyday does the automotive industry hear of a new company that is willing to invest $1 billion into a new manufacturing plant
Toyota Will Invest $1 Billion in the R&D of Artificial Intelligence
6 Nov 2015, 10:04 UTC · By: Ionut Ungureanu / What Toyota has announced today could be the beginning of a new age in what is the industry as a whole concerned. A great focus goes on AI
Mercedes-Benz Announces $1.3 Billion Investment in Alabama Plant
22 Sep 2015, 18:33 UTC · By: Gabriel Nica / $1.3 billion investment in Tuscaloosa, Alabama plant announced by Mercedes-Benz, to improve production process
Sterling Stamping Plant Receives $166 Million Investment to Meet Increased Demand
10 Jul 2015, 15:58 UTC · By: Mircea Panait / FCA US LLC confirmed today that it is investing more than $166 million in three new press lines at its Sterling Stamping Plant in Michigan
GM Orion Assembly Plant Receives $245 Million for Mystery Vehicle Program
23 Jun 2015, 12:47 UTC · By: Mircea Panait / General Motors Orion Assembly is currently producing the Chevrolet Sonic and Buick Verano. In the future, the Chevrolet Bolt and a mystery car will be made here
GM Invests $1.2 Billion in the Fort Wayne Assembly Plant
27 May 2015, 13:59 UTC · By: Mircea Panait / General Motors is investing $1.2 billion in its full-size pickup truck plant for upgrades and technology that will improve the plant’s competitiveness
Daimler to Invest Over €700 Million In Bremen Plant For Two New Models, Report Says
22 May 2015, 14:42 UTC · By: Tudor Rus / Good sales performances last year and an attempt to lunch a dozen models until 2020 are the reasons Daimler will upgrade its Bremen plant
BMW Officially Confirms $1 Billion Investment in New Plant in Mexico
4 Jul 2014, 08:03 UTC · By: Gabriel Nica / BMW officially confirmed and signed a deal with the Mexican government yesterday, pending a $1 Billion investment in the North American country for a new plant. The location chosen was the state of ...
Audi Announces Record €22 Billion Investment Through 2018
27 Dec 2013, 11:06 UTC · By: Mihnea Radu / It seems the holidays have put Audi in the spending mood, as the German automaker from Ingolstadt announced today that it will invest €22 billion between 2014 and 2018. About 70% of the money w...
GM to Invest $1.3 Billion in US Plant Upgrades
17 Dec 2013, 10:20 UTC · By: Ciprian Florea / General Motors will invest nearly $1.3 billion in five manufacturing facilities across the United States, the Detroit-based automaker announced today. The investments will fund production of a ne...
Daimler Trucks to Invest Another EUR 300 Million in Brazil
28 Oct 2013, 16:28 UTC · By: Alex Oagana / Apart from the EUR 170 million which Daimler AG will invest into a Brazilian assembly plant for the Mercedes-Benz GLA and the upcoming C-Class W205, the truck part of the German car giant just annou...
Honda To Invest $215 Million in Ohio Operations
9 Aug 2013, 11:33 UTC · By: Ciprian Florea / Japanese automaker Honda has announced plans to invest about $215 million in its Ohio operations. The new investment will help the company add new powertrain technologies and a technical training ce...
GM Invests $167 Million in Spring Hill Plant for New Vehicles
7 Aug 2013, 08:36 UTC · By: Ciprian Florea / General Motors has announced a new investment of $167 million at its Spring Hill assembly plant in Tennessee. The new spending will further support a future mid-size vehicle program, already funded ...
GM Investing $325 Million to Build EV Parts in Michigan
24 Oct 2011, 17:13 UTC · By: Mihnea Radu / General Motors has announced late last week that it plans to invest $325 million in tools and equipment to support production of future electric vehicle components for future models. A clear timelin...
Volkswagen Group Reveals Massive Five-Year Investment Plan
16 Sep 2011, 12:03 UTC · By: Mihnea Radu / Volkswagen, Europe’s largest automaker has announced a massive €62.4 billion investment plan for the next five years, as they will focus on bringing new cars, more environmentally friendl...
Brazilian Suppliers Not Interested in Raising Investments
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / A recently-conducted survey revealed that Brazilian auto suppliers are not willing to increase the value of their initial investments scheduled for 2009, especially due to the instability shown by t...
GM, GMAC Receive Money from US Treasury
21 Nov 2012, 14:06 UTC · By: Bogdan Popa / The United States Treasury Department today announced that it decided to pay nearly $5 billion for senior preferred equity, including an 8 percent dividend, from GMAC LLC, the financial division joi...
Warren Buffet's Bid for BYD
21 Nov 2012, 14:06 UTC · By: Alex Oagana / The “Oracle of Omaha”, known as an investor, businessman, philanthropist and most notably the richest man in the world according to Forbes, Warren Buffet, has agreed to buy a reasonable ...
Tesla Gets $40 Million Helping Hand
21 Nov 2012, 14:06 UTC · By: Dragos Rusu / A friend in need is a friend indeed goes a saying and Tesla finds out for itself just how important friends are in a market economy and during an economic crisis. On paper, the Tesla Roadster was a ...