Remove Auto Remove Corporation Remove Detroit Remove Financing
article thumbnail

GM plans Detroit EV portions bank in former AMC Development

Baua Electric

The development venture is being aided via about $32 million in tax increment financing from the town and $5.1 The automaker’s passion within the 50-acre website used to be first reported via Crain’s Detroit Industry terminating September. The Detroit bank additionally represents a selection of the Moroun logistics empire.

Detroit 52
article thumbnail

Robotic Tire Changing Business Goes Bust

The Truth About Cars

A Detroit-based startup hoping to normalize robotic tire changes has filed for bankruptcy, perhaps offering hope to all the humans worried that they're about to be displaced by automation. RoboTire, which launched in 2019, had stated its intention to speed up vehicle maintenance for auto repair shops, fleet operators and dealerships.

Detroit 111
article thumbnail

GM Reaches Agreement with China-based Pacific Century Motors on the Sale of Nexteer Automotive

Green Car Congress

The sale of Nexteer to PCM supports our objective to focus on our core auto business and is the final step in our efforts to position Nexteer as an independent supplier. The sale better enables Nexteer to take advantage of anticipated growth in the global auto industry with a variety of automakers.

GM 186
article thumbnail

The Six People You Meet In the Car Business

The Truth About Cars

Having worked for car dealerships, manufacturers, an auction house, and an auto finance company, I’m convinced there is no other industry that attracts& such a diverse cast of characters. Let’s use one group as an example: an anonymous dealer group that sells& autos all over the& nation. This can lead to problems.

Dealers 98
article thumbnail

UAW Announces Another Strike Expansion

The Truth About Cars

The United Auto Workers (UAW) has decided to broaden its strike on Friday. By incorporating all three Detroit automakers, something previous eras of union leadership opted against, the UAW is also hoping to play them off each other as contract negotiations continue.&

Chicago 111
article thumbnail

Column: Providers want to benefit from the sunshine moment it lasts

Baua Electric

Providers want to produce hay moment the solar glimmers — that’s what Michael Robinet, the guide and government director with S&P World Mobility, mentioned closing year on an Car Information LinkedIn Are living chat in regards to the myriad demanding situations going through auto-parts makers. And understand that EV revolution?

Solar 52
article thumbnail

Stellantis, LG Power enforcing ‘contingency plans’ for EV battery plant in Canada

Baua Electric

billion) from LG Power and undercover contributions from federal and provincial governments, as the biggest ever within the Canadian auto sector. A spokesperson for Champagne stated on Friday that the “auto industry is crucial to the Canadian economy and to the hundreds of thousands of Canadian workers.” billion ($1.1

Canada 52