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Hagerty Canceling Detroit Concours d'Elegance for 2024

The Truth About Cars

The annual Detroit Concours d'Elegance is being canceled this year so Hagerty can reassess the event. While the company has stated that it remains committed to the Concours, the messaging was mixed enough to leave doubts about whether there will actually be another one. Thanks for riding with us. John's in Plymouth in 2011.

Detroit 105
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General Motors to Move from Long-Running Detroit HQ Into a New Location Across Town

The Truth About Cars

Automakers have an impact on industries that reach far beyond cars and drivers. Real estate is one area where the sector has a significant footprint, and one of the industry’s biggest names is making waves in Detroit’s downtown. GM owns five of the seven RenCen towers, and its absence will open quite a vacancy in the complex.

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Michigan, Cavnue to create corridor for connected and autonomous vehicles between Ann Arbor and Detroit

Green Car Congress

This public-private partnership will explore the opportunity and viability of this project working with state and local partners, stakeholders, and communities across the corridor from Detroit to Ann Arbor. This includes leading test tracks, universities, automotive companies, and key economic anchors.

Michigan 221
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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. We are immensely proud to receive this backing from our investors and know this is just the first turn down a long road to success for our company."

Detroit 111
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Hercules EV opens $20M Series A round; targeting electric pickup in late 2022; Prieto solid-state batteries

Green Car Congress

Hercules Electric Vehicles—a Detroit-based startup—is opening a $20-million Series A investment round managed by CMD Global Partners, a boutique investment bank. Hercules is developing an all-electric sport pickup truck, the Hercules Alpha, which will be available in late 2022.

Li-ion 365
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Ford cutting F-150 Lightning production workforce by two-thirds

Teslarati

Ford is cutting its F-150 Lightning production workforce by two-thirds as the company continues to try and ramp manufacturing of electric vehicles and work toward profitability. The Michigan Assembly plant is getting a third shift as Ford continues to lean on gas vehicle sales to bolster its finances.

F-150 128
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Report: Suppliers Asking Automakers for Pricing Concessions Over UAW Strike

The Truth About Cars

Ramifications from the UAW's strike against Detroit automakers was always going to reverberate throughout the industry and suppliers are asking for some concessions. While the biggest companies seem to love consolidation, it’s not really benefiting anyone when the foundation of an industry’s ecosystem is crumbling.

Price 110