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

The Truth About Cars

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. General Motors recently announced a move from the Renaissance Center (RenCen), the building it purchased in 1996, to a new location at the Hudson’s Detroit building further north.

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Volkswagen’s Scout Motors breaks ground on $2 billion assembly plant

Teslarati

Volkswagen’s Scout Motors company broke ground on its $2 billion South Carolina assembly plant. Scout Motorsnew assembly is located in Blythewood, South Carolina. Scout Motors estimated its South Carolina plan could generate 4,000 jobs in the area. Scout Motors R&D Center was expected to create 200 jobs in the area.

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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. It’s been a privilege to unite car lovers in the heart of the Motor City at the Detroit Concours,” the organizers explained on the event website. Detroit is a special automotive city, full of very special car lovers.

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General Motors (GM) secures tentative deal with UAW, ending strike

Teslarati

General Motors (GM) and the United Auto Workers (UAW) union have reached a tentative agreement, ending a six-week strike that has cost the automaker billions of dollars in lost production. The deal, which must still be ratified by UAW members, is the final one to be reached between the union and the Detroit Big Three.

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General Motors beats Q3 projections, reports progress in EVs

Teslarati

General Motors ( NYSE: GM ) beat analyst expectations for the third quarter and reported what progress it made on its electric vehicle front for the three-month span. It is no secret that Q3 was rough for Detroit-based automakers, GM included. GM reported a $2.28 adjusted EPS, beating the $1.88 that Wall Street expected.

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Volkswagen’s Scout brand to invest $11M in Detroit

Teslarati

Volkswagen’s Scout Motors Inc. plans to invest $11 million in Detroit. Scout aims to build a new Research and Development (R&D) Center in suburban Detroit, which is expected to create 200 jobs in the area. Jobs at Scout’s Detroit center are expected to pay an average salary of $3,714 per week plus benefits.

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Bollinger Motors plans $44M growth alike Detroit, developing 237 jobs

Baua Electric

The post Bollinger Motors plans $44M growth alike Detroit, developing 237 jobs appeared first on Bauaelectric Auto News. The EV corporations have been amongst a bunch of mobility startups to nab cash from traders desperate to develop the then Tesla. The marketplace has since consolidated significantly.

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