Tesla will build its newest Gigafactory near Austin, Texas, Chief Executive Elon Musk announced during the company’s earnings call on Wednesday. The area takes up about 2,000 acres and will be roughly 15 minutes from downtown Austin, [...]
Oxis Energy will collaborate with Texas Aircraft to develop an all-electric version of its light sport Colt S-LSA aircraft, the two companies announced this week. The aircraft, to be manufactured in Brazil, will be [...]
Nikola Corp. broke ground Thursday on a new electric-truck factory in Arizona it hopes to open next year, but first the startup needs to figure out a way to pay for the 1 million square-foot [...]
A German auto parts manufacturer will build a plant in Whitfield County in an $85 million investment. The family-owned GEDIA Automotive Group says that the facility will bring 200 jobs to the greater Dalton [...]
HUNTSVILLE, Alabama — Toyota Alabama announced todady that it achieved two significant milestones this month as part of an ongoing expansion, a $288 million project originally announced in March 2019. ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ The milestones include the start [...]
Ford Motor Co on Thursday said new staffing restrictions imposed on plants producing car parts in the Mexican state of Chihuahua were "not sustainable," the latest sign U.S. automakers are still reeling from coronavirus [...]
As shares of electric truck maker Nikola Motor Co. surged at its IPO last month and cemented 38-year-old founder Trevor Milton as the industry’s newest billionaire, Robert “R.J.” Scaringe was quietly raising $2.5 billion in fresh financing for [...]
Electric truck-maker Rivian, which is building its trucks in Normal, Illinois, said it raised $2.5 billion in financing. The financing round was led by by T. Rowe Price Associates, Inc. with participation from Soros [...]
BEIJING (Reuters) - Volkswagen AG (VOWG_p.DE) and its Chinese joint venture partner SAIC Motor (600104.SS) plan to invest 4.13 billion yuan ($590 million) to revamp their car plants in Shanghai to make new Audi [...]
The first two jets will be delivered to the Air Force next year. Boeing said the Air Force could order as many as 144 jets, which would make the contract worth $23B ST. LOUIS [...]
