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Top News Stories

Electric Vehicles · Indiana

Stellantis, Samsung SDI to build $2.5 bln Indiana JV battery plant

58% Center coverage: 26 sources
Michigan Economic Development Corp. CEO Quentin Messer says Michigan is still "competing aggressively" to win future investments. Stellantis and Samsung said they were signing a memorandum of understanding to form a joint venture for lithium ion battery production in North America. Messer: "Michigan's pipeline remains strong and we remain laser-focused ..."See the Story
Business · Detroit

Ford to pay U.S. states $19.2 mln over false advertising claims

74% Center coverage: 23 sources
Ford Motor Co (F.N) will pay $19.2 million to resolve allegations it falsely advertised real-world fuel economy and payload capacity. The multi-state settlement covers 2013-2014 C-Max hybrids and 2011-2014 Super Duty pickups. Ford did not admit wrongdoing as part of the settlement.See the Story
Politics · Washington

Senate confirms Steven Cliff to lead highway safety agency

75% Center coverage: 12 sources
President Joe Biden's pick to run the agency was confirmed by consent without objections or a formal roll call vote. Cliff takes over the road safety agency at a critical time, about a week after it estimated that nearly 43,000 people were killed on U.S. roads last year.See the Story
Twitter

U.S. SEC looking into Musk's Twitter stake purchase

34% Center coverage: 6 sources
The U.S. Securities and Exchange Commission is looking into Tesla Chief Executive Officer Elon Musk's disclosure of his stake in Twitter Inc. in early April. The SEC sent a letter to the parties in April, according to a letter sent to Musk and Twitter in April.See the Story
Auto

Toyota cuts June output plan again, to 800,000 vehicles

71% Center coverage: 7 sources
Toyota on Friday cut its global production plan for June for the second time this week. The reduction by Toyota is broadly seen as a bellwether for Japan Inc. Comes a day after data showed car sales in China, Europe and the United States remain weak. This could be due to a conflict with your ad-blocking or security software.See the Story
Auto

Rivian manufacturing chief departs in management shuffle, reorganization

100% Center coverage: 3 sources
Rivian Automotive Inc. is shuffling its executive ranks in an effort to help the Amazon.com-backed company overcome growing pains. The automaker is parting ways with its head of manufacturing, Charly Mwangi. The reorganization calls for splitting the commercial business, which includes delivery vans made for Amazon, from the retail side.See the Story
Auto

Electric Last Mile expects to run out of cash in June

100% Center coverage: 1 sources
The Michigan EV startup says it is 'actively pursuing potential sources of liquidity' to bolster its finances.See the Story
Auto

Lamborghini Countach

100% Center coverage: 1 sources
The brand revealed in August its plan to build 112 Countach LPI 800-4 supercars.STAGE:Lamborghini CountachSee the Story
Auto

LFP batteries offer cheaper alternative with less range

100% Center coverage: 1 sources
Most EVs have nickel manganese cobalt batteries, but lithium iron phosphate, known as LFP, batteries provide a cheaper alternative, although they trade some range.See the Story

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