Manufacturing
GM to build Nikola Badger, supply batteries, hydrogen fuel cells
The automaker will take an 11% stake in the electric vehicle startup in return for resources.
Category: Economy
Manufacturing
Cutting tool orders improve in May
June and July production numbers aren't in yet, but other economic indicators point to a strong recovery from April's lows.
Vehicle Tech
Canoo to go public through reverse merger with $2.4 billion valuation
Subscription-only automaker joins several EV producers opting for quick public offerings.
Industry
California agrees to emissions deals with automakers
Deals come despite Trump administration efforts to eliminate state’s rule-making authority.
Manufacturing
Lordstown Motors to go public with $1.5 billion valuation
Reverse merger will generate $675 million to retool Ohio plant for Endurance pickup launch.
Manufacturing
Ford earns $1.1 billion in Q2, GM loses $800 million
Gain for Ford comes from Volkswagen investment in self-driving car initiative.
Manufacturing
GM earns $300 million in Q1, sets May 18 plant restart date
Earnings fall sharply but remain positive, unlike the nearly $2 billion losses for Ford and Fiat Chyrsler.
Manufacturing
Ford loses $2 billion in Q1, projects $5 billion loss in Q2
Auto sales have evaporated and costs have grown as the auto industry struggles to deal with COVID-19.
Manufacturing
Ford to produce respirators in Michigan, expands medical supply efforts
Automaker plans to produce facemasks, COVID-19 test collection kits, hospital gowns for medical professionals, internal use.
Manufacturing
Updates: Auto sales fall, Nissan, Volkswagen extend shutdowns
With potential car buyers being told to shelter in place, the retail market shuts down.
Vehicle Tech
Detroit’s North American International Auto Show cancelled
City’s TCF Center to be converted into COVID-19 field hospital, Chicago’s McCormick Center, New York’s Javits Center as well.
Manufacturing
Trump orders GM to make ventilators hours after automaker announced plans to do so
Automaker is moving from supporting existing medical device production to making ventilators in Indiana.