The US Department of Energy today announced the closing of a $2.5 billion loan to help finance the construction of three new lithium-ion battery cell manufacturing facilities—including a factory in Lansing that'll employ an estimated 1,700 people and lead to more than 2,000 new construction jobs.
Michigan automakers have figured out that new models can make a bigger splash when they're unveiled to a digital audience on a day where they don't have to share the spotlight with their rivals. Not to mention that making a debut at an auto show can be hugely expensive.
Thundering gas-powered muscle cars, for decades a fixture of both American and Michigan culture, will be closing in on their final Saturday-night cruises in the coming years as automakers begin replacing them with super-fast cars that run on batteries.
DETROIT (AP) — US new vehicle sales tumbled more than 21% in the second quarter compared with a year ago as the global semiconductor shortage continued to cause production problems for the industry.Yet demand still outstripped supply from April through June, even with $5 per gallon gasoline, high inflation and rising interest rates. The low...
“Michigan was a natural choice to our commitment of building an impactful global business because of its rich pool of talent, being close to the geographic epicenter of the automotive industry and its strong support."