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The U.S. Department of Energy today announced the closing of a $2.5 billion loan to Ultium Cells LLC to help finance the construction of new lithium-ion battery cell manufacturing facilities in Ohio, Tennessee, and Michigan.

Eaton provides a case study of how traditional auto suppliers are moving to adapt to the EV era.

European engineering services provider Expleo USA Inc. is establishing its first North American research and development facility in Michigan.

Toyota Motor Corp. said today it will spend about $50 million to build a new battery laboratory at its North American R&D headquarters in York Township, Mich.

General Motors Co. today reported an improved quarterly profit on higher vehicle sales in its home North American market. The company also forecast strong results for 2023 but slightly below last year’s levels.

Ford Motor Co. said it is returning to the international Formula One race circuit starting in 2026.

Autodesk (San Rafael, CA) and Paragon D&E (Grand Rapids, MI) hosted the Smart Manufacturing Celebration, April 26-27, at the newly-expanded Paragon D&E facility in Grand Rapids, MI. Attendees heard from industry experts about disruption factors manufacturers are facing, including in the automotive and aerospace manufacturing sectors, and how manufacturers can not just survive in disruption, but thrive in it.

An interview with HOD LIPSON, co-author with Melba Kurman of the book Driverless: Intelligent Cars and the Road Ahead.  

German-based automotive supplier Bosch said today it plans to invest $664 million in its U.S. operations this year.

Lacks Enterprises, Inc. said John Kennedy and Darren R. Jackson have accepted the position of Co-Chairs of the Board of Directors, effective Jan. 1.