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Ford Motor Co. said today its fourth-quarter loss widened while adding it plans to increase its investment in electric vehicles.

Dedicated in-house labs create and optimize laser welding processes for electric motors and batteries.

Challenged by an increasingly niche-oriented automotive market, The Chrysler Group (Auburn Hills, MI) must increase the number of models it offers while decreasing its capital investment. The company plans to offer 50% more models in 2009 compared to 2004, according to John Felice, VP of manufacturing, technology and global enterprise for Chrysler.

A 1965 Shelby Cobra 427 shown at the Detroit Auto Show was additively manufactured on a Cincinnati BAAMCI machine by DOE’s Oak Ridge National Laboratory (ORNL), one of seven founding members of the Institute for Advanced Composites Manufacturing Innovation. The Detroit IACMI branch will get $70 million to develop a robust supply chain to improve materials, handling, and machining properties for automotive composites.

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.

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

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.

The auto industry will confront various challenges this year as automakers expand investment in electric vehicles and move on from the COVID-19 pandemic, speakers at a Federal Reserve Bank of Chicago conference said today.

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.