EV truck maker Nikola to buy battery supplier Romeo Power

Nikola has agreed to buy battery supplier Romeo Power for about $144 million in stock, in a move designed to help jumpstart its efforts to make battery packs.

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Israeli startup REE touts new electric delivery van as customer demonstrations begin

Israeli startup and diversified manufacturer began hosting customers for live demonstrations of its new Proxima proof-of-concept electric delivery van.

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Aston Martin sees its finances improving

Aston Martin expects to sell more cars in the second half following a ramp up in production of its more profitable models that include the DBX707, and the V-12 Vantage sports car.

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With EVs, ‘threat of shock is very real'

More EVs on the road mean more will be needing service and maintenance from dealerships. Manufacturers are ramping up safety training for technicians before they are allowed to work on the vehicles.

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At public retailers, inventory still hasn't turned a corner

Although all six major public franchised retailers in late July reported that new-vehicle days' supply level improved between the end of March and the end of June, company leaders said they believe the constrained inventory situation has yet to turn a corner toward lasting recovery.

 

 

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As chip shortage lingers, billions spent to boost capacity

In response to a catastrophic worldwide chip shortage that has knocked 13 million vehicles out of production since early 2021, chip producers and governments are pledging unprecedented sums of money into boosting semiconductor capacity. And that’s just the start. 

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Fanuc plots $86 million campus expansion in suburban Detroit

The pace of automation accelerated during the COVID-19 pandemic as more manufacturers in Michigan and around the world looked to robots to fill the void left by the labor shortage.

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