
Amerit Fleet Solutions closed a minority investment from Element Fleet Management Corp., which will expand its maintenance services for customers of the fleet management company.
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Ford Motor Co. has established a new self-driving-vehicle business unit, and will invest $4 billion through 2023 to better organize and accelerate its efforts to commercialize autonomous vehicles, Ford has announced.
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In 2015, FDG Electric Vehicles received permits from China’s National Development and Reform Commission to manufacture battery-electric vehicles.
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Denso has invested $190 million in its Athens, Tennessee, facility to expand the supplier’s operations in North America.
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Chinese auto manufacturer Geely Holding has purchased a $9 billion stake in Daimler AG, making it the largest investor in the German automaker, according to a report in Bloomberg.
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Ford will invest $11 billion in vehicle electrification, and plans to expand its current electrified vehicle portfolio to a total of 40 vehicles.
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Toyota and Mazda have selected Huntsville, Ala., as the site for their joint-venture manufacturing plant, which represents $1.6 billion investment that Mazda and Toyota plan to make with equal funding contribution.
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Automile has developed a vehicle tracker that allows customers to collect data on mileage, trips, and routes.
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The expansion is aimed toward increasing production of the Ranger Raptor pickup truck, which the Silverton plant manufactures alongside the Everest SUV.
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The plant is a $1.6 billion investment, with equal funding contributions between both parties. The estimated annual production capacity of the plant is approximately 300,000 units. The plant is also predicted to create an estimated 4,000 jobs.
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