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BMW i Ventures announces a strategic investment in Caroobi, a leading European online repair shop for cars.
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Ford will invest $1 billion in Pittsburgh-based Argo AI, a startup focusing on artificial intelligence, to develop a software platform for a fully autonomous vehicle it plans to make available for ride hailing in 2021.
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Fiat Chrysler Automobiles (FCA) will invest $74.7 million to retool the north plant of its Trenton Engine Complex in Michigan for production of its next generation four-cylinder engine.
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General Motors will invest $127.4 million for powertrain and structural components to support the creation of new aluminum engine blocks and other parts at its Bedford Casting Operations, GM has announced.
Read More →WARREN, MI - General Motors announced it will invest $130 million to build an enterprise data center at its Technical Center campus in Warren, Mich., which is expected to be completed in 2015.
Read More →ROCHESTER, NY - General Motors announced April 12 it will invest $100 million to purchase tooling and equipment to make future automotive components at its GM Components Holdings (GMCH) Rochester Operations.
Read More →AUBURN HILL, MI - Chrysler Group LLC confirmed it is looking to invest another $85 million in its Kokomo Transmission Plant (KTP) for a variety of powertrain improvements, bringing its total investment in U.S. facilities to more than $3 billion since June 2009.
Read More →DETROIT - General Motors announced a $163.2-million investment in its operations in Flint and Bay City, Mich., and Defiance, Ohio, to support engine production for the Chevrolet Volt, Chevrolet Cruze, and a new Chevrolet small car to be built in the United States.
Read More →KOKOMO, IN - Chrysler Group LLC confirmed Nov. 23 that it is looking to invest $843 million into the company's existing transmission manufacturing facilities in Kokomo, Ind., to accommodate production of a new advanced front-wheel drive (FWD) automatic transmission for future Chrysler Group vehicles.
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