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Hyundai Motor Group announced a significant increase in investment to $26 billion in the United States, which is expected to create 25,000 jobs in various areas.
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A new report by MHI and Deloitte found that hiring and retaining qualified workers (57%) and the talent shortage (56%) have been the top supply chain challenges.
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Rivian has closed an investment round of $1.3 billion, the fourth investment the battery-electric truck and SUV startup will receive in 2019.
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Ford Motor Co. will invest more than $1.45 billion at its Michigan plants to support its next-generation Ranger midsize pickup, 2020 Bronco SUV, electrified F-150s, and other upcoming vehicles.
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Geotab will begin providing funding to early-stage companies with smart cities and transportation solutions under its Torque Labs accelerator program launched in late September.
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Battery-electric truck and SUV startup Rivian has added a third, large investor this year with a $350 million stake from Cox Automotive, the company announced today.
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The investment by IAC makes the media and internet conglomerate the largest shareholder in the peer-to-peer rental company.
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The peer-to-peer classic car rental brand placed vehicles at 2019 Coachella Music Festival events produced by UGG, Neutrogena, and YSL Beauté. The company also announces it is accepting investments through SeedInvest.
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Ford Motor Co. is investing $500 million in Rivian and will use its "skateboard" platform for a new battery-electric vehicle to bring expanded electrification to its lineup.
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Toyota Motor Corp. will increase its planned investment in its U.S. operations to $13 billion from $10 billion by 2021 to build more of its models and parts at its U.S. facilities, the company announced.
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