Toyota earmarks $391 million for next era of Texas pickup production
The automaker is pushing ahead with plans to boost efficiencies to produce the midsize Tacoma and full-size Tundra, which are moving onto a common platform, with an investment at a pickup plant near San Antonio.
EPA to unveil plan to strip California’s authority on car emissions, report says
The EPA intends to announce Wednesday that it will revoke the so-called waiver underpinning California’s power to set vehicle greenhouse gas standards, people familiar with the matter told Bloomberg.
GM strike triggers economic impact warnings
Fitch Ratings said a short-term strike is not a credit risk, but a prolonged stoppage "could result in liquidity erosion" to the tune of a few billion dollars of cash burn. No deal was reached after negotiations Tuesday but talks are expected to resume Wednesday, according to a person familiar with the matter.
Ford updates plan for overhauling HQ campus
The project modifies a 2016 master plan to account for the subsequent purchase and renovation of Michigan Central Station in Detroit's Corktown neighborhood for a mobility hub.
Fair readies for expansion with $500M credit deal
The revolving-credit facility is expected to help the company grow a partnership with Uber that helps drivers access vehicles that come ready for ride-hailing operations.
Veoneer wins thermal camera production deal for self-driving car
The Swedish supplier said the contract was with an unidentified "world-leading" automaker and is likely the first time a thermal camera will be used as a sensor on a self-driving car.
Ford in talks with VW to develop second EV in Europe, paper says
Ford of Europe President Stuart Rowley told the German newspaper Handelsblatt that a decision about whether to build a second model with VW could happen soon.
Fresh $120M funding deal helps TuSimple keep on trucking
The new capital will allow the self-driving truck company to continue developing its technology and expand routes.
EVs, batteries could draw bulk of $7B GM pledge to UAW
New electric vehicles, an all-electric pickup truck and an advanced battery system could draw much of the $7 billion that GM has pledged to invest in the U.S.
House panel launches ethics probe of DOT chief Chao
The panel has asked Chao, who oversees NHTSA, to provide communications between her or other DOT officials and employees of the Foremost Group, a shipping company founded by her father.