Edition:
United Kingdom

Ben Klayman

U.S. regulator modifies ban to allow Mahindra to sell new Roxor models in Jeep case

23 Dec 2020

DETROIT (Reuters) -A U.S. regulator ruled on Wednesday that Mahindra and Mahindra Ltd's new design for its Roxor off-road utility vehicle did not infringe the intellectual property rights of Fiat Chrysler Automobiles' Jeep brand, six months after barring the sale of older models.

Canoo reveals electric delivery van, plans for pickup, microfactories

17 Dec 2020

DETROIT Electric vehicle startup Canoo, which is going public through a reverse merger with a blank-check company, on Thursday revealed its second scheduled vehicle, a delivery van, and laid out plans to add a pickup truck and build microfactories.

Biden's expected Energy Department pick, Granholm, could lead charge on electric cars

17 Dec 2020

WASHINGTON/DETROIT When Jennifer Granholm was governor of auto-manufacturing Michigan, she led a charge that secured a whopping $1.35 billion in federal funding for companies to make electric cars and batteries in her state.

UAW agrees to independent oversight to resolve U.S. corruption inquiry

14 Dec 2020

WASHINGTON/DETROIT The U.S. Attorney's Office in Detroit said Monday the United Auto Workers (UAW) union has agreed to independent oversight to resolve a five-year federal corruption investigation that ensnared two former UAW presidents.

Electric commercial vehicle maker to go public in SPAC deal with $1.4 billion valuation

11 Dec 2020

DETROIT Electric Last Mile Solutions (ELMS) said on Friday it has agreed to go public through a reverse merger with blank-check company Forum Merger III Corp in a deal that values the U.S. electric commercial vehicle maker at $1.4 billion.

SoftBank-backed sensor maker Innoviz to go public in SPAC deal with $1.4 billion valuation

11 Dec 2020

DETROIT Innoviz Technologies, which makes sensors for self-driving vehicles and is backed by SoftBank, said on Friday it will go public through a reverse merger with blank-check company Collective Growth Corp in a deal valuing the startup at about $1.4 billion.

SoftBank-backed sensor maker Innoviz to go public in SPAC deal with $1.4 bln valuation

11 Dec 2020

DETROIT, Dec 11 Innoviz Technologies, which makes sensors for self-driving vehicles and is backed by SoftBank, said on Friday it will go public through a reverse merger with blank-check company Collective Growth Corp in a deal valuing the startup at about $1.4 billion.

GM, Nikola announce reworked agreement; Nikola shares tumble 25%

30 Nov 2020

DETROIT General Motors Co and Nikola Corp on Monday announced a reworked agreement on a fuel-cell partnership that eliminates an equity stake in the startup for the Detroit automaker as well as plans for building Nikola's electric pickup truck, sending Nikola shares tumbling almost 25%.

Ford orders 12 ultra-cold freezers to distribute COVID-19 vaccines to employees

24 Nov 2020

DETROIT Ford Motor Co said on Tuesday it has ordered a dozen ultra-cold freezers that can safely store Pfizer Inc's COVID-19 vaccine, a move aimed at ensuring the U.S. automaker's workers have access to vaccines when they are rolled out nationally.

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