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Automakers

The billionaire aiming to reshape auto production

Arrival Van.jpg
Arrival has an order for 10,000 electric delivery vans from UPS, with an option for another 10,000. (Arrival handout via REUTERS)
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By:
Bloomberg
December 16, 2020 01:02 PM

Russian-born entrepreneur Denis Sverdlov wants to revolutionize automaking, replacing Henry Ford's century-old conveyor-belt assembly lines with tiny factories that cost far less.

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GM
GM to invest $4 billion in 3 U.S. factories to build gasoline, electric vehicles

The automaker did not break out the amount to be invested in each plant, but said June 10 the dollars will go to Orion Assembly in Michigan, Fairfax Assembly in Kansas and Spring Hill Manufacturing in Tennessee.

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By:
Lindsay VanHulle
GM to invest $4 billion in 3 U.S. factories to build gasoline, electric vehicles
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Auto loan late payments at record high for Q1; costs of car ownership blamed
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Jeep
Next-gen Jeep Cherokee interior seen for first time
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By:
Vince Bond Jr.
Next-gen Jeep Cherokee interior seen for first time
Suppliers
Nissan, Stellantis supplier Marelli to seek Chapter 11 bankruptcy protection to restructure under new owners, report says
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By:
Bloomberg News
Nissan, Stellantis supplier Marelli to seek Chapter 11 bankruptcy protection to restructure under new owners, report says

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