Auto industry 25 results

Tesla’s Model 3: Another $1.15 Billion Necessary to Bring Car to Market

Tesla is on the verge of bringing their first mass-market vehicle, the Model 3, to the public. But before plans can go ahead as scheduled, the automaker announced plans to raise another $1.15 billion. To accomplish this task, Tesla’s CEO, Elon Musk, will be selling stocks and notes valued at a little over $1 billion. Even with their growing fan base and ability to make impressive cars, Tesla ...

Lessons From Local Motors: Modern Manufacturing In Action

Local Motors might be known for their for innovative 3D printed electric car, the Strati, but there’s another aspect of the business that needs to be recognized. Founder and CEO, Jay Rogers offers a brief look at what this incredible company is up to and how they handle the complex modern business environment. Olli is the company's autonomous, electric powered bus that helped showcase their ...

Toyota and Suzuki Collaborate to Advance Automotive Technology

Popular Japanese automakers Toyota and Suzuki have started formal negotiations to form a new partnership. The two competitors have been working on the deal since October. Officially announced, the collaborative initiative will be for the advancement of ecological and safety technology. Executives from the two companies are also looking into cooperation on shared procurement and Information ...

General Motors and Honda Motor Co. Collaborative Partnership

A new collaborative effort has taken the automotive industry by storm. General Motors Co. and Honda Motor Co. took a huge step forward when it comes to developing vehicles powered by hydrogen fuel cells. This joint venture was put together to accelerate the development and implementation of these fuel cells for both companies’ vehicles. Expected to begin production in 2020, the manufacturing ...

Toyota Motor Corp. Set To Create 400 American Manufacturing Jobs

Another auto manufacturing giant invests in American manufacturing. Toyota Motor Corp. is ready to add 400 Indiana jobs with a $600 million USD investment. This is in response to President Trump's recent statements regarding automotive manufacturing in the United States. Toyota announced that it will use these funds to retool and buy new equipment for the Princeton assembly plant in southwes...

Tesla Motors Manufacturing: The Gigafactory Set To Expand

Tesla Motors continues to expand their “Gigafactory” in Nevada. Currently this expansive facility is mass producing lithium-ion battery cells which are used in Tesla’s energy storage products and the Model 3. However, the Gigafactory won't stop there. The latest announcement out of the Nevada facility shows Tesla Motors plan to begin producing the motor and gearbox for the upcoming Model 3 ...

3 Industrial Industries Ready To Be Transformed By 3D Printing

Additive manufacturing or more commonly known as 3D printing is having a huge impact on nearly every industrial sector. Businesses are excited about its potential but the technology is still in its early stages when it comes to end-use products or components. However, the industries where it is already applicable, its redefining how products are manufactured. Below, we will dive into the three ...

General Motors Invests $1 Billion to Bolster United States Manufacturing Industry

The incoming administration has been extremely outspoken about their commitment to bringing manufacturing jobs back to the United States. Manufacturers of all kinds are preparing by taking a proactive approach and investing in their US facilities. General Motors joins the growing list of American manufacturers working to bring more opportunity back within our borders. Announced on Tuesday, GM is ...

Fiat Chrysler: Deceptive Software Could Lead To Hard Time

The federal government has officially accused Fiat Chrysler of failing to disclose information on software that allowed their line of pick-ups and SUVs to cheat conditions set by the Clean Air Act. This news comes out in the wake of a nearly identical situation that occurred with automotive giant Volkswagen. The notice of violation was given to the company by the Environmental Protection ...

Volkswagen: 6 Executives Charged in Emissions Scandal

Federal Prosecutors announced on Wednesday that criminal charges have been brought up on 6 Volkswagen executives. This news follows the company’s emissions cheating scandal that had recently made headlines. This is a surprising twist for the departing administration that was considered soft on corporate crime. Of the six executives only one has been arrested at this time. Former head of ...