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loan

Dept. of Energy to loan $2.5 billion to GM and LG...

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The Department of Energy's Advanced Technology Vehicles Manufacturing Program (ATVM) was created by Congress under the administration of former President George W. Bush and has been...

Ford reportedly laying off 8,000 employees in preparation for EV expansion...

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Ford is considering significant staff reductions as the automotive industry transitions to electric vehicles. Ford is preparing to lay off 8,000 salaried employees, or...

Michigan lawmakers grant Ford $101M incentive package to boost manufacturing and...

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Michigan state legislators approved a $101 million incentive package for Ford Motor Company for a project expected to generate 3,030 jobs and $1.16 billion...
Rivian

Rivian stock drops after report says Ford will sell shares

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Shares of Rivian Automotive dropped over 15% on Monday after CNBC’s David Faber posted on Twitter that Ford Motors is planning on using Goldman Sachs to facilitate...

U.S. government to allocate over $3 billion to EV battery manufacturing

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On Monday, U.S. government officials said that over $3 billion of last year's $1 trillion infrastructure bill would be put towards electric vehicle (EV) battery...
TraXtion

Why car dealers can’t afford to overlook tire sales – David...

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Welcome to another edition of Inside Automotive on the CBT Automotive Network. Tires are essential in everyday life, whether you're a car dealer or...
Ford

Ford takes on Tesla in race for electrified vehicle supremacy

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In what’s arguably the most anticipated EV release, Ford’s production for the electric F-150 Lightning is now underway. As the first units rolled off...

GM, Ford, and Tesla execs meet with Biden to discuss future...

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All eyes have been on EV infrastructure since Pete Buttigieg announced new fuel economy standards. Since then, senior officials within the Biden administration have met...
Honda

Honda lays out $40 billion-dollar plan for electrification

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Honda has laid out a detailed roadmap toward electrification over the next decade. From collaborations with other car companies to battery sourcing and model releases, the...
Ford

Ford to split EV and ICE businesses, aims to be a...

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On Wednesday, Ford announced plans to split its business into two units, separating the traditional internal combustion engine segment from the rising EV market....