Michigan’s economic development officials asked lawmakers to allot the money to buy land, upgrade infrastructure and do other work in support of Ford Motor Co.’s new EV battery factory in Marshall.
The move comes seven months after delegates supporting establishment candidates rejected a raise in strike pay to $500 per week on the last day of the union’s constitutional convention, undoing a victory for reform-minded delegates from earlier in the convention.
Adjusted operating income from North America surged 23 percent to $14.8 billion for the second year since the merger of Fiat Chrysler Automobiles and PSA Group.
The number of U.S. franchised dealerships rose slightly in 2022, marking the second straight year of increases, according to an Urban Science report.
Supplier Forvia has bold plans for hydrogen growth in North America as it weans itself from internal combustion.
The freshened M models will debut at the Amelia Island Concours d’Elegance in March with deliveries starting this summer.
CEO Jim Farley and CFO John Lawler are among those receiving 90 percent of their bonus target, while other salaried employees will get 148 percent.
Virginia’s bill language includes a provision that prohibits automakers from unilaterally changing franchise agreements without also getting an agreement from the dealer.
The expansion, set to add around 1,000 new jobs in San Luis Potosi, is BMW’s latest push into electric vehicles as it looks to convert more than half of its sales into all-electric cars by 2030.
Stellantis, Ford, GM and Mercedes-Benz dealerships sold in fourth-quarter transactions across Montana, Missouri, New Jersey and Michigan.