Toyota Motor Corp is rebranding its corporate investment arm as Toyota Ventures and adding two early-stage funds, including one focused on investing in startups developing solutions for climate change and carbon neutrality.
DETROIT Auto data startup Wejo, backed by General Motors Co, will go public through a reverse merger with blank-check company Virtuoso Acquisition Corp in a deal that values the British company at $800 million including debt, the companies said on Friday.
DETROIT, May 28 Auto data startup Wejo on Friday
will announce plans to go public through a reverse merger with
blank-check company Virtuoso Acquisition Corp in a deal
that values the British company at $800 million including debt,
people familiar with the plans said.
DETROIT Ford Motor Co will announce on Wednesday that it is developing two dedicated all-electric vehicle platforms, one for full-size trucks and SUVs, the other for cars and smaller SUVs, as part of a strategy to catch General Motors Co, Volkswagen AG and Tesla Inc in the global electrification race, sources familiar with Ford's plans said.
Place your bets! The race to find the next Tesla is on but the search is turning up plenty of clunkers as well as potential superstars.
DETROIT General Motors Co's chief executive officer, Mary Barra, received a compensation package worth $23.7 million in 2020, 9.4% more than the previous year, according to the U.S. automaker’s proxy statement released on Friday.
DETROIT Ford Motor Co on Wednesday said it expects a global semiconductor shortage could ease this summer but may not be fully resolved until 2022, as the automaker reported a strong first-quarter profit but said the shortage may slash second-quarter production by half.
April 28 Ford Motor Co on Wednesday
reported a strong quarterly profit, but warned that the global
semiconductor chip shortage will slash production in the second
quarter by 50%, before bottoming out and then improving through