GM, Stellantis among group investing $33M in company that makes magnets without rare earth metals
The venture capital arms of General Motors and Stellantis are among investors sinking $33 million into a Minnesota company with technology to make magnets for electric vehicle motors without using expensive rare-earth metals.
General Motors, joint-venture partner plan to build electric vehicle factor in Lansing
General Motors and a joint-venture partner plan to build an electric vehicle battery factory in Lansing, Michigan, their third such factory in the U.S. The companies' plans were revealed in documents posted on the cityโs website Friday.
Magna announces $70 million EV battery facility for Michigan
Magna International is breaking ground on a $70 million manufacturing facility in St. Clair, Mich. where it plans to build complex battery enclosures for the all-new 2022 GMC Hummer EV. This investment is expected to create 304 jobs in St. Clair over the next five years. AdIn St. Clair, Magna said it plans to construct a 345,000-square-foot facility with the ability to support an expansion of up to 1,000,000 square feet. AdMeanwhile, it was announced earlier this year that the Hummer EV would be built under the GMC brand name at GMโs โFactory Zeroโ facility at the Detroit-Hamtramck assembly plant. That was announced right after GM said it would invest more than $2 billion in Detroit to manufacture electric vehicles.
Ford to build electric truck center in Dearborn, add 300 jobs
DEARBORN, Mich. โ Ford says it will add 300 jobs at a new factory thatโs being built to assemble batteries and manufacture an electric version of the F-150 pickup truck. The new plant -- called the Rouge Electric Vehicle Center -- is being built at the Ford Rouge complex in Dearborn, Michigan, where Ford is starting to produce a new version of the F-150 thatโs due in showrooms this November. This short video shows an animation of the center construction:โWe are proud today to announce for our Ford UAW members and our nation that Ford is building this new plant to assemble the truck of the future -- a battery electric Ford F-150," reads a statement from United Auto Workers (UAW) Ford Vice President Gerald Kariem. Ford says the new electric truck will go on sale in mid-2022. Hereโs some bonus video from Ford showing the all-electric F-150 prototype testing: