While Toyota, Volvo, Daimler, announced $5.5 billion in new American factory investments so far this year, it's shy of the $10.2 billion averaged annually this decade.
The market for artificial intelligence know-how is so hot that small firms, sometimes with no products, are attracting investment from corporate giants that simply want access to programmers and a pipeline to the latest research.
California requires automakers to sell electric and other non-polluting vehicles in proportion to their market share — and if they don’t sell enough, they have to purchase credits from competitors to make up the difference. Not many folks are happy.
"Only four out of 11 carmakers are forecast to meet the EU 2021 CO2 emission target, with the rest facing significant fines," a new study shows.
The Alabama factory will assemble electric sport utility vehicles, taking on Tesla’s Model X and making Daimler the first European company to assemble plug-in autos in the U.S.
CEO Carlos Ghosan said electric cars will represent more than 30% of the company's sales.
CEO Matthias Mueller said VW was well-placed to take advantage of shifts in Chinese environmental policy which could include a ban on fossil fuel cars.
General Motors stock has been stagnant of late, but the company has been piecing together a strategy that could sustain it for years to come.