Building construction has begun at the future site of a factory where Ford and a South Korean company have joined forces to build electric trucks and batteries in rural west Tennessee, officials said Friday.
Sep 23, 2022
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Business
Taiwanese electronics giant Foxconn will invest $19.4 billion to make semiconductors in India with local conglomerate Vedanta, backed by New Delhi's push to boost tech self-reliance after a global chip shortage.
Sep 14, 2022
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Business
United Auto Workers union members who went on strike Saturday at a Stellantis casting plant in Indiana are returning to work after ratifying a deal with the company.
Sep 13, 2022
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Automotive
Toyota is investing 730 billion yen ($5.6 billion) in Japan and the U.S. to boost production of batteries for electric vehicles, the Japanese automaker said Wednesday.
Aug 31, 2022
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Automotive
A joint venture between General Motors and South Korean battery company LG Energy Solution is set to receive a $2.5 billion loan from the Energy Department to build battery cell factories for electric vehicles in three states.
Jul 26, 2022
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Ford Motor Co. officials on Tuesday pledged to be good neighbors to those in rural west Tennessee who live near the automaker's planned electric truck factory, a project expected to create thousands of jobs and change the ...
Jun 22, 2022
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Energy & Green Tech
Automaker Stellantis said Monday it will invest $3.6 billion Canadian dollars ($2.8 billion) to upgrade two Canadian assembly plants and expand a research center as it accelerates its long-term electrification strategy.
May 2, 2022
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Automotive
U.S. safety regulators have opened an investigation into electric and hybrid vehicle batteries after five automakers issued recalls due to possible defects that could cause fires or stalling.
Apr 5, 2022
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Energy & Green Tech
For hundreds of years, raging blast furnaces—fed with coking coal—have forged steel used in cars, railways, bridges and skyscrapers.
Apr 4, 2022
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Automotive
A joint venture between Stellantis and South Korea's LG Energy Solution plans to build a large electric vehicle battery factory in Windsor, Ontario, employing about 2,500 people just across a river from Detroit.
Mar 23, 2022
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A joint venture (often abbreviated JV) is an entity formed between two or more parties to undertake economic activity together. The parties agree to create a new entity by both contributing equity, and they then share in the revenues, expenses, and control of the enterprise. The venture can be for one specific project only, or a continuing business relationship such as the Fuji Xerox joint venture. This is in contrast to a strategic alliance, which involves no equity stake by the participants, and is a much less rigid arrangement.
The phrase generally refers to the purpose of the entity and not to a type of entity. Therefore, a joint venture may be a corporation, limited liability company, partnership or other legal structure, depending on a number of considerations such as tax and tort liability.
This text uses material from Wikipedia, licensed under CC BY-SA
