Business

Ford Is Pouring $500 Million into Rivian


On an adapted platform, the batteries don’t line the floor, and it’s harder to place the electric motors where things like driveshafts and differentials would be, so everything tends to get dumped under the traditional “hood.” But by going with a “skateboard” or “pancake” design, there are massive advantages in not only packaging (important for maximizing utilitarian cargo space on a pickup truck especially), but range as well.


Peter Rawlinson, who was chief engineer of the Model S when he worked for Tesla Inc. , has long been the public face of Lucid, which plans to build electric sedans in 2020 at a factory in Arizona.


German carmaker BMW will buy cobalt, a key component for electric vehicle (EV) batteries, directly from mines in Australia and Morocco to ensure they are not produced by child labor, an executive said on Tuesday.


Nissan Motor Co slashed its full-year profit forecast to its lowest in nearly a decade due to weakness in the United States, just as it adjusts to life without Carlos Ghosn and charts its future with alliance partner Renault SA.


Federal agents are investigating whether leaders of the United Auto Workers received kickbacks after giving business executives contracts to produce union-branded clothes and trinkets, four sources told The Detroit News.


The subpoenas mark another phase of a federal corruption investigation and could lead to more criminal charges in a case that has yielded eight convictions, including former vice presidents of the UAW and Fiat Chrysler Automobiles.






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