WASHINGTON DC - President Joe Biden signed the CHIPS and Science Act into law Tuesday morning, sending $52.7 billion to processor manufacturers over the next five years in an effort to help the United States reclaim its semiconductor industry prowess. It also will help move to customers Detroit-made vehicles on storage lots missing microprocessors. The legislation has already
BRIGHTON – Electric vehicles are becoming all the rage as consumers seek to break their dependence on expensive gasoline and also create a smaller carbon footprint. But can an electric grid that’s already strained under increased demand from manufacturing, indoor horticultural and overtaxed Internet data centers still be able to charge tens of millions of
TROY - Altair has named the winners of the 10th annual Altair Enlighten Award. Presented in association with the Center for Automotive Research, the Altair Enlighten Award honors the greatest sustainability and lightweighting advancements that successfully reduce carbon footprint, mitigate water and energy consumption, and leverage material reuse and recycling efforts. “The caliber of nominees
DETROIT - GM says it will have its own family of microchips locked in by 2025, a move that is expected to offset future chip-related production delays. In a recent interview with Associated Press, GM CEO Mary Barra said that GM is moving toward three families of microchips that the automaker will buy and control directly. This is
DETROIT - Kodak has announced that it is repurposing some of the expensive, high-tech machines used to manufacture its photography film for use on batteries for electric vehicles. The company has invested in Wildcat Discovery Technologies, which makes EV batteries. Engineers at Kodak have discovered that the “supercell” batteries Wildcat manufactures, require a similar coating
ANN ARBOR - Automaker investment in battery and Electric Vehicle (EV) manufacturing in North America is on the rise. For nearly two decades, the CAR Automotive Communities Partnership (ACP) has tracked announced automotive manufacturing investments In North America. The ACP Book of Deals investment database illustrates the extent of the sector’s commitment to the transformation.
DEARBORN - Ford CEO Jim Farley has made it quite clear that he envisions a number of changes for the 119-year-old automaker over the coming years, including a transition to electric vehicles, dramatically less inventory on dealer lots, selling vehicles at fixed prices, and even splitting the company into two entities – Ford Model e for its EV business, and Ford
DETROIT - Really? The average price for a new vehicle is now a record $48,000, says Michelle Krebs, Director of Automotive Relations for AutoTrader Group, parent of AutoTrader.com and KBB.com. Based in Detroit, she provides analysis and insights on the auto industry using AutoTrader's trove of consumer and industry data. You can shop for a
DETROIT - LG will acquire South Korean EV battery charger developer AppleMango, the conpany announced. LG will create "fully-featured" charging stations with a user-friendly interface and real-time control and management on which LG will be able to leverage its "sturdy, dust- and water-proof" outdoor digital display tech. LG is well-established in electric mobility, developing batteries,
NEW YORK -Turkey announced last week it discovered a massive rare earth reserve almost as big as the world's largest in China. The find is reportedly so large that it could on its own satisfy global demand for decades. According to the Turkish Ministry of Energy and Natural Resources, the country found a supply of 694
