MAY 18, 2021

GM’s Pontiac Stamping Plant to Get $40M Investment

GM says the money it plans to spend in Pontiac will be used to renovate the existing facility and install new, highly flexible fabrication machinery and presses to support future electric vehicle production and various product applications.

Autoline Daily: Top Industry News

Stellantis & Foxconn Form Technology JV; Canoo Reveals SEC Investigation; Unique Hydrogen Engine

Subprime Borrowers’ Share of Auto Loans, Leases Slips

Auto originations to consumers with subprime credit fell to just 15% of the total in the first quarter. That’s the lowest subprime share of originations since the New York Federal Reserve started keeping track in 1999.

Ford, Volkswagen See the Future with Argo Lidar Sensors and AV Trials

For Wards Intelligence Subscribers
Volkswagen announces start of international ID. Buzz AV trials based on Argo technology as Ford moves ahead with plans for AV production in 2022 with Argo Lidar.