The first car woke Jennifer King at 2 a.m. with a loud, high‑pitched hum. “It sounded like a hovercraft,” she […]
Tag: billion
VW, partners to invest over $20 billion in car battery business
SALZGITTER, Germany — Volkswagen said on Thursday it would invest more than 20 billion euros ($20.38 billion) in a battery […]
Elon Musk buys Twitter for $44 billion
Billionaire entrepreneur Elon Musk agreed to buy Twitter for $44 billion, using one of the largest leveraged buyout deals in […]
Chip shortage to cost automakers $110 billion in revenues in 2021
The global semiconductor chip shortage will cost automakers $ 110 billion in revenue losses this year, up from a previous […]
Michigan auto supplier Dayco could sell for $1 billion, report says
NEW YORK – Dayco Products LLC, a manufacturer of engine parts for vehicles and industrial equipment, has received offers from […]
VW subsidiary commits $2 billion to charging stations
Automakers know that the sales of electric vehicles do not get off the ground before the drivers have access to […]
South Korea’s Hanon to buy Magna’s electronics unit for $1.23 billion
The Canadian supplier Magna International Inc. said it plans to sell its electronics unit to Hanon Systems in South Korea […]