That automaker hopes the Mexican state of Chihuahua will ease virus-induced employee limits in manufacturing facilities so U.S. output isn't constrained.
CEO Jim Hackett sent a more than 600-word letter to senior staff in response to messages he’s received both from within and outside Ford’s ranks to reconsider producing police vehicles.
Spartan Energy Acquisition, which is backed by private equity firm Apollo Global Management, is leading a bidding war among special purpose investors for Fisker, and could clinch a deal as early as next week, Reuters reported.
Tesla’s new Shanghai assembly plant has churned out popular Model 3 sedans for the past six months, catapulting the company atop the electric-vehicle sales chart and piling the pressure on cash-strapped local rivals.
The model is a key element in the automaker's turnaround plan, which has also included changes in management and ownership structure over the last few months.
