GM, Stellantis among group investing $33M in company that makes magnets without rare earth metals
The venture capital arms of General Motors and Stellantis are among investors sinking $33 million into a Minnesota company with technology to make magnets for electric vehicle motors without using expensive rare-earth metals.
Ford slashes prices for F-150 Lightning electric vehicles due to cheaper raw materials, efficiencies
The sticker price on Fordโs F-150 Lightning electric pickup is being lowered by thousands of dollars due to increased plant capacity, falling costs for battery raw materials and internal efforts to scale production by the Detroit automaker.