Toyota, which has a plant in Troy, plans a new $1.29 billion factory to produce batteries for gas-electric hybrid and fully electric vehicles.
The move comes as Rivian Automotive launches its first vehicle line. The startup, which lists Ford as an investor, has built out its Normal factory for production and is developing plans for a second.
After months of delays, fine-tuning and test runs, Rivian’s first production electric truck rolled off the line and into a customer’s hands Tuesday, launching a new era of automobile manufacturing in Illinois.
Startup EV truck manufacturer Rivian has filed for an initial public offering in advance of its anticipated production launch next month.
Postponed by COVID-19, a special summer edition of the Chicago Auto Show at McCormick Place will be smaller, shorter and less elaborate. But as the first major Chicago tourism event in nearly a year and a half, the show’s impact on a tentatively reopening, pandemic-weary city, could be significant.
Beyonce and Jay-Z are thought to be the couple behind the recently commissioned Rolls-Royce Boat Tail personalised convertible, which is the most expensive car in the world at £20 million.
The U.S. arm of Stellantis, formerly known as Fiat Chrysler, said Friday it was cutting one of the two work shifts at its Belvidere Assembly Plant as of July 26. That could result in the layoffs of 1,641 workers, company spokeswoman Jodi Tinson said.
Postponed this winter by the COVID-19 pandemic, the Chicago Auto Show will return in July to its longtime McCormick Place home.
City council members on Tuesday approved spending more than $1.7 million on the purchase of new city vehicles, trailers, mowers, plow attachments and lift systems.
Each year more than 250 models compete for the hearts, minds, and driveways of American car shoppers.
The Explorer King Ranch, set to hit showrooms in the spring, will be built exclusively at Ford’s Chicago Assembly Plant on the city’s Southeast Side.