automotive manufacturing

Ford plans to invest $273M at Mexico plant to produce EV drive units

Ford Motor Co. says it will invest $273 million to convert its plant in Irapuato, Mexico, to the production of primary drive units for the company’s Mustang Mach-E electric vehicles.

The plant in Irapuato previously produced transmissions for gasoline-powered vehicles. The switch to producing the primary drive units for the Mustang Mach-E includes manufacturing the electric motor and the transaxle of the vehicle’s propulsion system.

“This new stage allows us to create synergy between plants and...

https://www.freightwaves.com/news/ford-plans-to-invest-273m-at-mexico-plant-to-produce-ev-drive-units

Agero’s Vehicle Transport service helps get drivers back on the road

Agero, a company that provides driver assistance services for automakers and insurance companies, has introduced Vehicle Transport to enable automotive manufacturers, dealers and fleet management groups to sell, trade and transfer vehicles to and from body shops and auctions without contact. 

“We understand, for the fleet customers, that keeping their vehicle assets on the road is of most importance,” said Cathy Orrico, the chief client officer of Agero, in a message to FreightWaves. “We’re...

https://www.freightwaves.com/news/ageros-vehicle-transport-service-helps-get-drivers-back-on-the-road

Ford to build new Bronco Sport SUV in Mexico

The Ford Bronco, the company’s iconic offroad SUV, returns after a 24-year production hiatus, with the sport edition slated to be produced in Mexico.

Ford (NYSE:F) will begin manufacturing the Bronco Sport SUV in October at its Hermosillo plant. The Bronco Sport will join vehicles such as the Ford Fusion, Ford Fusion Police Responder and Lincoln MKZ, which are produced at the 34-year-old plant in northern Mexico.

Mexican officials hailed the Bronco Sport’s production in Mexico as another victory...

https://s29755.pcdn.co/news/ford-to-build-new-bronco-sport-suv-in-mexico

Tesla gets tax break for proposed $1 billion factory in Austin, Texas

With a key tax break from a local school district, Tesla Inc. (NASDAQ:TSLA) is one step closer to building an electric pickup truck plant in Austin, Texas.

The Del Valle School District just southeast of Austin has approved an incentive package for Tesla that would give the electric vehicle maker $46.4 million in property tax breaks over 10 years if it locates a proposed $1 billion factory on district land.

Tesla is also seeking approval from Travis County commissioners for additional tax...

https://s29755.pcdn.co/news/tesla-gets-tax-break-for-proposed-1-billion-factory-in-austin-texas