Do Not Use - AUTO

GM plans more than $3B for electric-vehicle projects in Michigan

General Motors Co. plans to invest more than $3 billion to make electric vehicles in Michigan, people familiar with the matter said, a potential win for the car maker’s home state after recent commitments of auto projects to Southern states.

GM eyes electric boats in new investment

General Motors has acquired a 25% stake in Pure Watercraft, a Seattle-based company specializing in electric boats and outboard motors, at a $600 million valuation.

EXPLAINER: Why quitting coal is so hard?

In the run-up to the U.N. climate talks in Glasgow, host Britain announced one of its goals of the conference was to consign coal to history. That turned out to be easier said that done

Rivian prices shares at $78 in highly anticipated IPO

Rivian Automotive Inc. priced its highly anticipated initial public offering at $78 a share, well above its raised expectations, valuing the electric-vehicle maker at more than $77 billion on a fully diluted basis, according to a person familiar with the matter.

General Motors electric-vehicle push backed by hedge fund

General Motors' plans to electrify its vehicle lineup has won the support of hedge fund Engine No. 1, which gained notoriety in January when it won three seats on Exxon Mobil’s board of directors by convincing big investors that the oil giant lacked a clean energy strategy.