Posts about "automotive"

The U.S. Department of Energy, under the Trump administration, is planning to rescind grants worth billions, a decision that impacts automotive giants like General Motors and Ford, as well as numerous startups. These grants, originally awarded during the Biden administration, aimed at fostering innovation and sustainability in the automotive sector, are now under threat, raising concerns about the future of these initiatives.

In a strategic move underscoring its commitment to innovation and technology, Toyota has announced a significant .5 billion investment targeting the startup ecosystem. This substantial financial pledge seeks to invigorate advancements in mobility and transportation technologies, positioning Toyota at the forefront of the industry's evolving landscape.