WASHINGTON—Monroe Capital LLC announced plans to launch a new fund, the Drive Forward Fund LP, valued at up to $1 billion to support smaller auto suppliers as the industry shifts from gasoline to electric vehicles (EVs).
WASHINGTON—The U.S. Department of Energy has unveiled a $15.5 billion package of funding and loans primarily focused on retooling existing factories for the transition to electric vehicles.
NAGOYA, Japan—Toyota Motor Corp. has resumed operations at its 14 Japanese assembly plants after they were forced to shut down due to a computer glitch.
COLOGNE, Germany—Ford Motor Co. flagship European factory here is testing AI-powered automated driving technology designed to enable electric vehicles to drive themselves off the assembly line.