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). 

The historic factory has made everything from Model T’s to SUVs since 1924.

STANTON, TN—Ford Motor’s Co.’s 21st century facility for electric vehicle production is starting to take shape just a few miles northeast of Memphis.

CHICAGO—Ford Motor Co.’s factory here opened its doors 100 years ago this week.

SPARTANBURG, SC—BMW Manufacturing Co. plans to use humanoid robots at its flagship assembly plant here.

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.

ZWICKAU, Germany—Volkswagen’s state-of-the-art factory here is a showcase for electric car production.