Ford Returning to Factory-Backed GT3 Racing

Ford Mustang, the iconic sports car that created the pony car segment, will lead Ford’s return to global sports car racing as Ford Performance prepares a new GT3 race car for competition in 2024.

Created by Ford Performance and Multimatic, the all-new Mustang GT3 IMSA race car will be powered by a 5.0-liter Coyote-based V8 and make its debut at the 2024 24 Hours of Daytona…

GM Announces Investment in EV Manufacturing Capacity

Ultium Cells, a joint venture of LG Energy Solution and General Motors, announced a $2.6 billion investment to build its third battery cell manufacturing plant in the United States. The facility will be located in Lansing, Michigan. The new battery cell plant is expected to create 1,700 new jobs when the facility is fully operational. The approximately 2.8 million-square-foot facility is scheduled to open in late 2024.

The automaker is earmarking $7 billion—the largest investment in the history of the company—to expand its battery and electric truck production capacity…