MUNICH, Germany—BMW is planning to invest more than $536 million on new car technologies over the next 10 years via its i Ventures division. The automaker will use the money to back startups working on areas such as autonomous driving and digitalization.
CASA GRANDE, AZ—Lucid Motors, a start-up manufacturer of high-end electric vehicles, will spend $700 million to build a new assembly plant here. The factory is expected to create 2,000 jobs in the next six years.
Lumps of coal go to Donald Trump and Hillary Clinton for giving us a choice between Scylla and Charybdis. An extra lump goes to The Donald for running a campaign that set new lows in civil political discourse.
GUANAJUATO, Mexico—Toyota has begun construction on a $1 billion assembly plant here, its fifteenth manufacturing facility in North America. The factory, which will produce the Corolla, is expected to employ approximately 2,000 workers.
KANSAS CITY, KS—General Motors is investing $55 million to build an 830,000-square-foot “logistics optimization center” adjacent to its Fairfax assembly plant here. The operation is expected to employ approximately 500 workers.