Peloton has announced plans to invest $400 million in a US factory to produce its bikes and treadmills, located in Troy Township, Ohio, near Toledo. The facility, which is planned to be approximately a million square feet, is called the Peloton Output Park....
The Laredo (Texas) International Airport recently announced a new pilot program partnership with UPS that aims to increase efficiencies in air cargo operations. The program aims to save shippers time and money while maintaining security by utilizing UPS’ existing...
Today’s automobiles use up to 200 internal computers and cars are becoming computers on wheels. So, it’s no surprise that Apple is joining other tech companies in eyeing the $5 trillion auto market. Apple has not commented on its EV plans, but it has...
Hyundai Motor Group will invest $7.4 billion in American manufacturing over the next four years. The investment is intended to expand its manufacturing footprint in the U.S. Specifically, it will help supply Hyundai and Kia’s electric ambitions. The company plans...
Electric car startup Fisker signed an agreement with Foxconn, the Taiwanese company that assembles iPhones, to co-develop and manufacture a new $30,000 electric vehicle. Production on the car, which will be sold under the Fisker brand name in North America, Europe,...
