Finance And Insurance

Former Mitsubishi plant in Ill. may house startup automaker

The former Mitsubishi assembly plant in Normal, Ill., soon could be purchased by little-known startup automotive firm Rivian Automotive. Rivian is in discussions to buy the plant, which was shuttered in May, and invest up to $175 million in it by 2024 and create 500 jobs by 2021, the state said.

 

Michigan governor signs bill allowing self-driving cars on public roads

UPDATED: 12/9/16 12:30 pm ET - adds GM statement

Automakers and tech companies will be able to develop, test and sell autonomous vehicles in Michigan, per legislation Gov. Rick Snyder signed into law today.

Chevy forges off-road cred with Colorado ZR2

Chevrolet hopes to take advantage of surging demand for midsize pickups with an off-road, high-performance version of the Colorado.

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