FCA announces $4.5B investment for next-gen Jeep Grand Cherokee, Wagoneer, electrified SUVs

Fiat Chrysler Automobiles announced Tuesday it would spend $ 4.5 billion at its production plants in Michigan to build the next-generation Jeep Grand Cherokee, an unnamed three-row SUV related to the Grand Cherokee, and its upcoming Wagoneer and Grand Wagoneer…

Book it: Amazon delivers millions to Tesla-rival Rivian to build electric SUVs, pickups

Rivian inched closer to prime time on Friday with the announcement it had received $ 700 million in the latest round of equity investment. Online shopping and technology giant Amazon was the lead investor. Amazon’s total investment was not disclosed…