Cummins Inc. and Meritor Inc. entered into a definitive agreement under which Cummins will acquire Meritor, a global provider of drivetrain, mobility, braking, aftermarket and electric powertrain solutions for commercial vehicle and industrial markets, for approximately $3.7 billion. Troy, Mich.-based Meritor has more than 9,600 employees. The transaction, which is expected to close by the end of the 2022, will position Cummins as one of the few companies able to provide integrated powertrain solutions across combustion and electric power applications.

General Motors Co. will invest more than $7 billion in four Michigan manufacturing sites. The investment will create 4,000 new jobs, retain 1,000 and significantly increase battery-cell and electric-truck manufacturing capacity. The single largest investment in GM history includes construction of a new Ultium Cells battery cell plant in Lansing and the conversion of GM’s assembly plant in Orion Township for production of the Chevrolet Silverado EV and the electric GMC Sierra.

Toyota will invest approximately $3.4 billion in automotive batteries in the United States through 2030. Specifically, the investment is for developing and localizing automotive battery production, including those for battery electric vehicles (BEVs). Toyota Motor North America also announced it will establish a new company and build an automotive battery plant together with Toyota Tsusho in the U.S. Aiming to start production in 2025, the project includes an investment of approximately $1.29 billion until 2031, resulting in the creation of 1,750 new American jobs.

Nucor Corp. launched Econiq, a line of net-zero carbon-steel products. Building the green economy and the necessary infrastructure requires clean, advanced steel products. According to Nucor, Econiq is a first of its kind at scale for the U.S. steel industry. General Motors will receive the Econiq net-zero steel beginning in the first quarter of 2022, and it is projected that all steel purchased by GM from Nucor will be net carbon neutral by the end of 2022. The Econiq brand will be available across the complete line of Nucor steelmaking products, and initial quantities will be limited.

American Axle & Manufacturing (AAM) will expand its Three Rivers Manufacturing Facility (TRMF) in Michigan, including installing a new production line and adding approximately 100 new jobs. TRMF is a critical facility that currently manufactures front and rear axles and EcoTrac disconnecting all-wheel-drive systems. The expansion will allow AAM to add additional axle production at the facility, which produces many of the company’s most in-demand technologies, while boosting local jobs and increasing investment in Michigan.

American Axle & Manufacturing Inc. (AAM) and REE Automotive will jointly develop a new electric propulsion system for e-Mobility. The companies intend to leverage AAM’s system integration capabilities and focus on NVH (noise, vibration and harshness) reduction to incorporate AAM’s electric drive units, which feature fully integrated high-speed motors and inverter technology, into REE’s modular and disruptive REEcorner technology. The technology integrates critical vehicle components (steering, braking, suspension, powertrain and control) into the area between the chassis and the wheel to deliver significant functional and economic advantages. The electric drive units will be developed at AAM’s Advanced Technology and Development Center in Detroit with delivery of prototypes planned by the end of 2021.

American Axle & Manufacturing has been named sole supplier of front and rear pickup axles for production at GM’s Oshawa, Canada, facility. Oshawa will restart production of the pickup trucks later this year. AAM’s manufacturing facilities will provide both front and rear axles for use at Oshawa. This new business is in addition to AAM’s current supply of front and rear axles to GM’s full-size pickup assembly facilities in Indiana, Michigan and Mexico.

Ultium Cells LLC, a joint venture of General Motors and LG Energy Solution, will invest more than $2.3 billion to build its second battery-cell manufacturing plant in the United States. The approximately 2.8 million-square-foot facility will be located in Spring Hill, Tenn. It is expected to create 1,300 new jobs. Construction will begin immediately, and the plant is scheduled to open in late 2023. Once operational, the facility will supply battery cells to GM’s Spring Hill assembly plant.

Anchor Harvey, an aluminum forging company that seeks to set new standards for sustainable transportation, announced the launch of its new Electric Vehicle (EV) Workgroup. The new in-house working group draws from Anchor Harvey’s technological leadership and experience in forging components for the automobile and motorsports industries. By creating high-strength, lightweight forged aluminum components – such as steering knuckles, control arms, suspension components and structural nodes – the EV Workgroup will focus on vehicle parts built for increased range in support of manufacturers creating the next generation of transportation.