Carvana CEO: ADESA real estate plays key part in our growth plan

Carvana CEO: ADESA real estate plays key part in our growth plan

Carvana slowed its sales growth in 2022 and 2023 to address profitability, but it’s now...

Penske Truck Leasing to offer REE electric truck to fleet customers

REE’s partnership with Penske Truck Leasing is a boon for the electric truck and chassis...

Bankruptcies, cash burn and uncertainty mark latest phase for EV startups

EV startups are dealing with bankruptcies, phenomenal cash burns and an uncertain path to profits....

GM’s Cruise pays more than $8 million in robotaxi settlement

GM’s Cruise will pay more than $8 million in the robotaxi settlement. ...

Stellantis-Leapmotor JV targets Europe’s mass market with 6-vehicle range

China’s Leapmotor will start with sales of the full-electric T03 minicar and C10 midsize SUV...

China’s Aiways shifts focus to Europe with new funding

Aiways has been in talks with investors on restarting production and developing a new, affordable...

Mercedes halts development of MB.EA large EV platform

With EV demand slumping, Mercedes will stop developing the MB.EA architecture for future E-Class and...

BYD introduces plug-in hybrid pickup in Mexico

The Shark will be distributed globally but BYD has no plans to sell it in...

Volvo’s U.S. EV sales plunge in Q1: A momentary blip or a sign its 2030 plan is in jeopardy?

Volvo EV sales in the U.S. plummeted 65 percent in the first quarter. According to...

Porsche to launch hybrid 911 with boosted performance

Although Porsche has not released further details on the model, the automaker said the car...

Tesla strike in Sweden heats up as nation’s largest union joins fray

More than a dozen unions have launched action in support of IF Metall’s strike against...

Renault to skip Level 3 self-driving cars in favor of autonomous minibuses

Renault Group will focus its self-driving efforts on autonomous shuttles. Advanced driver assistance systems, or...

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