Penske plans paint factory for special edition Ford Mustangs, Broncos

Penske plans paint factory for special edition Ford Mustangs, Broncos

In addition to low-volume paint operations, the space may also be used for customizing show...

Magna Steyr to cut 500 jobs in Austria after Fisker idles production

The job cuts come as production of key models is halted or comes to an...

Nio turns to rival BYD to power new EV brand, report says

The agreement marks a win for BYD, which has been looking to expand its revenue...

U.S. presses Germany on alleged union-busting by Mercedes

Allegations by the United Auto Workers against Mercedes include claims the automaker fired union activists...

U.K. self-driving startup Wayve raises $1B from Nvidia, Microsoft, SoftBank

Wayve said the fresh funds are a vote of confidence in the company’s system that...

Little-known self-driving startup raises $1 billion from Nvidia, Microsoft, SoftBank

Wayve is a UK startup with an AI-focused approach to solving autonomy for cars. It’s...

UAW authorizes strike at key Ram and Jeep stamping plant in Michigan

A work stoppage “could particularly impact production” of Ram pickups and the Jeep Wrangler and...

Little-known self-driving startup raises $1 billion from Nvidia, Microsoft, SoftBank

Wayve is a UK startup with an AI-focused approach to solving autonomy for cars. It’s...

Lucid reports Q1 net loss of $685 million and revenue of $173 million as cash burn continues

Lucid’s net loss was an improvement over the $780 million loss in first-quarter 2023, but...

Mercedes dealership sued for allegedly not revealing used car had flood damage

A customer has accused a South Carolina dealership group of fraud, negligence, breach of contract...

Tesla lays off more staff in software, service teams

Electric-vehicle maker Tesla has launched another round of layoffs including staff from the software, service...

GM-backed self-driving firm Momenta filing for U.S. stock offering, report says

Momenta is working with China International Capital Corp., Goldman Sachs and UBS Group on a...

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