Magna adds 363 jobs at 3 operations in Michigan

Magna adds 363 jobs at 3 operations in Michigan

Magna, the world’s fourth-largest auto supplier, will open an engineering center for lighting in Novi...

Aston Martin brings luxury car feel to Miami condo tower

The Aston Martin Residences Miami features 391 condos, an art gallery, two movie theaters, a...

Zeekr aims to raise up to $368 million in U.S. IPO

Zeekr founder and Chairman Shufu Li, according to a U.S. filing, will control almost 75...

Public retailers grapple with soft EV demand in first quarter

All six public retailers experienced challenges with electric vehicles, but also saw opportunities....

TruCar details car-buying platform pilot; Q1 numbers improve

TrueCar CEO Jantoon Reigersman said its pilot of an enhanced TrueCar+ platform will enable a...

Luminar lays off 20 percent of staff amid restructuring

Approximately 140 employees at lidar technology company Luminar were laid off Friday as the company...

Spy photos capture upcoming Chevrolet Corvette ZR1

Chevrolet will reveal the next-generation Corvette ZR1 this summer, promising ‘The unthinkable is coming.’...

Lucid to report Q1 earnings amid cash burn, waning EV growth

The startup produced 1,728 Air sedans in the first quarter, running behind its 2024 forecast...

Rivian taps Volvo executive as COO ahead of new-model launch

The U.S. EV maker hired Volvo Deputy CEO Javier Varela as its new chief operations...

Carvana set to dig back into used-car market after latest quarter, analysts say

Analysts bullish on Carvana said its Q1 results are a sign it has recovered from...

Magna expects $400 million revenue loss from Fisker production halt

Magna builds the Ocean EV for Fisker. Magna said it is monitoring the situation and...

Top 5 stories of the week: Asbury looks to sell dealerships; UAW threatens Stellantis stamping plant

A quick look at the top automotive stories of the week as determined by reader...

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