Rivian outlines path to profitability with $5 billion investment from Volkswagen Group

Rivian outlines path to profitability with $5 billion investment from Volkswagen Group

Rivian will use its cash and Volkswagen money to build new Rivian models, executives said...

CDK outage: Michigan Honda dealership adjusting ahead of June sales end

Germain Honda of Ann Arbor is tracking to meet its June sales goal, but the...

Renault-backed EV startup plans assembly in Hong Kong

BeyonCa, which is backed by Renault Group and Dongfeng Motor, said it will locate its...

NHTSA probes Honda over rearview camera recall

U.S. auto safety regulators are investigating Honda over concerns that the parts involved in its...

Toyota Motor in talks to build Lexus factory in Shanghai, report says

Toyota seeks a deal similar to what Tesla received, including tax breaks, policy support, land...

Polestar reports growing red ink for 2023 as EV demand slows

The electric-vehicle maker had repeatedly delayed reporting results because of accounting issues. Net losses widened...

Fisker to recall over 12,000 Ocean SUVs

Fisker is recalling 8,204 Ocean SUVs in the U.S., 513 in Canada and 3,806 in...

Polestar reports decline in 2023 revenue as EV demand slows

The electric-vehicle maker had repeatedly delayed reporting results because of accounting issues. Net loss widened...

CDK restores DMS for Group 1, more dealerships as cyberattack costs rise

The cost of the shutdown is rising rapidly as its impact is becoming clearer and...

Japanese-Texas fusion hotel will cater to Toyota HQ visitors

The Miyako Hotel near Toyota’s North American headquarters in Plano, Texas, is scheduled to open...

VW to develop plug-in hybrids, EVs with SAIC

Volkswagen Group, looking to accelerate product development, plans to develop three plug-in hybrids and two...

Saudi Aramco to buy 10% stake in Renault, Geely combustion-engine JV, report says

The transaction is set to value Horse Powertrain at about €7.4 billion ($7.9 billion) with...

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