Rivian reaffirms flat 2024 production of 57,000 vehicles during investor event

Rivian reaffirms flat 2024 production of 57,000 vehicles during investor event

Rivian’s stock price was falling in midday trading after the automaker projected second-quarter deliveries in...

Cloaked Audis, covert CEO meeting: How VW’s $5B Rivian bet unfolded

The deal is crucial for both companies as Rivian gets a financial lifeline to survive...

Continental names board member Olaf Schick as CFO

Olaf Schick is currently responsible for integrity and law at Continental. He adds the title...

Mercedes is spending more than previously planned on combustion engines, report says

CEO Ola Kallenius’ comments come after the executive told investors in February that Mercedes would...

Week 2 of CDK outage changes dealers’ way of doing business

Dealerships that quickly cobbled together workarounds with old-school techniques and by having other DMS providers...

Rivian still faces cash burn, cooling sales despite $1B infusion from VW, analysts say

VW will infuse $1 billion into Rivian as the EV maker develops new models. But...

Cloaked Audis, covert CEO meeting: how VW’s $5B Rivian bet transpired

The deal is crucial for both companies as Rivian gets the financial lifeline it needs...

CDK begins DMS restoration with reboot test 9 days after cyberattacks amid sales disruption, litigation

The fallout from the crisis is spreading with analysts now expecting the outage to ding...

VW’s $5B Rivian deal raises doubts over Scout EV revival

VW announced the plan to bring back the Scout brand two years ago to make...

Hyundai enters sub-€25,000 EV fray with Inster minicar

The South Korea-built Inster is the latest inexpensive EV to be announced for Europe, following the Dacia Spring,...

U.K. car output falls nearly 12% in May on EV transition

Electrified vehicles, including full-electric models, plug-in hybrids and full hybrids, represented almost two-fifths, or 38...

Luxe cars stolen via thief’s texts to drivers

A 2024 Mercedes-Maybach GLS 600 and 2022 Rolls-Royce Cullinan worth a combined $620,000 were stolen...

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