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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...

Openlane Q1 earnings: Net income rises 46%; revenue down 1%

Openlane said wholesale used-vehicle sales facilitated through its online marketplace rose 13 percent in the...

White House pledges $100 million to help small suppliers shift to EV parts

The Biden administration on Monday said it will spend more than $100 million to help...

Rivian to report Q1 earnings as EV maker cuts costs, prepares new models

While Rivian announced an $827 million incentive package from the state of Illinois last week,...

Magna Steyr to cut 500 jobs as output of Fisker, BMW, Jaguar models are phased out

Production has halted or will come to an end on a slew of models this...

BYD is welcome to open factory in France, French finance minister says

Finance Minister Bruno Le Maire said BYD and the Chinese auto industry “are very welcome...

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