news

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...

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...

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...

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