news

GM returns to France with full-electric Cadillac Lyriq

Cadillac already sells the Lyriq in Switzerland and will launch the EV in other European...

U.S. urged to block cheap Chinese auto imports from Mexico

Cheap Chinese car imports via Mexico could be an “extinction-level event for the U.S. auto...

EV maker Lotus Tech closes up modestly in Nasdaq debut after SPAC merger

Lotus Tech, which is part of British sports-car maker Lotus Group, is launching two EVs...

Rivian, Lucid earnings reports tell a tale of a tough EV market

Rivian and Lucid are burning through cash. Sales are expected to be flat this year....

Ford halts 2024 F-150 Lightning shipments; delivery of gasoline trucks begins roughly two months after production

The Lightning stop-ship order went into effect Feb. 9, Ford said, and it’s unclear when...

Jeep CEO turnaround plan features price cuts, ‘freedom of choice’ amid EV transition

Jeep is cutting prices on some of its key models and taking new approaches to...

Silicon Valley EV startup plans $10M engineering center in Southeast Michigan

Electric vehicle startup Lucid Motors is planning to invest $10 million and create 250 jobs...

GM’s Lansing Delta Township plant idled for supply issue

GM did not provide more details on the supply issue at the Lansing Delta Township...

Carvana caps 2023 with quarterly loss, but analysts zero in on full-year performance

Analysts expect Carvana to try to return to growth — albeit more carefully than in...

GM to include EVs, software, Cruise in salaried employees’ bonuses

For 2024, 60 percent of salaried employees’ bonuses will come from earnings before interest and...

Volvo to cut stake in Polestar to 18% as EV demand slumps

Polestar shares have fallen due to a slower-than-expected ramp up and overall cooling EV demand. Volvo’s...

Nvidia tops $2 trillion valuation in first for chipmakers

While Apple and Microsoft took over two years to go from $1 trillion to $2...

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