Rivian boosts production forecast, reports better vehicle margins in upbeat Q3 report
The EV maker forecasts 2023 production at 54,000 units, a 2,000-unit increase. The company narrowed...
Private companies fund most EV battery manufacturing investment, DOE says
As of September, there were 208 private sector investment announcements in American-made battery technologies —...
CarGurus to pay $75M for rest of CarOffer as Q3 net income improves slightly, revenue plunges
The vehicle listings company bought a 51 percent stake in CarOffer, a wholesale digital marketplace...
Toyota’s Turkish factory gears up for plug-in hybrid production
The second-generation Toyota C-HR gains a plug-in powertrain with a battery assembled in Europe, as...
Rivian raises loses $1.37 billion in the third quarter, raises full-year production forecast
Rivian Automotive reported a $1.37 billion net loss for the third quarter while raising its...
TrueCar reduces losses, boosts revenue in Q3
New-vehicle inventory helped the vehicle listings company, but high prices and climbing interest rates remained...
Keeping AM radio in EVs could cost automakers $3.8 billion, report says
The Center for Automotive Research found that reducing the electromagnetic interference generated by EVs, which...
AV startup May Mobility raises another $105M in Series D round
The latest round brings the 6-year-old company’s total funding to approximately $300 million to date....
7November 2023
Rimac Nevera hits record-breaking 170mph in reverse
The run took place at the Automotive Testing Papenburg centre in Germany World’s fastest production...
Uber’s earnings, bookings, signal robust trip demand
Uber gave a forecast for bookings and profit that signal robust demand for the company’s...
Mazda targets U.S. sales record as profits surge
Mazda expects high-margin crossovers such as the CX-50 and CX-90 to power it to record...
In Ann Arbor, Mich., optimism and unanswered questions dominate the V2X conversation
The U.S. Department of Transportation predicts that 12 percent of potential crash scenarios could be...
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