Tasca Automotive buys 4 car dealerships in 3 states
Grant, along with two different partners, sold a majority stake in a Stellantis store in nearby White Plains, N.Y., to LMP Automotive Holdings Inc. in October 2021. LMP also was...
Lordstown Motors founder cashed in before electric truck stalled
One executive who's learned this all too well is Steve Burns. The founder of Lordstown Motors resigned as CEO in June 2021 after the electric-truck maker's board investigated claims by...
Toyota’s Woven Planet changes to make software-defined vehicles
The changes seem designed to jump-start Woven's activities as Arene nears deployment and the wider industry gets engaged in software-defined vehicles. In October, Hyundai Motor Group said it will invest...
Rebounding Mitsubishi Motors to invest more than $10 billion in EVs
TOKYO – Rebounding Mitsubishi Motors will pour more than $10 billion into electrified vehicles and battery production through 2030 as it expands its battery-powered lineup in advanced markets such as...
Rubio criticizes Ford planning U.S. battery plant using Chinese tech
WASHINGTON - U.S. Senator Marco Rubio on Thursday introduced legislation that takes aim at Ford Motor's deal to use technology from Chinese battery company CATL as part of the automaker's...
Tesla pioneers simpler dry electrode coating with 4680 battery
Tesla is pioneering a new battery manufacturing process called dry electrode coating that it is applying to its new 4680 battery cells. The dry process, which Tesla obtained via its...
Tesla recruits Asian partners to speed 4680 battery introduction
Despite the immediate problems, some analysts remain optimistic Tesla will resolve these issues. "While execution risk remains and many details are unknown, Tesla's impact on the global battery industry may...
Tesla wants to cut its manufacturing costs in half
Tesla Inc. didn't put on a splashy product show at its highly anticipated Investor Day earlier this month. There were no fresh details about its upcoming Cybertruck, no news on...
BMW picks Walter Mertl to succeed Nicolas Peter as CFO
The change takes affect in May. Mertl has held managerial positions in finance, sales and controlling in Germany and the UK, BMW said Thursday. Mertl, who joined BMW in 1998,...
GM offers buyouts to majority of U.S. salaried employees
General Motors said it will offer buyouts to most of its U.S. salaried employees as it works to cut $2 billion in costs over the next two years. Voluntary severance...