Lucid, Nikola and Lordstown Motors miss EV goals
Nikola delivered 131 Tre heavy-duty trucks, about a quarter of the number it had initially hoped to hand over to customers. The company cut its delivery forecast twice last year,...
Audi plans a U.S. plant to tap EV subsidies
The $430 billion IRA was passed last August and offers subsidies and tax incentives for a swathe of domestically produced green industry products, including a $7,500 consumer tax credit to...
Tesla, Elon Musk faces slew of investigations and lawsuits over self-driving features
NHTSA has launched at least 13 Tesla defect investigations since 2013, including seven that either resulted in safety recall actions or that remain open. NHTSA declined to discuss the probes....
Mercedes lays groundwork for more software-based upgrades
A glimpse of the business to come may be seen on the new E-class, shown here this week. It contains Mercedes' next-generation MBUX infotainment system, which uses artificial intelligence to...
Mechanics Bank exits indirect auto lending business
Mechanics Bank, of Walnut Creek, Calif., is exiting the indirect auto lending business, a spokesman confirmed to Automotive News. The bank's auto finance business planned to stop accepting loan applications...
Ford extends downtime at Louisville Assembly until March 6
Ford Motor Co. has again extended the temporary closure of its Louisville Assembly Plant for another week as it battles a software issue on the refreshed Escape and Lincoln Corsair...
Carvana Q4 earnings: Losses widen to $806 million as sales plunge
Carvana Co. said Thursday it recorded a net loss of $806 million in the fourth quarter, bringing its overall financial losses in 2022 to $1.6 billion. The company's rising tide...
Cars.com Q4 earnings: Net income of $10.3 million, shares rise
Dealership technology company Cars.com returned to a profit in the fourth quarter with gains from organic growth and acquisitions, even as digital dealer marketplace customers continued pulling back. "We helped...
Nikola Q4 earnings: Red ink grows to $222 million
Electric and hydrogen truck producer Nikola Corp. said Thursday its net loss widened during the fourth quarter after it delivered fewer vehicles to dealers than it produced. The company said...
Why more commercial businesses are installing EV chargers
Subway is the latest restaurant group to announce plans to install EV chargers. The company will install chargers at some of its new and newly remodeled Subway restaurants and at...