General Motors on Thursday said it has reached a long-term agreement with semiconductor maker GlobalFoundries to increase its future supply of U.S.-made microchips. The companies said GlobalFoundries will produce components...
Lucid Group said on Thursday that customers will get a $7,500 credit on buying certain variants of the Air luxury electric car, revving up a price war started by Tesla...
In a separate transaction, Lithia added to its portfolio in Canada with the purchase Friday of Acura of North Toronto in Thornhill, Ont., from Dilawri Group of Cos., Lithia confirmed....
Penske Automotive Group Inc., as part of succession planning, named Roger Penske's son Greg Penske vice chairman of the auto retailer, Penske Automotive said Wednesday. The auto retailer also announced...
"We think last year heading into the beginning of this year was really the inflection point of the business from an electrification standpoint," CFO Kevin Nowlan said on a call...
Redwood Materials said on Thursday it has received a conditional commitment for a $2 billion loan from the U.S. Energy Department to help build out a $3.5-billion recycling and re-manufacturing...
Ram's first electric pickup officially has a name. The truck, slated to enter production in 2024, will be known as the 1500 REV. Ram CEO Mike Koval, who was scheduled...
Hyundai will offer monthlong subscriptions to its popular electric vehicles as part of a program called Evolve+. Evolve+ will cost subscribers $699 per month for the Kona Electric or $899...
Redwood Materials said on Thursday it has received a conditional commitment for a $2 billion loan from the U.S. Energy Department to help build out a $3.5-billion recycling and re-manufacturing...
Overall, the industry improved slightly from a year ago, with an average of 186 problems per 100 vehicles — down by six problems from the 2022 study. Last year, Lexus...
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