Elon Musk sold $3.95B of Tesla stock after buying Twitter
“It looks like Musk is preparing for things to stay bad at Twitter for the next year,” said Gene Munster of Loup Ventures after the stock sales became public. “He’s...
Nissan quarterly earnings: Profits soar on better pricing
TOKYO – Operating profit at Nissan Motor Co. rose 45 percent in the latest quarter, as a more profitable mix of product and foreign exchange gains offset high costs and...
Honda U.S. dealers could service Sony-Honda EVs, CFO says
TOKYO – Honda dealers in the U.S. will likely have a hand in servicing, but not selling, the new wave of electric vehicles coming from the company's new joint venture...
Rivian is under pressure to boost output, maintain demand
Rivian Automotive is a runaway hit with its R1T pickup and R1S SUV in the eyes of owners and automotive journalists, but the electric vehicle startup is no longer a...
Lucid Q3 earnings: Net loss of $670M
Lucid Group Inc. reported a third-quarter net loss of $670 million but reiterated its production goal of 6,000 to 7,000 units of its Air electric sedan this year after dealing...
Fuccillo Automotive sells Chevy, Toyota and Hyundai dealerships
These are the latest store sales for Fuccillo Automotive, which at one time had more than 20 dealerships. Longtime dealer and former CEO of Fuccillo Automotive Billy Fuccillo Sr. died...
Stock price-induced impairment charge leads to TrueCar loss
Vehicle listings company TrueCar Inc. reported Monday a loss of $77.1 million for the third quarter — a drop from a much slimmer loss in the same period a year...
Why U.S. EV credits put a pinch on ‘ally’ Japan
But the Inflation Reduction Act doesn't afford special allowances for "allies." Japan takes umbrage at that while seeming to ignore the fact neighboring economic rival South Korea is both an...
Aston Martin picks McLaren’s Tony Joseph to lead Americas
Aston Martin, which has weathered financial turmoil and is in the midst of a transition to electric vehicles, has appointed a new president in its Americas region for the second...
N.H. woman accused of stealing $350,000 from Chevrolet dealership
A Clarksville, N.H., woman has been indicted on allegations she stole more than $350,000 from a Colebrook, N.H., Chevrolet dealership. Tina Fournier's alleged thefts took place between January 2017 and...