BMW relocates California Designworks Studio
BMW Group has moved the U.S. headquarters of its design studio to Santa Monica, Calif. Designworks had been based in Newbury Park, about an hour’s drive northwest, since 1988. It...
Carvana shares plunge to record low as used-car prices fall fast
Carvana Co. is set to wipe out more than half of its market value in just two trading sessions as the stock plunged to an all-time low on deepening gloom...
Wholesale used-vehicle prices continue autumn decline
One indicator of wholesale used-vehicle prices fell again in October to mark five straight months of decreases. Cox Automotive said Monday that its Manheim Used Vehicle Value Index — a...
BMW relocates California Designworks Studio
BMW Group has moved the U.S. headquarters of its design studio to Santa Monica, Calif. Designworks had been based in Newbury Park, about an hour’s drive northwest, since 1988. It...
Ford, Toyota are opposing their suppliers over EV tax credit
In comments to the IRS released late Thursday, Ford urged the U.S. to exempt domestic suppliers from the foreign entity restrictions, regardless of ownership, and to also allow most non-U.S....
On EV tax credits, automakers ask Treasury for clarity
WASHINGTON — Automakers are asking the U.S. Treasury Department for clarity on key provisions in the new tax credit for electric vehicles and urging as much flexibility as possible as...
Hydrogen, EVs may both be winners in new energy future
Rail and shipping are natural fits for hydrogen fuel cells, experts say. Where hydrogen fits in ground transportation is less certain. Long-haul trucking holds potential. Medium- and heavy-duty trucks consume...
2023 Honda Pilot grows into roomier 3-row crossover
LOS ANGELES — Honda's fourth-generation Pilot takes the stage as the closing act to what the Japanese automaker dubs the "year of the Honda SUV." The kid hauler has been reimagined for...
Adient sees $2.2 billion sales hit, expects stronger 2023
Adient, which has struggled with operations in the past, said Friday that it has approved a $600 million share repurchase program made possible by its "strong operational performance, transformed balance...
Lidar suppliers Velodyne, Ouster reach merger deal
Lidar companies Ouster and Velodyne said Monday they plan to merge. The two companies signed a merger agreement Friday. Existing Velodyne and Ouster shareholders would each own about 50 percent...