GM hit with $103M verdict in U.S. court in California
A federal court jury in California has ordered General Motors to pay $102.6 million to a class of consumers after finding that it hid an engine defect that caused problems...
Johan de Nysschen retires as COO of VW of America
Johan de Nysschen is leaving his job as Volkswagen Group's North American COO, saying he has "done everything I have set out to do here." De Nysschen, 62, who previously...
LMP Automotive Holdings’ sale of 6 dealerships terminated
In the regulatory filing, LMP said it entered into asset purchase agreements with Atlantic Coast Automotive on Aug. 5 for its Florida Kia dealerships in Port Charlotte and Cape Coral,...
2023 Nissan Ariya EV will launch without tax credits
For Nissan, much is riding on the Ariya. The automaker pioneered the EV market with the launch of the Leaf more than a decade ago. But it failed to capitalize...
Volvo engine unit urges automakers to pool combustion tech
Aurobay is targeting to become “as big as possible, and that as fast as possible,” Fleiss said, which will require collaboration. “Even if all these predictions and ambitions of selling...
Michigan OKs $715 million in incentives for Gotion battery plant
Michigan officials have approved a bundle of incentives valued at $715 million for a $2.4 billion electric vehicle battery plant to be built by a Chinese manufacturer in the Big...
Our Next Energy plans $1.6B EV battery cell plant in Mich.
Our Next Energy will spend $1.6 billion on a new battery cell plant in suburban Detroit and begin production of lithium iron phosphate cells and battery packs in 2024, company...
Micromobility provider Spin focuses on location
Multiple owners, conflicts with regulators in several cities — scooter company Spin is riding the ups and downs of micromobility. But with its March sale by Ford Motor Co. to...
Dennis & Co. Auto buys Stellantis and Infiniti dealerships
Growth for Dennis & Co. Dennis & Co. founder and CEO Brian Dennis said the Clifton Park store fits perfectly with his company brand, especially geographically, as most of the...
As EV sales grow, battle over road weight limits heats up
Increased lobbying In recent months, the car hauling industry has stepped up lobbying efforts with lawmakers on key committees and officials at the Department of Transportation, Commerce and the White...