The industry is scrambling to make the historic transition from internal combustion vehicles to EVs. John Bozzella, CEO of the Alliance for Automotive Innovation, told the audience that automakers and...
The proposal would lift the existing 200,000-vehicle cap on the $7,500 credit and impose new restrictions on automakers who have not yet hit that limit. The joint proposal from Manchin...
Erickson, 48, was a 23-year veteran of Toyota, specializing in cost planning and vehicle specification optimization, according to his LinkedIn profile. He earned his bachelor's degree in 1998 from Eastern...
A revamped proposal in the U.S. Senate to extend the tax credit for new electric vehicle purchases is less about consumers and more about sourcing, said Jennifer Safavian, CEO of...
The company's net income dropped to $69 million for the quarter, but sales outperformed global industry production and were up 7 percent from last year to $5.1 billion, according to...
Uber Technologies Inc.'s second-quarter results were boosted by resilient demand from customers who continued to hail rides and order takeout food despite rising inflation. Revenue more than doubled to $8.1...
Retail technology giant Reynolds and Reynolds Co. remains on the hunt for acquisitions even after buying two companies last month, and more deal-making is possible this year yet, company President...
Lamborghini is now heading into a period of transition for its product line. The company has said it will launch an all-electric model in 2028 that will be what Winkelmann...
Early corporate investors in Innoviz included auto suppliers Magna International Inc., Aptiv and Samsung Electronics' Harman International, according to investor website PitchBook. SoftBank also was a key backer. Magna in...
Credit Acceptance Corp.'s net income fell during the second quarter to $107.4 million, down 63 percent from a year earlier, dragged down mainly by a need to set aside $178...
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