Elon Musk drops plan to use Tesla margin loan to buy Twitter
Elon Musk is dropping plans to partially fund his purchase of Twitter Inc. with a margin loan tied to his Tesla Inc. stake and increasing the size of the deal’s...
Automotive technology firm ECARX to go public in $3.8 billion blank-check deal
ECARX Holdings Inc. said on Thursday it would go public through a merger with a blank-check firm in a deal that values the automobile technology company at $3.82 billion. The...
Cannon Motor buys Ford-Lincoln, Nissan and Toyota dealerships
Cannon Motor, a family-operated company, formed in 1956 in Calhoun City, Miss., starting as a used-car business. The group has 19 franchised dealerships across Mississippi and Arkansas, plus three used-vehicle...
Ford Bronco goes from nerve-wracking to money maker for Webasto
Helping Ford Motor Co. debut the Bronco has been a major challenge for Webasto. "It took a lot of energy, nerves and money," CEO Holger Engelmann said last week during...
Faurecia exploring asset sales after Hella deal completion, report says
Deliberations are ongoing and no final decisions on whether to proceed with the disposals have been taken, according to the people. A representative for Faurecia did not immediately respond to...
U.S. car dealer groups want answers from VW on ‘alarming’ Scout announcement
Stanton acknowledged that Keogh had "been a consistent and full-throated advocate for the franchise dealer retail model," but warned that "the longer your dealers go without information and answers to...
New ads highlight AutoNation’s employees
The nation's largest new-vehicle retailer is commencing a multimillion-dollar "Go Be Great" advertising campaign that it says coincides with an employee retention and recruitment effort.Auto retail giant AutoNation Inc. said...
Apple car director heads to Luminar after less than a year
Luminar Technologies Inc. hired Christopher “CJ” Moore, a manager on Apple Inc.’s car project and a former director of Autopilot at Tesla Inc., to lead global software development. Moore, who...
Energy Department to cut carbon emissions at national labs
DENVER — As the U.S. Energy Department sets goals and targets for decarbonizing industry writ large, it also is taking steps to shed carbon from its own operations. The department...
Why Michigan lost the $2.5 billion Stellantis EV battery plant to Indiana
As Indiana officials delivered victory speeches, Michigan Economic Development Corp. CEO Quentin Messer said Michigan is still "competing aggressively" to win future investments by Stellantis and other companies. "Today's announcement...