Vroom’s e-commerce vehicle sales grew 93% in Q4
Online used-vehicle retailer Vroom's net loss widened to almost $130 million in the fourth quarter, but the company posted major revenue gains and said it sold a record number of...
Self-driving truck company Embark eyes real estate across U.S.
Self-driving truck company Embark is scouting for U.S. real estate. The company said Monday it has partnered with real estate investment firm Alterra Property Group to identify locations across the...
Former California dealership accountant charged with wire fraud
A former bookkeeper for two San Rafael, Calif., dealerships appeared in court last Tuesday after being charged with four counts of wire fraud, allegedly taking more than $1.7 million over...
Ford delays return-to-office plans to April
DETROIT -- Ford Motor Co. is again delaying its return-to-office plans for the majority of salaried employees. The automaker most recently planned to bring back a bulk of non-site-dependent employees...
Stellantis strategic plan targets high margins amid EV shift
AMSTERDAM -- Chrysler parent Stellantis said on Tuesday that it aims to double its net revenue to 300 billion euros ($335 billion) by 2030, while maintaining double-digit adjusted operating margins...
California issues permits to Cruise, Waymo for autonomous vehicle service
The California Public Utilities Commission (CPUC) on Monday issued permits to self-driving units of General Motors and Alphabet Inc.'s Waymo to allow for passenger service in autonomous vehicles with safety...
Burnt-out ship carrying 4,000 VWs, Porsches, Audis, Bentleys and Lamborghinis sinks in rough seas
The cargo ship that caught fire in the Atlantic while transporting roughly 4,000 Volkswagen Group vehicles to the U.S. has sunk despite efforts to tow it to safety. The Felicity...
Dodge creating ‘shocking’ sound for electric muscle cars, Tavares says
AMSTERDAM — Stellantis CEO Carlos Tavares has one word to describe the sound that'll come from Dodge's upcoming electric muscle car: "Shocking." As the Hellcat era comes to a close,...
Stellantis sets up task forces as impact of Ukraine crisis on automakers intensifies
AMSTERDAM -- Stellantis has established two task forces to deal with the effects of the Russian invasion of Ukraine. One of the task forces is monitoring sanctions imposed by the...
Lucid cuts 2022 production goal, misses delivery target
Other EV startups such as Rivian Automotive Inc. and Lordstown Motors, which have raised money in public listings, have fallen short of their own production targets. Lucid is targeting a...