Nikola extends voting on authorizing new shares to raise capital
The vote is "a must-win for the team at Nikola, to put it bluntly," Jeff Osborne, a senior analyst, at TD Cowen, the American investment arm of Canada's Toronto-Dominion Bank,...
Consumer Reports advocates for standard crash notification tech
Consumer Reports, joining newly launched automotive safety initiatives in the U.S., is campaigning for an automatic crash notification feature to be in every new passenger vehicle — and kept active...
GM sources renewably produced steel from ArcelorMittal
CEO Aditya Mittal had said in March that stripping out carbon from steel production would drive up prices by about 10 percent to 20 percent, adding this could make green producers'...
GM: No need to open or close more plants for EV transition
It previously converted its Detroit-Hamtramck assembly plant in Michigan into Factory Zero, its first all-EV plant, to build the GMC Hummer EV pickup and SUV and soon will add electric...
Auto lenders to Fed: No plans to loosen car loans by end of 2023
Peter Muriungi, CEO of Chase Auto, said at the summit Chase had adjusted to rising delinquencies primarily by getting tougher on borrower collateral. He said the bank was not as...
Toyota Land Cruiser SUV could return to U.S. as revamped Prado
The GX, the Prado's platform mate, is getting its first redesign in more than a decade. The overhaul, expected to feature a rugged, boxy exterior design, will debut Thursday. The...
VW ID Buzz celebrated alongside iconic bus at beach party
Where better to celebrate the Volkswagen bus' legacy and electrified future than Surf City, USA? Coinciding with the debut of the three-row version of the electric ID Buzz tailored for...
Volvo EX30 seeking a new EV market
A 69-kilowatt-hour battery delivers 275 miles in the single-motor version and 265 miles in a dual-motor performance variant. The EX30 battery can charge to 80 percent from 10 percent in...
Automotive digital keys raise security issues
However, automotive cybersecurity experts are still determining if digital keys are as secure as the industry claims. Kent said a rash of recent car thefts in the U.K. targeting new...
Detroit auto show says it expects to double brands in 2023
The North American International Auto Show said this year's event will feature more brands than last year's first foray into September that extended outside the walls of Huntington Place. The...