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Automobile
Carvana, Vroom and Shift see stock prices, fortunes fall
"You have to plan your infrastructure to support growth over the next year," said Sharon Zackfia, who covers all three online used-vehicle sellers as an analyst at investment bank William Blair. "And up until January, I don't think any…
GM’s Cruise and BrightDrop explore autonomous EV delivery vans, report says
Representatives of Cruise and GM declined to comment. BrightDrop spokesman Daniel Roberts said via email that “there are no collaborations to announce with Cruise at this time, but we are always exploring new ways to create innovative…
Honda posts higher-than-expected annual profit but warns of headwinds
Honda Motor Co. on Friday reported a larger-than-expected operating profit for its fiscal year that ended March 31 but forecast a 7 percent drop in annual earnings for the current year amid higher raw material costs and the ongoing chip…
GM agrees to 8.5 percent raise with new Mexico union
MEXICO CITY - General Motors has agreed a 8.5 percent wage hike with the new, independent union at its pick-up truck plant in the central Mexican city of Silao, labor representatives said on Thursday, one of the highest recent raises in…
First Shift: Subaru's first dedicated EV line at Japan plant
• Subaru CEO outlines EV factory plans
• Nissan bounced back into the black
• Rivian earnings
• Self-driving realm updates
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GM battery suppliers complete $50 million investment in Li-Cycle
Lithium ion battery recycling firm Li-Cycle Holdings Corp. said it received its previously announced $50 million investment from General Motors battery suppliers LG Chem and LG Energy Solution.
The investment, which was announced in…
Elon Musk says the Twitter deal is temporarily on hold
Elon Musk said Friday his $44-billion deal for Twitter Inc was temporarily on hold, citing pending details on spam and fake accounts.
"Twitter deal temporarily on hold pending details supporting calculation that spam/fake accounts do…
Nissan eyes third U.S. plant, possibly for EVs
YOKOHAMA, Japan — Nissan Motor Co., fresh off unveiling plans to add electric vehicle production at a second U.S. assembly plant, is now contemplating building a third factory, possibly for EVs, in the region by 2030.
Chief Operating…
Nissan eyes third plant, possibly for EVs, in North America
YOKOHAMA, Japan — Nissan Motor Co., fresh off unveiling plans to add electric vehicle production at a second U.S. assembly plant, is now contemplating building a third "factory," possibly for EVs, in the region by 2030.
Chief Operating…
Nissan eyes third North American plant, possibly for EVs
YOKOHAMA, Japan — Nissan Motor Co., fresh off unveiling plans to add electric vehicle production at a second U.S. assembly plant, is now contemplating building a third "factory," possibly for EVs, in the region by 2030.
Chief Operating…