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Automobile
BMW, Mercedes, selling car-sharing business to Stellantis
Brigitte Courtehoux, who heads Stellantis' mobility division Free2move, said the deal was part of the group's plans to grow net revenue from that business to 700 million euros ($735 million) in 2025 and to 2.8 billion euros in 2030, up…
Tesla CEO Elon Musk negotiating with potential partners, investors on Twitter deal, report says
Apollo Global Management Inc. and Ares Management Corp. are among the private equity firms that have been in talks about providing the financing, the sources added.
Musk is still deciding whether he will share some his equity check for…
U.S. commits more than $3.1 billion to boost U.S. EV battery output
The Biden administration said it will spend more than $3.1 billion to support the domestic manufacturing of advanced batteries used in EVs and energy storage.
About $3.16 billion in grants will be made available to produce key metals…
U.S. commits more than $3.1 billion to boost EV battery output
The Biden administration said it will spend more than $3.1 billion to support the domestic manufacturing of advanced batteries used in EVs and energy storage.
About $3.16 billion in grants will be made available to produce key metals…
More than 250,000 2020-2022 Ford Explorers recalled for rollaway risk
Ford Motor Co. is recalling 252,936 Explorer large crossovers because of a defect that can cause the vehicles to roll away while in park.
NHTSA said last month that the affected vehicles are certain 2020-22 Explorers, 2020-22 Explorer…
Why Stellantis is committing $2.8 billion in new EV investments to Canada
On the R&D front, Stellantis said it will modernize its Automotive Research and Development Centre in Windsor by expanding and building two "Centres of Competency."
“The electric vehicle and battery pack testing centres of…
Toyota is running out of EV tax credits
Toyota Motor Corp. is inching closer to using up a key U.S. tax credit for hybrid and electric vehicles, a milestone the automaker argues will raise its costs and hinder adoption of climate-friendly cars.
The law allows automakers to…
First Shift: UAW, green lobby sue U.S. Postal Service
• UAW, green lobby sue U.S. Postal Service
• Mercedes seeks energy source alternatives
• Stellantis extends shift in Canada
• Asbury raises 2025 revenue target
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Porsche and Audi have decided to join Formula One
BERLIN -- Volkswagen Group's premium brands, Audi and Porsche, have decided to join Formula One, VW Group CEO Herbert Diess said.
Audi is ready to offer around 500 million euros ($556.30 million) for British luxury sports carmaker…
Hyundai is ending projects with Rimac
Hyundai Motor is ending projects with Rimac Group, sources said, after the Croatian automaker deepened its ties to Porsche.
Hyundai and sister brand Kia jointly invested $84 million in the electric startup in 2019 to take a 12 percent…