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Automobile
How Lucid Group’s CEO pocketed more than $260 million last year
A short-lived surge in Lucid Group Inc.'s share price last year allowed CEO Peter Rawlinson to collect more than $260 million in performance-based awards.Shares of the electric automaker, founded in 2007, have since plunged by…
Magna Q1 earnings: Net income plunges amid microchip, inflation, war disruption
Magna reported $4.08 billion in first-quarter sales from its body exteriors and structures unit, up 1.3 percent from a year earlier. It attributed the gain to the launch of new parts programs for models, including the Jeep Grand…
Tesla faces NHTSA recall of 48,000 U.S. vehicles because speed display disappears in ‘track…
Over the last year, Tesla has been issuing more recalls, including some under pressure from NHTSA. Tesla separately on Friday recalled one 2022 Model X vehicle because a bracket was not installed at the second-row seat.
Tesla has issued…
First Shift: U.S car dealers seek LIFO tax relief
• U.S car dealers seek LIFO tax relief
• Ford's $3.1B net loss
• Toyota Supra's manual transmission
• VW mulls Chattanooga plant expansion
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Carvana stock plunge signals concerns over inflation, higher interest costs
Carvana’s “financing is done but costly and kicks the liquidity can down the road,” Bloomberg Intelligence’s credit analyst Joel Levington said. “What is left is a vulnerable balance sheet, a consumer that is cooling, and clearly a more…
Musk unloads $4 billion worth of Tesla stock
Elon Musk sold about $4 billion worth of Tesla Inc. stock days after reaching a $44 billion deal to buy Twitter Inc.
The Tesla chief executive officer offloaded 4.4 million shares April 26 and April 27, according to regulatory filings.…
Acura prices new Integra just below $32k
Pricing for Acura's 2023 Integra compact sport sedan will start at $31,894, including delivery, when the nameplate returns to the market in early June.
The price puts the fifth-generation Integra into competition with the Audi A3,…
Acura Integra priced just below $32,000
Pricing for Acura's 2023 Integra compact sport sedan will start at $31,894, including shipping, when the nameplate returns to the market in early June.
The price puts the fifth-generation Integra into competition with the Audi A3,…
2023 Acura Integra priced just below $32,000
Pricing for Acura's 2023 Integra compact sport sedan will start at $31,895, including shipping, when the nameplate returns to the market in early June.
The price puts the fifth-generation Integra into competition with the Audi A3,…
Plastic Omnium agrees to acquire units of lighting supplier Varroc for $634 million
Varroc’s lighting division lost money in 2021, largely because of underutilized production capacity, Plastic Omnium CEO Laurent Favre said, adding that utilization rates are about 50 percent. Sales were about 800 million euros in 2021,…