Automobile

WASHINGTON -- A group of 12 U.S. Senate Democrats on Wednesday urged Transportation Secretary Pete Buttigieg to develop a comprehensive federal framework for autonomous vehicles, according to a letter seen by Reuters. "We lag behind in…

Apollo’s move fueled angst among some of Carvana’s existing creditors and potential buyers of the new debt since it came at a lower yield than the 10.5 percent to 11 percent some funds had offered. Shifting $1 billion of the financing…

But supply-chain bottlenecks are making it difficult to craft plans."Every single thing we're doing is like in Jell-O right now, because it's so hard to plan anything," Kuniskis told reporters Tuesday. AutoForecast Solutions said the…

Lucid Group Inc. said it will sell as many as 100,000 electric vehicles to the Kingdom of Saudi Arabia over the next decade, ranking among the largest-ever purchases of plug-in models. The automaker reached a deal with Saudi Arabia’s…

Group 1 Automotive Inc. said Wednesday that first-quarter net income nearly doubled and revenue soared as dealerships the retailer acquired last year outperformed expectations. The Houston-based dealership group said revenue in the…

Elon Musk lost a bid to undo his 2018 agreement with the U.S. Securities and Exchange Commission that led to reviews of his Tesla Inc.-related tweets by an in-house official who’s been referred to as the chief executive officer’s…

     • Ford launches Lightning production      • Musk and Twitter reach deal        • GM's Mexican union seeks wage hike        • Carbon Neutrality pledge Source link

"We will prove to the world that we can create an operating environment for advanced vehicles that is safer and more efficient than just a normal roadway," Duvall said of the work that's planned for the coming months now that the…

During the first three months of the year, Penske bought a medium- and heavy-duty commercial truck business in Ontario, Canada. Penske in January said it had opened a new Honda dealership in Leander, Texas. Penske this month acquired a…

German-born Leiters has a doctorate in engineering and has also held senior positions at Porsche, where he worked for 13 years. His roles at Porsche included project manager for the Porsche Cayenne SUV. Leiters will oversee McLaren's…