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Tesla, Musk sued by shareholders over self-driving safety claims
Auto February 28, 2023 , by BizLizzy Reporter
Tesla and its Chief Executive Elon Musk were sued Monday by shareholders who accused them of overstating […]
Fisker stock jumps 30% on forecast that analyst calls ‘borderline ludicrous’
Auto February 28, 2023 , by BizLizzy Reporter
Fisker reiterated its 2023 production target of 42,400 vehicles with its manufacturing partner Magna Steyr despite certain […]
Auto lender American Car Center closes
Auto February 27, 2023 , by BizLizzy Reporter
Auto lender American Car Center closes a day after it pulled a $222 million bond sale from […]
EV charging supplier sees U.S. raising costs by cutting off China
Auto February 27, 2023 , by BizLizzy Reporter
Zerova Technologies is riding a boom spurred by demand for greener cars in the U.S. The maker […]
Rivian faces cash burn, demand concerns with Q4 earnings
Auto February 27, 2023 , by BizLizzy Reporter
Rivian is expected to post another big loss for the fourth quarter, while staff turnover and consumer […]
Tesla pauses rollout of driving-assist software
Auto February 27, 2023 , by BizLizzy Reporter
Tesla has temporarily stopped rolling out its $15,000 driver-assistance system until it addresses issues that led the […]
BMW's hydrogen-powered iX5 keeps fuel cell hopes alive
Auto February 27, 2023 , by BizLizzy Reporter
Although most automakers have abandoned or avoided fuel cell technology due to poor infrastructure and high prices, […]
CATL flexes scale, power with EV battery 'price war'
Auto February 27, 2023 , by BizLizzy Reporter
CATL, the world’s largest battery maker, has offered to cut costs for Chinese automakers, a move that […]
Canada aftermarket supplier Uni-Select sold to U.S.-based LKQ for $2.1 billion
Auto February 27, 2023 , by BizLizzy Reporter
Québec-based Uni-Select, Canada’s largest supplier of automotive refinish, industrial paint and more than two million replacement parts […]
EV battery recycler Li-Cycle to get $375M U.S. loan for N.Y. plant
Auto February 27, 2023 , by BizLizzy Reporter
Li-Cycle’s Rochester, N.Y., processing facility is slated to open later this year at a cost of roughly […]
Nissan to qualify for full EV tax credits in U.S. from 2026
Auto February 27, 2023 , by BizLizzy Reporter
Nissan will be able to comply with U.S. local sourcing rules for EV tax credits from 2026 […]
Changes in acquisition habits spark new options
Auto February 26, 2023 , by BizLizzy Reporter
As dealers buckle down on their used-vehicle acquisition practices amid declining profitability, online wholesale auction leaders sense […]