TrueCar CEO Jantoon Reigersman said its pilot of an enhanced TrueCar+ platform will enable a digital car buying transaction from start to finish.
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Approximately 140 employees at lidar technology company Luminar were laid off Friday as the company pivots to an 'asset light' model that includes outsourcing industrialization.
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Chevrolet will reveal the next-generation Corvette ZR1 this summer, promising ‘The unthinkable is coming.'
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The startup produced 1,728 Air sedans in the first quarter, running behind its 2024 forecast of 9,000 vehicles. Lucid plans to launch a second model, the Gravity crossover, this year.
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Analysts bullish on Carvana said its Q1 results are a sign it has recovered from a two-year period of losses and cash burn that forced new focus on profitability.
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U.S. light-vehicle sales slipped 3.9 percent to 1.32 million last month compared with April 2023; Toyota led among the brands.
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Acura worked closely with General Motors to ensure that the co-developed ZDX midsize crossover reached the import brand's performance goals.
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American Axle & Manufacturing Holdings Inc. increased revenue and profit in the first quarter thanks to steadier production from its customers. The automotive supplier saw year-over-year revenue growth of 7 percent to $1.6 billion during the period, with adjusted earnings of $205.6 million, up 18 percent. Net income swung to a $20.5 million gain from a $5.1 million deficit in the same period last year.
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During its CEO Investor Day last month, Kia said it would start releasing GT variants of its dedicated EVs.
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A quick look at the top automotive stories of the week as determined by reader interest.
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