Openlane said wholesale used-vehicle sales facilitated through its online marketplace rose 13 percent in the first quarter.
Continue Reading the above article 'Openlane Q1 earnings: Net income rises 46%; revenu...
The Biden administration on Monday said it will spend more than $100 million to help small and medium-sized suppliers retool or expand their factories and improve their energy and cybersecurity infrastructures.
Continue Reading the above article 'White House pledges $100 million to help small sup...
Momenta is working with China International Capital Corp., Goldman Sachs and UBS Group on a potential listing that may happen as early as this year, Bloomberg reported. The IPO could raise $200 million to $300 million.
Continue Reading the above article 'GM-backed self-driving firm Momenta filing for U.S...
While Rivian announced an $827 million incentive package from the state of Illinois last week, analysts still expect it to burn through billions in cash this year.
Continue Reading the above article 'Rivian to report Q1 earnings as EV maker cuts cost...
Toyota expects stellar results in its fiscal-year earnings announcement on May 8, from record sales to record profits. But there could still be some wobbles in the final report, including guidance on whether it can keep up its red-hot pace.
Continue Reading the above article 'From scandals to slowdown, Toyota faces these top ...
Magna, the world’s fourth-largest auto supplier, will open an engineering center for lighting in Novi and an R&D center in Troy, while adding manufacturing capacity in Lyon Township, according to a statement last week.
Continue Reading the above article 'Magna adds 363 jobs at 3 operations in Michigan...
The Aston Martin Residences Miami features 391 condos, an art gallery, two movie theaters, a golf simulator, a spa and a beauty salon.
Continue Reading the above article 'Aston Martin brings luxury car feel to Miami condo...
Zeekr founder and Chairman Shufu Li, according to a U.S. filing, will control almost 75 percent of the shareholder voting power in the company after the IPO.
Continue Reading the above article 'Zeekr aims to raise up to $368 million in U.S. IPO...
All six public retailers experienced challenges with electric vehicles, but also saw opportunities.
Continue Reading the above article 'Soft EV demand bedevils public dealer groups in Q1...
TrueCar CEO Jantoon Reigersman said its pilot of an enhanced TrueCar+ platform will enable a digital car buying transaction from start to finish.
Continue Reading the above article 'TrueCar details car-buying platform pilot; Q1 numb...