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UAW authorizes strike at key Ram and Jeep stamping plant in Michigan

A work stoppage "could particularly impact production" of Ram pickups and the Jeep Wrangler and Wagoneer, the UAW said.

Tue May 7, 2024 03:54
Little-known self-driving startup raises $1 billion from Nvidia, Microsoft, SoftBank

Wayve is a UK startup with an AI-focused approach to solving autonomy for cars. It's akin to a vehicular version of ChatGPT.

Tue May 7, 2024 03:24
Lucid reports Q1 net loss of $685 million and revenue of $173 million as cash burn continues

Lucid's net loss was an improvement over the $780 million loss in the first quarter of 2023, but the company's stock price sank 7.5 percent in after-hours trading Monday to $2.82 per share.

Tue May 7, 2024 01:20
Mercedes dealership sued for allegedly not revealing used car had flood damage

A customer has accused a South Carolina dealership group of fraud, negligence, breach of contract and a consumer protection law violation for failing to disclose the used 2018 Mercedes-Benz E300 she bought had flood damage.

Mon May 6, 2024 23:33
Tesla lays off more staff in software, service teams

Electric-vehicle maker Tesla has launched another round of layoffs including staff from the software, service and engineering departments, Electrek reported Monday, citing emails and sources familiar with the matter.

Mon May 6, 2024 22:01
Openlane Q1 earnings: Net income rises 46%; revenue down 1%

Openlane said wholesale used-vehicle sales facilitated through its online marketplace rose 13 percent in the first quarter.

Mon May 6, 2024 19:15

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