Automotive News Breaking News Feed
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.
The Aston Martin Residences Miami features 391 condos, an art gallery, two movie theaters, a golf simulator, a spa and a beauty salon.
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.
All six public retailers experienced challenges with electric vehicles, but also saw opportunities.
TrueCar CEO Jantoon Reigersman said its pilot of an enhanced TrueCar+ platform will enable a digital car buying transaction from start to finish.
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.