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The new funding translates into a nearly $700 million valuation for AutoFi and follows four straight years of doubling revenue.

Polestar may profess to startup culture, but it has what most startups lack — access to the engineering, manufacturing and sales infrastructure of an automotive conglomerate.

Rivian sharply increased prices on its R1T pickup and R1S SUV, angering preorder buyers. CEO RJ Scaringe backtracked, but only for existing customers.

AutoForecast Solutions added only 13,100 vehicles to its weekly estimate of vehicles removed from automakers’ production plans because of the global microchip shortage.

Though auto sales are still down because of ongoing supply issues, consumers are still gobbling up SUVs and crossovers when they can.