Ex-Orlando City owner sells Isleworth estate for record $35M
The most expensive home sale ever in the Orlando area just closed for $32 million for the property.
Tata Motors in talks to raise $1B via stake sale in EV business, report says
Jaguar Land Rover owner Tata is in talks with sovereign wealth funds and private equity investors to sell a significant minority stake in its EV business, eyeing a valuation of about $10.5 billion, Reuters reported.
Toyota, Honda, Mazda top winners of IIHS' toughened safety awards
The number of vehicles getting the Insurance Institute for Highway Safety’s top awards dropped considerably as the group ratcheted up the criteria. And IIHS says the requirements will only get tougher in 2024.
Lucid plans to double 2023 production despite softening demand
Lucid’s reservation backlog for its Air sedan fell to 28,000 this month from 34,000 in November amid plans to build up to 14,000 cars this year, it said. Lucid’s fourth-quarter revenue of $258 million missed expectations and its stock price fell.
Here are the Detroit 3-UAW profit-sharing amounts and how they're calculated
The checks, which amount to a yearly bonus tied to the companies’ financial performance, are the result of collective bargaining between GM, Ford and Stellantis and the UAW.