Hyundai launches monthlong subscription service for its EVs
Hyundai will offer monthlong subscriptions to its Kona Electric and Ioniq 5 compact crossovers as part of a new program called Evolve+.
House panel backs rental fee that opponent calls ‘poor tax’
Lawmakers started moving a proposal for some renters to pay non-refundable monthly fees instead of security deposits.
Redwood Materials says it has won a $2 billion DOE loan
Redwood Materials said it has received a conditional commitment for a $2 billion loan from the U.S. Energy Department.
BorgWarner profit soars as auto supplier eyes EV break-even point
Automotive supplier BorgWarner exceeded sales and profit expectations last year as it entered an “inflection point” in its bet on electrification, spinning off its fuel systems and aftermarket business and hitting break-even on the EV side as soon as this year.
Lithia Motors sells Detroit-area dealership, expands in Canada
Lithia Motors’ activity on both sides of the dealership buy-sell market continued with a fourth-quarter store sale and a February acquisition.