Einride secures $500M in financing for autonomous trucking
The Swedish company gained access to more capital at a time when other self-driving technology companies are struggling.
Ford CMO Suzy Deering abruptly departs
Deering, who joined Ford in early 2021 from eBay, was among Jim Farley’s first hires as CEO. Ford will announce her replacement later.
Automakers, South Korea implore U.S. to use commercial EV tax credit
Many automakers and the South Korean government are urging the Biden administration to tap a commercial electric vehicle tax credit to boost consumer EV access, a plan that could help ease concerns over a climate bill approved in Congress.
Economy, interest rates sour dealer views on market, survey finds
Fourth-quarter Cox Automotive Dealer Sentiment Index polling finds inventory is improving for franchised dealerships. But other variables are rising as concerns.
Key creditors in pact to avert brawl as Carvana's prospects dim
Some of Carvana largest creditors have signed a pact binding them to act together in negotiations with the company, a move meant to prevent the kind of nasty creditor fights that have complicated other debt restructurings.