Mobileye Global prices IPO above range
Mobileye Global Inc., the self-driving technology company owned by Intel Corp., priced one of the biggest U.S. initial public offerings of the year above its marketed range to raise $861 million.
Mercedes quitting Russian market, selling shares to local investor
Mercedes will withdraw from the Russian market and sell the shares in its industrial and financial services subsidiaries to Avtodom, a local investor.
Hyundai's Georgia ‘Metaplant' will spark EV expansion
Hyundai Motor Group broke ground Tuesday on a $5.54 billion EV factory near Savannah, Ga., that will produce models for Hyundai, Genesis and Kia brands.
Employee ordered to pay back nearly $50K to Chrysler-Dodge-Jeep-Ram dealership
Nicole Bradley tampered with financial records and used unauthorized funds from Erwin Chrysler-Dodge-Jeep in Troy, Ohio.
Lucid opens retail studio in Saudi Arabia as it moves into Middle East EV market
The “luxury retail space” in Riyadh will introduce Middle East customers to the California-based brand. Lucid also plans to build a factory in Saudi Arabia.