U.S. consumer protection watchdog's funding unconstitutional, court rules
A federal appeals court ruled that the U.S. Consumer Financial Protection Bureau’s funding apparatus is unconstitutional.
For Cadillac and its dealers, Celestiq EV is just a beginning
The $300,000 Cadillac Celestiq EV is a launch point for doing more “iconic” things for the brand in the future.
How Lithia is diversifying and thinking globally
Lithia has made dealership acquisitions, digital retail and its own captive finance unit company hallmarks as it aims to reach $50 billion in annual revenue by 2025. But some business diversification appears on tap.
Automakers to double spending on EVs, batteries to $1.2 trillion by 2030
The world’s top automakers are planning to spend nearly $1.2 trillion through 2030 to develop and produce millions of electric vehicles, batteries and raw materials.
Toyota to cut full-year production target on chip shortage
The automaker said it expects to lower its global production schedule amid global supply chain upheaval.