Penske Automotive Group buys BMW-Mini dealership
Penske Automotive Group Inc. said it has purchased a BMW-Mini dealership in Southern California. The group said the dealership is expected to generate about $115 million in annual revenue.
Lucid leverages demand for Air EV with $179,000 performance version
After selling out the limited-run Dream Edition of the Air sedan, luxury EV startup Lucid will now offer the range-topping, $179,000 Grand Touring performance trim.
GM, ramping up for EV production, reaches cobalt supply deal with miner Glencore
The cobalt will be used in GM’s Ultium battery cathodes, which powers the Chevrolet Silverado EV, GMC Hummer EV and Cadillac Lyriq vehicles.
It's best to consider the 2023 Toyota bZ4X EV 'by the numbers'
Toyota says it will only sell 7,000 of the Japan-built bZ4X crossover EVs in the U.S. by the end of the 2022 calendar year, with pricing starting at $43,215 and a range of up to 252 miles, depending on configuration.
Honda pours $40 billion into electrification, targets 2 million EV production by 2030
The latest announcement builds on a string of initiatives CEO Toshihiro Mibe is taking to make the lineup at Japan’s No. 2 automaker completely gasoline-free by 2040.