Plastic Omnium reaches deal to acquire AMS automotive-lighting unit for $72M
The automotive lighting business was once part of Osram Licht AG, acquired by AMS in 2020.
GM to idle pickup output at Fort Wayne for two weeks due to microchip shortage
Fort Wayne Assembly, where light-duty Chevy Silverados and GMC Sierras are built, will take downtime April 4-15 because of the global microchip shortage.
Rivian CFO has a plan for regaining Wall Street's trust after stock plunge
The pressure is on McDonough, 40, to prove her operational acumen and win back the confidence of investors who rushed to endorse Rivian as a worthy challenger to Tesla and then snubbed it just as vigorously.
Elon Musk aims to build 20 million EVs a year — or maybe 10 million
Tesla is opening two new global factories in Berlin and Austin, Texas, and expanding plants in China and California. Its goal: millions of Teslas per year and continued global EV dominance.
Lithia sells California dealership; Ken Ganley Automotive and Ourisman Automotive add dealerships
Lithia Motors sold a dealership in California in March, while buyers of recent dealership acquisitions include Ken Ganley Automotive Group, Ourisman Automotive Group and Sam Toliver and Shelton Toliver.