Luxury car dealer discovers a niche in insurance
Lamborghini Philadelphia expects to sell insurance policies to about half its customers, potentially generating nearly $500,000 in premiums.
Ford puts commercial business at forefront of EV strategy
The automaker already owns a leading share of the commercial vehicle market and is betting fleet managers will recognize the benefits of going electric far quicker than the average retail buyer.
Waymo sues California DMV over sensitive self-driving safety information
Self-driving tech company Waymo seeks an injunction prohibiting the California Department of Motor Vehicles from releasing information it considers trade secrets and proprietary business information.
Gentex Q4 net income plunges 41%
The producer of dimming rearview mirrors and camera-based driver-assistance systems said fourth-quarter net income plunged 41 percent to $84.2 million. Revenue fell 21 percent to $419.8 million.
Embezzlement sentencing for former Price Simms Holdings CFO delayed
Firle was charged in February 2021, and he pleaded guilty in July. As part of his plea, he agreed to pay more than $1.9 million in restitution to his former employer.