BMW says long-term contract will secure millions of microchips a year
The deal is another sign that automakers are sidestepping traditional suppliers to instead deal directly with semiconductor manufacturers to secure vital chip supplies.
VW said to be exploring potential $100B Porsche IPO to help fund EV, AV shift
The Porsche and Piech families would reduce their stake in VW to take direct control of the Porsche sports-car business.
Sonic completes $700M acquisition of RFJ Auto Partners
Sonic’s $700 million acquisition of RFJ Auto Partners Holdings Inc. bolsters its presence in Texas but also adds six new states to its footprint.
GM's BrightDrop opens first dealership
General Motors’ electric delivery van brand BrightDrop is opening its its first dealership Tuesday, run by Chevrolet-Buick-GMC dealer Mike Caposio in Southern California.
GM to invest $50M in casting plant for Silverado EV
The plant in Bedford, Ind., will build drive unit castings for the Chevy Silverado EVs and other applications.