Penske Automotive acquires commercial truck dealerships
The deal brings Penske’s Premier Truck Group three dealerships and $200 million in annual revenue, according to a statement.
Lithia buys two South Florida Audi dealerships
With the acquisition, Lithia said it has 12 dealerships in Florida. It also has nine Audi stores, including two dealerships in Canada.
Rivian stock rally stokes up new round of EV mania on Wall Street
Shares in Rivian have more than doubled in a week and the EV company is now worth more than Volkswagen.
BMW is turning to Qualcomm to supply chips for the automaker's self-driving cars
Qualcomm Inc said BMW will use its chips in its next-generation driver-assistance and self-driving systems. San Diego-based Qualcomm is the world’s biggest supplier of chips for mobile phones but has been diversifying its business.
Judge rejects Nikola founder's bid to dismiss or move U.S. criminal fraud case
Prosecutors say Milton used a blitz of social media posts, and TV and podcast interviews to drive up Nikola’s stock price over nearly a year.