Chip supplier for GM, Mercedes qualifies for $750 million U.S. grant
The preliminary funding agreement requires Wolfspeed “to take additional steps to strengthen its balance sheet to better protect taxpayer funds,” it said.
EU must cancel ICE ban to reduce reliance on China, BMW's Zipse says
The BMW CEO said the mood in Europe was “trending towards one of pessimism” and the region needed a new regulatory framework to remain competitive.
China's BYD says tech-laden Sealion EV 'dramatically' extends its reach into Europe
The Sealion 7 will be BYD’s flagship model in Europe, showcasing the automaker’s latest battery and manufacturing technology.
Stellantis review of brands will take place in 2-3 years, says CEO Carlos Tavares
The time frame means that Carlos Tavares’ successor will decide whether any of the automaker’s 14 brands should be scrapped.
Lamborghini lawsuit against Ill. dealership can proceed, federal judge rules
A federal judge in Illinois has refused to dismiss a fraud claim by Automobili Lamborghini America against a Chicago dealership, its president and an employee for allegedly selling dozens of luxury vehicles to known resellers, misreporting those sales and wrongly claiming millions of dollars in bonus payments.