Tesla to shift retail strategy, report says
The electric automaker plans to pull out of high-rent shopping malls in favor of cheaper locations, Electrek reported. It will also reportedly focus on remote work.
Nissan CEO reassures France's Macron over Renault alliance
The French president was told by CEO Makoto Uchida that trust is growing between leaders of the automakers, an aide said.
U.S. Rep. Dingell pushes bill to ease chip shortage
The bill — referred to as the Mature Technology Node Resiliency and Manufacturing Act — would approve $2 billion in funding for 2022 to support the production of mature semiconductor technology, which the auto industry relies on.
UAW receives $1.1M for controversial Mich. lake house
The UAW got $1.1 million for a lakefront house in northern Michigan that was being built for former President Dennis Williams, who was sentenced to prison in the union’s embezzlement scandal.
Penske's Q2 net income soars to record
Penske Automotive Group said net income totaled $340.4 million, higher than $44.8 million in the pandemic-impaired second quarter of 2020.