EV maker Lucid gets warm reception on Wall Street after SPAC deal
Lucid’s debut comes after it completed a reverse-merger with SPAC firm Churchill Capital Corp. IV.
Lordstown Motors says hedge fund may buy up to $400 million of its stock
The agreement comes a month after Lordstown warned it may not be able to continue as a “going concern.”
EV startup Canoo names former diplomat Josette Sheeran as president
Sheeran, who joined Canoo’s board in December, is the executive chairman of the McCain Institute.
Jaguar Land Rover owner Tata Motors reports quarterly loss on chip shortages
Tata Motors reported a loss of 44.5 billion rupees ($598 million) in the three months ended June 30 as sales at the luxury UK unit were hit by a lack of semiconductors.
Zeigler buys 4 dealerships in Wisconsin
Zeigler Auto Group closed on the acquisition of four dealerships in Wisconsin from Home Run Auto Group, including its first Toyota and Hyundai stores.