Volvo-backed Polestar is in SPAC merger talks
A transaction may value the combined company at around $25 billion, Bloomberg reported.
Toyota halting contributions to lawmakers who opposed Biden certification
Toyota has faced criticism for donations to some Republican lawmakers who voted against certification of Biden’s win in some states.
Volkswagen to discuss extension of Diess' contract on Friday, report says
The automaker’s board could decide in favor of a two-year extension for the VW CEO until 2025, Reuters reported.
Group 1 to post profit gain for Q2
New vehicles are in short supply in the U.S., but the ones automakers are producing have been quick sellers, and that helped Group 1 turn over its inventory in the period.
Mazda recalls 260,000 older Mazda3s for airbag logo shatter risk
Plastic fragments could strike occupants during airbag deployment, increasing the risk of injury. The automaker was named in two U.S. lawsuits alleging injury from the defect.