Carvana caps 2023 with quarterly loss, but analysts zero in on full-year performance
Analysts expect Carvana to try to return to growth — albeit more carefully than in years past — in 2024.
EV startup Lucid plans $10M R&D center, 260 jobs in Detroit area
Company representatives are expected to bring a prototype of the Lucid Gravity – the automaker’s planned new crossover vehicle – to Lansing, Mich., for a show-and-tell with public officials Tuesday.
GM to include EVs, software, Cruise in salaried employees' bonuses
For 2024, 60 percent of salaried employees’ bonuses will come from earnings before interest and taxes and free cash flow, while 40 percent will come from EVs, software and services and Cruise, has learned.
Nvidia tops $2 trillion valuation in first for chipmakers
While Apple and Microsoft took over two years to go from $1 trillion to $2 trillion, Nvidia is on track to accomplish that in under a year’s time as the stock rides Wall Street’s AI frenzy.
The top 5 stories of the week
A quick glance at the top auto industry stories of the week.