Lucid Q4 deliveries fall 10%; stock plummets
The EV startup reported 1,734 deliveries in the most recent quarter and full-year sales of 6,001. Lucid has repeatedly cut its production forecasts amid weak demand for its luxury Air sedan.
Penske Automotive, board face shareholder lawsuit over stock buybacks
A lawsuit filed in Delaware alleges the Penske Automotive’s board breached its fiduciary duties by allowing CEO Roger Penske to take majority voting control of the company through stock buybacks.
Tesla boosts pay for U.S. factory workers as UAW momentum builds
Tesla Inc. notified workers at its California car plant of pay increases across its U.S. factories, the latest bump by a nonunion automaker the United Auto Workers is trying to organize.
New CEO, new name, multimillion-dollar EV investment at Detroit 3 quality assurance vendor
ATCO has been renamed Vayan Group under new CEO Keith Buckley, who took the helm this year.
U.S. on track to ‘meet and exceed' goal of 500,000 public EV chargers, official says
White House National Climate Adviser Ali Zaidi’s remarks came ahead of a Biden administration announcement of $623 million in grants to build EV chargers and alternative fueling infrastructure in certain urban and rural communities across the U.S.