Openlane plans to buy Manheim Canada in $95M transaction
Openlane CEO Peter Kelly said Openlane will retain about 100 Manheim Canada employees as part of the proposed transaction.
U.S. awards $110 million to reduce wildlife car collisions
There are more than 1 million wildlife vehicle collisions in the U.S. with large animals like deer that cost more than $8 billion annually.
BorgWarner CFO Kevin Nowlan to retire; Craig Aaron up next
Craig Aaron, BorgWarner’s vice president and controller, will succeed Kevin Nowlan, effective March 1. Nowlan will remain with the company in an advisory capacity through April 1.
Lucid cuts 2024 prices to expand market for Air sedan
The EV maker is reducing trims from four to three and expanding options packages. The most inexpensive Air is $78,900 with shipping vs. $83,900 for the 2023 model year, Lucid says.
Growing pains sting Luminar Technologies amid driver-assist skepticism
Lidar company’s success hinges on boosting its production volume amid investors’ tapering enthusiasm for driver-assist tools.