Lucid targets popular niche with Gravity crossover
The startup’s slow-selling Air sedan launched with a six-figure price tag and a limited audience. Next year, Lucid will try again with a popular body style and an $80,000 starting price.
Former Big Red Dealerships controller, compliance officer sentenced in auto lender fraud case
The two co-conspirators in the Big Red Dealerships scheme to defraud car lenders have each been sentenced in the case, one receiving nearly two years in prison and the other nearly three years.
Mary Barra's $280 billion goal confronts a litany of GM hurdles
The resignation of Cruise’s CEO was a remarkable setback for a company that just two years ago was projected to bring in $50 billion in revenue by 2030. Now, GM CEO Mary Barra is pulling back on growth plans for the unit to make sure the cars are safe.
Aptiv to build high-voltage connector plant in Wuhan
Automotive technology supplier Aptiv signed an agreement with the local government to produce high-voltage connectors in central China’s Wuhan as the Chinese market shifts to intelligent electric vehicles.
LaFontaine Automotive sells two Stellantis dealerships in Michigan
LaFontaine Automotive plans to use capital gained from divestitures to add dealerships in targeted markets.