Nick Saban's Dream Motor Group buys Mercedes-Benz stores in $700M deal
Dream Motor Group is looking to buy more dealerships in the South, CEO Joe Agresti said.
GM partnership aims to advance EV motor technology
Niron Magnetics has technology that doesn’t use costly rare earth minerals for EV motors. The company has raised $33 million from GM Ventures, Stellantis Ventures and other investors.
Rivian raises loses $1.37 billion in the third quarter, raises full-year production forecast
Rivian Automotive reported a $1.37 billion net loss for the third quarter while raising its production forecast for the full year by 2,000 vehicles to 54,000 units.
TrueCar reduces losses, boosts revenue in Q3
New-vehicle inventory helped the vehicle listings company, but high prices and climbing interest rates remained challenges.
Keeping AM radio in EVs could cost automakers $3.8 billion, report says
The Center for Automotive Research found that reducing the electromagnetic interference generated by EVs, which can distort AM radio signals, is “challenging and could lead to added costs for vehicle manufacturers.”