Schaeffler offers to buy Vitesco in $3.8 billion bid to create EV supplier giant
The deal will help the billionaire Schaeffler family reshape its industrial empire, expanding Schaeffler’s offerings for the EV industry.
Mullen Automotive is banking on 2 rebadged Chinese commercial vehicles
Mullen Automotive will soon know if its strategy of homologating Chinese vehicles for the U.S. commercial fleet market is a viable business plan. Two vehicles, a small electric van and a Class 3 chassis cab, are starting production now.
Lexus fills ‘big hole' in lineup with Texas-size TX crossover
Dealers have begun receiving their first Lexus TX large crossovers built in Indiana that are intended to keep younger buyers in the luxury brand as their families grow.
Strip club, weed shops offer UAW discounts
Dream Girls Detroit is letting in UAW members for free throughout the strike, and the Greenhouse of Walled Lake is giving half off.
Lithia Motors looks closer to Pendragon acquisition
Lithia Motors’ increased offer to acquire the dealership and fleet businesses of Pendragon could bring more long-term value to shareholders of the large U.K. auto retailer vs. a rival auto retailer’s preliminary proposal, one analyst said.