Amid mergers and lawsuits, it's ‘winner take most' for lidar companies
Money is tight, legal land mines abound, and companies are under pressure to slash prices while scaling production — or risk a competitor doing it first.
AutoNation joins Pendragon bidding war
A week ago, Lithia Motors Inc. revealed a potentially transformative deal to acquire the dealership and fleet businesses of U.K. auto retailer Pendragon and secure a pathway to a dealership management system. Now it faces yet another bid from a rival auto retailer.
Samsung plans $41M expansion of EV battery operations in Michigan
A $5 million performance-based grant, approved by the Michigan Strategic Fund board, was needed to keep the investment from going to Kokomo, Ind.
Auto suppliers, grappling with UAW strike, urge Biden to provide financial assistance
Letter to president: “Without federal assistance, the ability of the automotive industry to resume full manufacturing capacity is at risk.”
Possible Honda NSX successor to debut as EV at Japan Mobility Show
A possible all-electric successor to the NSX supercar will headline Honda’s booth at next month’s Japan Mobility Show as it pulls the wraps on three world premieres.