July wholesale used-car prices plunge
Cox Automotive said its Manheim index fell a seasonally adjusted 1.6 percent in July, which is smaller than the decline it recorded in June.
Lucid sees price cuts, Saudi market as sales drivers
After posting a second-quarter net loss of $764.2 million, Lucid Motors reiterated its 2023 production goal of 10,000 Air sedans after delivering 2,810 in the first half of the year.
BrightDrop Zevo electric vans to be sold in Mexico
It will be the 2-year-old unit’s third market, in addition to the U.S. and Canada.
Lucid's Q2 net loss widens to $764.2 million as EV price war rages
Competition from Tesla’s Model S and rising borrowing costs threaten the EV firm’s growth. Lucid slashed prices for its Air luxury sedan as part of an offer on Saturday.
Bosch e-bikes segment passes $1B in sales; why it matters for the auto behemoth
Bosch Group’s e-bikes segment has risen from a rounding error on income statements to $1 billion in annual revenue and the global market share leader.