U.K. dealer group Lookers says acquisition by Global Auto unlikely to get approval
Global Auto Holdings, which is affiliated with Canada’s Alpha Auto Group, aimed to buy Lookers for about $601 million, but shareholders are opposing the deal.
Audi, China's SAIC reach agreement on joint EV projects
Audi and SAIC will partner on electric vehicle projects as Audi seeks to reverse a sales slump in the key market.
Heat wave lowers driving range in some EVs by 31%
The historic heatwave gripping much of the U.S. and the world is impacting electric vehicle battery range.
Redesigned Mercedes-AMG GLC is brand's first performance hybrid crossover
The Mercedes-AMG GLC 63 S E Performance pairs a 2.0-liter turbo engine with an electric motor to create a combined 671 hp.
Tesla directors settle compensation lawsuit, agree to return $735M in stock options
The settlement resolves a 2020 lawsuit by a retirement fund which holds Tesla stock and challenged stock options that were granted to Tesla directors starting in June 2017.