Penske Automotive Q1 earnings drop on record revenue
Penske Automotive’s Q1 retail automotive same-store service & parts revenue was $643 million, up 10 percent from the same period a year ago.
Honda CEO Toshihiro Mibe outlines multistep plan to jump ahead in EVs
Honda’s radical revamp will move into high gear from 2025 and hinges on new models, better batteries, powerful software and a transformed driver interface, along with dedicated EV factories and overhauled production.
McLaren sharpens its benchmark 720S with new 750S
The new 750S is McLaren’s lightest and most powerful production model.
Aurora's stock gains ground while some self-driving truck competitors stall
Aurora Innovation Inc. has seen its stock price record modest gains while competitors in the self-driving truck segment struggle. A prospective sale might boost the company, one analyst said.
Stellantis to cut 3,500 hourly U.S. jobs through buyout, retirement offers, UAW local says
Retirement-eligible workers hired before ratification of Chrysler’s 2007 contract with the UAW can get $50,000 to leave their job, while those with at least one year of service can receive a lesser payment.