Jaguar and Land Rover dealers in Europe threaten legal action over new contracts
Dealers say new contracts will substantially reduce their margins after they have invested millions in their dealerships at JLR’s request.
Nissan credit rating cut to junk by S&P with profit, sales seen remaining weak
Nissan’s profitability will continue to lag behind its competitors for the next one to two years S&P said, as supply-chain issues persist.
Founders of Ford’s defunct Argo unit launch new self-driving startup, report says
The venture by Bryan Salesky and Pete Rander will be backed by an investment from a company that approached them about starting a full-scale AV firm, Bloomberg reported. The identity of the backer wasn’t immediately clear.
NHTSA investigating how Zoox self-certified its robotaxi
NHTSA said in a filing made public Monday that it will examine the process and technical data that Amazon-owned Zoox relied on when certifying that its robotaxi met federal requirements to travel on public roads.
Luminar's deal with Swiss Re links lidar to car insurance rates
Lidar maker Luminar, following a $446 million loss in 2022, unveiled strategic partnerships, acquisitions and a rebrand of its semiconductor business at its first investor day.