Volvo creates U.S. and Canada division; Gustafsson will step down
Michael Cottone, a 21-year Volvo veteran, will lead newly configured unit in surprising move.
Carvana adopts shareholder rights plan
Carvana said it has adopted a “poison pill” to limit shareholders from increasing stake, making it difficult for the used car retailer to use its net operating loss (NOL) carryforwards to reduce tax.
Teslas lose resale value as Musk slashes prices
Tesla cuts prices as much as 20 perent and customers are feeling duped.
Chevy electrifies Corvette with $104,295 E-Ray awd hybrid
Chevy says the car, arriving later this year, will be the quickest Corvette yet with a 0-to-60 mph time of just 2.5 seconds.
Ford is scaling down VW partnership for EVs
Ford will use its own technology for future electric cars after it has launched two EVs based on VW Group’s MEB electric-only architecture.