Ford sued Blue Cross Blue Shield Association in U.S. court on Wednesday, accusing it of a price-fixing conspiracy that caused the automaker to pay inflated costs for health insurance products for its employees.
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Jeep head designer Mark Allen is retiring and North American interior design lead Chris Benjamin left for VW's Scout Motors brand.
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Ed Morse Automotive Group further bolstered its domestic brand store offerings with the purchase of three Illinois dealerships in two May acquisitions.
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UAW workers at two auto parts supplier plants remain on strike in suburban Toledo and suburban Detroit. The UAW is in talks with the company in Detroit but no negotiations are scheduled in Toledo.
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Investors said Musk used Twitter posts, online influencers, his 2021 appearance on NBC's "Saturday Night Live" and other "publicity stunts" to trade profitably at their expense.
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CEO RJ Scaringe says the R1T pickup can spin like a tank — as shown in a viral 2019 video — but the potential for environmental damage is too great.
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The California startup said its first production vehicles will have three electric motors, 1,050 hp and 381 miles of estimated EPA range.
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The company is launching a new branding campaign and debuted a revised logo in a bid to market itself as offering broader vehicle services to consumers.
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NHTSA in May demanded the recall of 67 million airbag inflators produced by ARC because they could project metal fragments into vehicle occupants. ARC rejected the request.
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A common stock offering has the majority of the money coming from the EV maker's Saudi owners after a more than 60 percent stock slump in the last year.
Continue Reading the above article 'Lucid raising $3 billion with more money from Saud...