Volkswagen Sheds Bugatti, Maker of Over-the-Top Sports Cars
Despite sticker prices in the millions, the storied brand chronically lost money. The Croatian firm Rimac will take a controlling interest.
Federal prosecutors are looking into Lordstown, the electric truck company.
It was not clear what issues the prosecutors, with the U.S. attorney’s office in Manhattan, are looking into.
Tesla Sales More than Double in the Second Quarter
Tesla said sales doubled in the second quarter, but Ford reported a more modest increase as the industry grapples with a semiconductor shortage.
Here’s How Biden Aims to Increase Electric Car Sales
The president wants to use pollution rules to rapidly lift sales, but there are hurdles ahead.
Nissan Plans U.K. Battery Factory, a Lift for Post-Brexit Automaking
The Japanese carmaker will also manufacture a new electric vehicle in England as part of a £1 billion investment, partially supported by the government.
Lordstown Motors Invites Investors and Analysts to Its Factory
After an executive shake-up and conflicting statements about prospects for its electric pickup truck, the start-up is inviting investors to pay a visit.
Lordstown Says it Has No ‘Binding’ Orders
The start-up gained attention by purchasing a shuttered General Motors factory in Ohio in 2019. At the time, G.M. was under pressure from President Trump to find a buyer for the plant.
G.M. to Boost Electric Vehicle Spending, Build Battery Plants
General Motors’ push to increase E.V. spending follows an announcement by Ford that it would start making an electric version of its F-150 pickup truck this year.
Lordstown Motors’ Top Executives Resign After Board Investigation
The company’s top executive resigned after the struggling automaker released an investigation by its board.
Ford Motor Shows Signs of Revival Under Jim Farley
Analysts credit the new chief executive, Jim Farley, with energizing the automaker, which still faces challenges.