Group 1 Automotive, Inc. released its financial results on Wednesday, which showed the international auto retailer posted record numbers for the first quarter. Net income for the quarter reached $202.9...
LMC Automotive and J.D. Power said in a report on Wednesday that they are predicting a drop in new vehicle sales in the U.S. for the month of April. Analysts...
California-based Lucid Group Inc. said this week that the government of Saudi Arabia has agreed to buy at least 50,000 Lucid vehicles throughout the next decade. Saudi Arabia, which owns over a...
In what’s arguably the most anticipated EV release, Ford’s production for the electric F-150 Lightning is now underway. As the first units rolled off the assembly line, a celebration for...
On Tuesday, South Korea’s Lotte Chemical and North Carolina-based electric vehicle battery maker Soelect announced they had signed a memorandum of understanding indicating a $200 million joint venture to create...
In a press release this week, Hertz said it will be partnering with Amazon Web Services (AWS) to “modernize and digitize the Hertz customer experience and key components of its new mobility...
India’s Road Transport Minister Nitin Gadkari continues his push to get Tesla to produce vehicles in the country despite ongoing disagreements about a potential manufacturing plant and taxes. On Tuesday, Gadkari said,...
On Monday, South Korea-based Kia Corp released its first-quarter results and reported a slight drop in net profit and sales. Net profit ended at approximately $825 million (1.032 trillion won ₩). In...
Hyundai released its first-quarter results on Monday, which showed a 19% hike in net profit despite sales decreasing by almost ten percent. The automaker said various factors played a role in the...
Controlled Thermal Resources (CTR) Chief Executive Officer Rod Colwell told Yahoo Finance that California’s Salton Sea might be one of the best places in the United States for mining lithium, which is critically needed...