The company, which is developing autonomous driving technology for long-haul trucking, is set to have a valuation of $3.3 billion

The automaker has said the shortage will likely affect the production of 500,000 vehicles this year.

The automaker is seeking damages over claims that the dealership withheld customer payments for the $3 million hypercar.

Volkmar Denning, 64, will step down as head of the supplier at the end of the year in a management shuffle that will also include a new finance chief and and supervisory board chairman.

Environmental resistance, red tape and planning tweaks mean that it is unclear when the first vehicles will roll off the production line of the electric car maker's first European factory.

Billy Fuccillo Sr., CEO of Fuccillo Automotive Group with stores in New York and Florida, died Thursday.

Lordstown Motors has warned it may not be able to continue as a "going concern" if it cannot raise more money to retool its factory in Lordstown, Ohio, for high-volume production.

Franck Louis-Victor, 48, will oversee the company's autonomous vehicle and mobility services teams as well as its Ford X incubator.

The operations produce several popular Subaru vehicles exported to the U.S., including the Forester, Crosstrek, BRZ and WRX.

Audi will end production of new internal combustion engine models by the end of 2026 and will focus on full-electric drivetrains, CEO Markus Duesmann told his top managers, German media reports said.