Polestar to go public at $20 billion valuation via SPAC, sources say
The EV maker's valuation matches the reported valuation of its co-owner, Volvo Cars, and is nearly double the value of Renault.
Used-car pandemic hangover could last for years
Two major pipelines for lightly used cars and trucks are relatively empty.
The latest numbers on the microchip shortage: Loss projection passes 10M
The bulk of vehicles recently taken off production schedules were in the Asia-Pacific and North American regions.
Qualcomm eyes a larger role in defining next-gen vehicles
A $4.6 billion bid for automated-driving technology company Veoneer hints at the tech company's ever-broadening strategy.
Dealership megadeal reunites old friends
What ultimately what put the industry's latest megadeal in motion? The Rick Ford, Jeff Dyke connection.
New plug-in hybrids could be bridge to EVs
Mainstream plug-in hybrids are hitting the industry sweet spot: family-size crossovers. But will they sell?
Manley expected to ensure stability at AutoNation
His experience in dealership showrooms and automaker boardrooms should help him lead the expanding retailer's empire.
The exotics are maneuvering for a new future
Pursued by environmental regulators, exotic brands are in search of performance without the emissions.
EV maker Polestar to go public at $20 billion valuation via SPAC, report says
The premium EV maker, owned by China’s Geely and Volvo Cars, could announce its plan to go public as soon as Monday, Reuters reported.
Tesla Shanghai to make 300,000 cars from Jan.-Sept. despite chip shortage, report says
The factory makes the electric Model 3 sedans and Model Y crossovers for domestic and international markets, including Germany and Japan.