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Amazon snaps up option to buy stake in self-driving truck startup Plus

Amazon snaps up option to buy stake in self-driving truck startup Plus

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


Nissan plans to adjust production in July due to chip shortage, report says

Nissan plans to adjust production in July due to chip shortage, report says

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


Aston Martin sues Swiss dealer over Valkyrie payments

Aston Martin sues Swiss dealer over Valkyrie payments

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


Bosch CEO to depart in management shakeup, reports say

Bosch CEO to depart in management shakeup, reports say

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.


What

What's happening with Tesla's $7 billion German factory?

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.


N.Y., Florida dealer Billy Fuccillo Sr. dies at 65

N.Y., Florida dealer Billy Fuccillo Sr. dies at 65

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


Lordstown Motors is

Lordstown Motors is 'evaluating strategic partners' in funding search

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.


Ford adds Renault exec to lead new business operations

Ford adds Renault exec to lead new business operations

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


Subaru to idle two Japan plants July 16 due to chip shortage

Subaru to idle two Japan plants July 16 due to chip shortage

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


Audi CEO reveals timetable for brand to become electric-only

Audi CEO reveals timetable for brand to become electric-only

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.