DETROIT (Reuters) – Polestar, the premium electric vehicle maker owned China’s Geely and Volvo Cars, would like to eventually be publicly listed, but the immediate…
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China auto sales surge in July, log fourth straight month of gains
BEIJING/SHANGHAI (Reuters) – China’s auto sales in July climbed 16.4% from a year earlier, the fourth consecutive month of gains as the world’s biggest vehicle…
U.S. auto sales pandemic recovery continues as Toyota decline slows
DETROIT (Reuters) – U.S. new vehicle sales in July continued to show signs of recovery from the coronavirus pandemic, as Toyota Motor Corp (7203.T) on…
Ford lifted by VW's Argo investment, posts quarterly profit
(Reuters) – Ford Motor Co (F.N) on Thursday posted a quarterly profit thanks to an investment by Volkswagen AG (VOWG_p.DE) in its self-driving Argo AI…
GM says it can pay off $16 billion loan if U.S. recovery continues
(Reuters) – General Motors Co (GM.N) on Wednesday said if the U.S. economy continues to recover from the coronavirus pandemic and the auto industry does…
Nissan forecasts record $4.5 billion annual loss as pandemic hinders turnaround efforts
TOKYO (Reuters) – Nissan Motor Co (7201.T) forecast on Tuesday its biggest-ever annual operating loss and said it expects vehicle sales to tumble 16% as…
Uber acquires public transportation software company in latest transit expansion
(Reuters) – Uber Technologies Inc on Thursday announced the acquisition of transit software provider Routematch, marking the ride-hailing company’s latest move toward expanding its business…
Tesla rival Rivian adds $2.5 billion investment led by T. Rowe Price
(Reuters) – Electric vehicle startup Rivian, which is backed by Amazon (AMZN.O) and Ford Motor (F.N) and aims to put an electric pickup and SUV…
California wants judge to classify Uber, Lyft drivers as employees
(Reuters) – California plans to ask a state court judge to force Uber Technologies Inc and Lyft Inc to classify their ride-hail drivers as employees…