BizLizzy Reporter, Author at Business, Science & Industry News

Luminar Q2 net loss narrows to $130.6 million; debt restructuring deal reached
Auto August 8, 2024 , by BizLizzy Reporter
The lidar supplier said revenue grew 2 percent to $16.5 million. Read More
Losses continue to pile up at Rivian and Lucid in Q2
Auto August 8, 2024 , by BizLizzy Reporter
Both EV makers have received large cash infusions to help stem cash burn and pay for continued […]
Sonic executive calls out automakers for inventory pileups
Auto August 8, 2024 , by BizLizzy Reporter
Sonic said its days’ supply for some brands is as much as 200 days. Read More
China auto market hits milestone as EVs, hybrids make up half of July sales
Auto August 8, 2024 , by BizLizzy Reporter
Half of all vehicles sold in China in July were either new pure electric vehicles (EV) or […]
Openlane's vehicle volume up 7%, revenue rises 3.6% in Q2
Auto August 8, 2024 , by BizLizzy Reporter
The CDK outage in June disrupted operations for some of Openlane’s clients, which had a “small” impact […]
Auto suppliers are slashing R&D. That could turn into a big problem.
Auto August 8, 2024 , by BizLizzy Reporter
Some of the world’s largest, most tech-savvy parts producers have hit the brakes on spending in part […]
ACV Auctions says Q2 net loss widened to $17M, revenue rises 29%
Auto August 8, 2024 , by BizLizzy Reporter
ACV Auctions said the number of used vehicles sold by dealers and commercial auto companies on its […]
How Tesla's NACS plug won over automakers
Auto August 8, 2024 , by BizLizzy Reporter
Tesla’s charging connector is slimmer and easier to handle than the competing CCS standard. But what really […]
GM’s new Detroit headquarters is taking shape — but don’t overlook revamped Warren Tech Center
Auto August 8, 2024 , by BizLizzy Reporter
GM, which is leaving the Renaissance Center to be the marquee office tenant of the new $1.4 […]
China's MG Motor to build manufacturing plant, R&D center in Mexico
Auto August 8, 2024 , by BizLizzy Reporter
A Mexico factory would continue the global expansion of the former British brand, which has plants in […]
Ram Professional unit looks to grow truck brand's commercial business
Auto August 7, 2024 , by BizLizzy Reporter
Ram’s commercial team is touting a product slate with the brand’s most diverse set of powertrains ever, […]
Fed's Powell doesn't rule out small rate cut in September
Auto August 7, 2024 , by BizLizzy Reporter
Investors foresee and Federal Reserve Chairman Jerome Powell hasn’t ruled out a cut to the Fed’s benchmark […]

Breaking News

Business, Science & Industry News

Luminar Q2 net loss narrows to $130.6 million; debt restructuring deal reached

Losses continue to pile up at Rivian and Lucid in Q2

Sonic executive calls out automakers for inventory pileups

China auto market hits milestone as EVs, hybrids make up half of July sales

Openlane's vehicle volume up 7%, revenue rises 3.6% in Q2

Auto suppliers are slashing R&D. That could turn into a big problem.

ACV Auctions says Q2 net loss widened to $17M, revenue rises 29%

How Tesla's NACS plug won over automakers

GM’s new Detroit headquarters is taking shape — but don’t overlook revamped Warren Tech Center

China's MG Motor to build manufacturing plant, R&D center in Mexico

Ram Professional unit looks to grow truck brand's commercial business

Fed's Powell doesn't rule out small rate cut in September

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