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The credit will be included in a broader legislative package that revives key portions of President Joe […] -
Rivian is cutting 6 percent of its work force as part of a restructuring. The EV maker’s […]Rivian cuts 6% of work force; Illinois factory will not be impacted
Auto July 27, 2022 -
The automaker’s adjusted earnings more than tripled as it managed a significant production increase after more than […]Ford generates $667 million in Q2 net income as revenue jumps 50%
Auto July 27, 2022 -
This is the first loan from the Advanced Technology Vehicles Manufacturing (ATVM) Loan Program finalized since 2011. […]U.S. finalizes $102.1 million loan to Syrah Resources for Louisiana plant
Auto July 27, 2022 -
The bipartisan bill — known as the CHIPS and Science Act, or “CHIPS-plus” — provides more than […]Senate passes semiconductor industry bill with $2 billion for auto-grade chips
Auto July 27, 2022 -
Ally Financial remains bullish about both offered to car shoppers further despite high inflation and the . […]Ally: Room for more car rate increases without affecting demand
Auto July 27, 2022 -
The second-biggest supplier of chips to the auto industry is “very cautious” on the outlook for high […]NXP Semiconductors bullish on chip shipments to automakers
Auto July 27, 2022 -
Revenue fell 11% in the latest quarter, due to a weaker model mix, inflation and adverse currency […]Jaguar Land Rover losses mount amid slow ramp up of new Range Rovers
Auto July 27, 2022 -
Toyota said heavy rains, especially in its home prefecture of Aichi in central Japan, impacted procurement of […]Toyota to cut domestic production by 4,000 vehicles in July after rain snarls supplies
Auto July 27, 2022 -
CEO Adrian Hallmark did not give a reason for the delay of the EV, which is part […]Bentley delays launch of first full-electric car
Auto July 27, 2022 -
The Mini Concept Aceman debuts new technologies and design language that will be a template for future […]Mini Concept Aceman hints at a beefy new EV crossover
Auto July 26, 2022 -
Hyundai admitted no wrongdoing in the case, in which its captive finance company was accused of giving […]Hyundai settles CFPB auto credit reporting case for $19M
Auto July 26, 2022