The seller, Hong Kong-based Integrated Whale Media Investments, terminated the agreement with Russell, who couldn’t close the deal, according to an internal memo from Forbes Chief Executive Officer Mike Federle. Source: autonews.com … [Read more...]

The project in Marshall, Mich., is now expected to create 1,700 jobs, a 32 percent reduction from the 2,500 announced previously. Source: autonews.com … [Read more...]

Australian carbon-fiber wheel supplier Carbon Revolution plans to open a North American factory in the coming years that would be capable of producing hundreds of thousands of wheels annually. Source: autonews.com … [Read more...]

The first batch of solid-state batteries for Toyota will likely be enough to supply only a couple thousand EVs, and "mass production" starting in 2030 will support just over 10,000. The figures underscore the limited initial impact of solid-state technology, despite its promise. Source: autonews.com … [Read more...]

The insurer’s problems fit into a pattern of rushed and sloppy management leading to troubles across Elon Musk’s technology and manufacturing empire. Source: autonews.com … [Read more...]

Fisker, which announced its third-quarter results on Nov. 13, said it received a notice from the New York Stock Exchange for late filing of its quarterly report. Source: autonews.com … [Read more...]

Stellantis and CATL are finalizing plans for a plant in Europe to produce low-cost lithium-iron-phosphate EV batteries. Source: autonews.com … [Read more...]

The entirety of Rivian’s product teams — including employees in areas such as software, autonomy and design — will now report directly to Scaringe, according to a regulatory filing. Source: autonews.com … [Read more...]

The Japanese automaker said it will hike top wages for workers at U.S. manufacturing plants by 10 percent in January. Source: autonews.com … [Read more...]

The company is cutting dealer training costs by half and reducing the number of chargers its retailers must install. It is also delaying the deadline to install chargers, citing supply chain shortages. Source: autonews.com … [Read more...]

The automaker had used the game to promote its EV ambitions, often using celebrities such as Will Ferrell. Source: autonews.com … [Read more...]

Police records show the alleged thefts began a month after Nicholas Holley started working at the dealership. Source: autonews.com … [Read more...]

The CFPB said Toyota Motor Credit will pay a $12 million civil fine, and $48 million to harmed consumers. Source: autonews.com … [Read more...]

The 2023 Detroit 3 negotiations have inspired plenty of debate, so it’s time to address the elephant in the room: Did U.S. or Canadian autoworkers get the better deal? Source: autonews.com … [Read more...]

Kyle Vogt's departure is the latest fallout from a safety crisis at the beleaguered self-driving subsidiary of General Motors. Source: autonews.com … [Read more...]

The outgoing CEO of Cruise, General Motors' robotaxi unit, on Saturday apologized for the company's situation following an accident that led to the pause of its self-driving vehicle operations while it conducts a safety review. Source: autonews.com … [Read more...]

Tesla added a section to its order agreement banning buyers from flipping their Cybertruck within a year of purchase, but it later deleted the clause without explanation. Source: autonews.com … [Read more...]

Automotive News Publisher KC Crain spoke with Michael Schiebe, CEO of AMG and Head of the Mercedes-Benz G-Class & Mercedes Maybach business units, about F1 engineering innovations. Source: autonews.com … [Read more...]

Cruise, the robo-taxi unit of General Motors, suspended the program under which GM buys back employees' shares, following an accident that led to the pause of its self-driving vehicle operations. Source: autonews.com … [Read more...]

A Mercedes sedan turned into an off-roader by Houston high school auto tech students was named a semifinalist in a global Hot Wheels competition. Source: autonews.com … [Read more...]