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Electric truckmaker Xos to go public via $2 billion SPAC deal

Some of Xos' customers include United Parcel Service, armored car service company Loomis and transportation company Lonestar. Xos CEO Dakota Semler sRead More

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Brockman tax probe linked to employee lawsuit from New! 2021-03-03 19:09:47Bob Brockman's brother, Dave Brockman, told The Wall Street Journal that his brother "went out to make something of himself" after growing up in Fl

Vroom's Q4 net loss widens on expenses amid New! 2021-03-03 18:32:11The online used-vehicle retailer also said it acquired CarStory, a Texas automotive retail analytics and digital services company, in January.

Fuccillo Automotive employee arrested on suspicion of stealing New! 2021-03-03 15:40:53Joseph Pompo, who was corporate director of finance, reinsurance and taxation for the dealership group, is accused of forming a reinsurance company us

CarMax plans bonuses for 22,000 employees to reward New! 2021-03-03 15:05:13The nation's largest used-vehicle retailer said the bonuses were going to more than 80 percent of its employees.

U.S. will review impact of SK Innovation ruling New! 2021-03-03 14:11:33Sen. Raphael Warnock said the ruling "seriously threatens" the viability of SK Innovation's $2.6 billion Georgia plant with 2,600 planned workers,

Ford compensating Mustang Mach-E buyers for delays amid New! 2021-03-03 12:54:05The automaker said it would cover the first month's payment of up to $1,000 for some owners and provide more free charging as 4,500 vehicles are bein

Consumer Reports launches recommendation label program New! 2021-03-03 12:26:36The consumer research nonprofit organization said one of the main goals is to break through a flood of fake product reviews that circulate online and

KAR Global names Kelly new CEO; Hallett to New! 2021-03-03 11:58:51Peter Kelly has a long history with KAR. The company credits him for ramping up startup technology to boost KAR's status as a private-label online au

Sonic Automotive CEO David Smith indicted on 4 2021-03-03 11:22:59The procedural action moves Smith's criminal case along in Mecklenburg County Superior Court. Smith's lawyer has said Smith will plead not guilty to

CFPB nominee vows to enforce fair lending, scrutinize 2021-03-03 09:54:33At his confirmation hearing Tuesday, Democratic Senators pushed Rohit Chopra to revive the CFPB after the Trump administration weakened enforcement an

CFPB nominee vows to enforce fair lending, scrutinize 2021-03-03 09:54:33At his confirmation hearing Tuesday, Democratic Senators pushed Rohit Chopra to revive the CFPB after the Trump administration weakened enforcement an

GM extends vehicle production cuts due to chip 2021-03-03 09:40:24GM did not disclose the impact on volumes or say which supplier or parts were affected by the chip shortage, but said it intends to recover as much of

Automotive news - from

More XPeng EVs head to Norway 2021-02-04 11:12:00XPeng has shipped a second batch of over 200 G3 smart electric SUVs to Norway. This follows an earlier initial batch of 100 in December 2020.

Ford terminates EV plans with Zotye 2021-02-04 09:45:00Ford has decided to terminate plans to launch electric vehicle joint ventures with China's Zotye Auto.

UK CV sales off to a good start 2021-02-04 08:53:00The UK new light commercial vehicle (LCV) market enjoyed growth in the first month of 2021, according to data from the Society of Motor Manufacturers

Constellium planning a recycling investment in Europe 2021-02-04 08:09:00Constellium on Thursday announced it was in the advanced planning stages of an investment to increase its recycling capacity in Europe.

Scania to test self-driving trucks on motorways 2021-02-04 06:18:00Scania has been granted permission by the Swedish Transport Agency to test self-driving trucks on the E4 motorway between Södertälje and J&o

Perodua targets record sales and output in 2021 2021-02-04 06:04:00Perodua, Malaysia's second national car company, said it aimed to increase sales by 9% to 240,000 vehicles in 2021 from 220,163 units in 2020.

UK car market down 39.5% in January 2021-02-04 06:00:00New car sales in the UK were down almost 40% in January as showroom closures due to population lockdowns stifled demand.

GM Korea to cut output due to chip 2021-02-04 05:33:00GM Korea said it would cut production by 50% at one of its three plants from next week due to the global shortage of semiconductors.

Valeo commits to carbon neutrality by 2050 2021-02-04 03:39:00Valeo says it is committed to achieving carbon neutrality by 2050 and will have reached 45% of its objective by 2030.

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