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A Michigan Court of Claims judge has denied Carvana's request for a temporary restraining order against Michigan Secretary of State Jocelyn Benson for suspending its Novi dealership operations.
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Automakers will spend nearly $1.2 trillion through 2030 to develop and produce millions of electric vehicles, EV batteries and raw materials.
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Continuing chip shortage bedevils world’s biggest carmaker, which falls short of a new record.
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CEO acknowledges that greater market woes may be on the horizon.
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BMW Board Chair Olive Zipse says the move will put vehicle ownership out of reach for many people, and could be politically dangerous.
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The grants will fund projects designed to boost U.S. manufacturing of electric vehicle batteries and domestic mineral production.
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FTC accused Passport Automotive Group of deceitful ads, charges, and discriminatory lending.
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Carmaker says it aims to produce own energy for manufacturing, as it debuts EV Jeep Avenger.
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Repossessions are beginning to show up in the market and with fuel prices returning to a level last seen in February of this year, the Car segment valuations are taking the hardest hit.
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