PIF and Lucid Motors have drawn up a term sheet under which PIF could invest more than $1 billion in Lucid Motors and obtain majority ownership, sources told Reuters.
Following the recent start of production in the Czech Republic, Skoda UK has detailed its facelifted Fabia line.
Volkswagen chief executive Herbert Diess reportedly was told about the existence of cheating software in cars two months before regulators blew the whistle on what became a multi-billion euro exhaust emissions scandal, media reports said.
Tesla's CEO sees no option but to keep working at his current relentless pace, no matter the deepening concerns of board members and investors about his health and stability.
New vehicles sales in Malaysia jumped by 41% to a near-record 68,465 units in July from 48,553 units in the same month of last year, according to the Malaysian Automotive Association (MAA).
Daimler said it's working with German authorities to resolve issues with emissions irregularities with its diesel-powered vehicles. The company rejected a magazine report about a recall of thousands of vehicles as already widely known.
BMW Group Malaysia has begun exporting locally-assembled Minis to Thailand under the ASEAN Trade in Goods Agreement (ATIGA).
Ford reportedly has told British politicians it would take "whatever action is needed" to protect its business over Brexit.
Volkswagen has agreed to a salary increase of nearly 6 percent for workers in Mexico and another raise for next year, the company's Mexican union said, averting a potential strike.
Volkswagen has agreed to a salary increase of nearly 6 percent for workers in Mexico and another raise for next year, the company's Mexican union said, averting a potential strike.
Volkswagen has agreed to a salary increase of nearly 6 percent for workers in Mexico and another raise for next year, the company's Mexican union said, averting a potential strike.
For a few days, a street in Toledo in Ohio was called "Sergio Marchionne Way", in honor of the Fiat Chrysler CEO who died July 25.
Lexus global president Yoshihiro Sawa says electric vehicles will not suit everyone and buyers will need choices.
For a few days, a street in Toledo was dubbed "Sergio Marchionne Way", in honor of the Fiat Chrysler Automobiles CEO who died July 25.
Car dealer and philantropist Gerry Lenfest, who died Aug 5, may have set a record when he handed out $2 million dollars in bonus checks to employees two years ago.
China has emerged as a global incubator for next-generation electrified driving and as a potent Silicon Valley rival. Some call it a boom, others a bubble. To understand the China EV craze, look no further than Byton.
A major provider of dealership management software is suing Rick Case Automotive Group for allegedly breaching its license agreement and misappropriating trade secrets.
Auria is launching a new technology in sound and vibration deadening for GM, to the tune of $100 million.
A California dealership, Longo Toyota, has developed a store website for its Spanish-speaking customers.
JCI has given itself until November to decide whether to spin off its battery business, sell it outright or keep it.
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