Amazon-backed Rivian shares jump in IPO debut
Amazon-backed Rivian shares popped as the newest publicly-traded electric vehicle maker.
Rivian prices shares at $78 in highly anticipated IPO
Rivian Automotive Inc. priced its highly anticipated initial public offering at $78 a share, well above its raised expectations, valuing the electric-vehicle maker at more than $77 billion on a fully diluted basis, according to a person familiar with the matter.
Infrastructure bill mandates that new cars monitor drivers for signs of impairment
The $1.2 trillion infrastructure bill passed by Congress last week includes a mandate that carmakers include technology in new vehicles that monitors drivers for impaired driving
Hyundai whistleblower gets $24 million from NHTSA in engine recall case
A former Hyundai engineer has been paid $24 million by NHTSA as part of a whistleblower program that pays for information that leads to civil penalties.
KBB data reveals new vehicle prices top $45K for first time: Keep your costs low with these 3 tips
New car prices rose to a new all-time high for the sixth consecutive month, surpassing the $45,000 mark for the first time. Here's how you can save money.
Electric Geely Homtruck to take on Tesla Semi with autonomous driving and built-in apartment
The electric Geely Homtruck semi lives up to its name with a fully-equipped mini apartment than includes a shower, kitchen, bed and toilet.
Biden hypes $1T bill impact on electric cars
Boasting about his $1 trillion infrastructure package, President Joe Biden overstated its reach by claiming it would result in 500,000 electric vehicle charging stations and meet his pledge to nudge half of U.S. drivers into EVs by decade’s end.
Companies grapple with post-pandemic inventories dilemma
Companies are wrestling with how big their inventories should be, since the pandemic highlighted the dangers of having both too much and too little stored away.
M&M's sponsoring Kyle Busch at NASCAR season finale despite conduct violation
Kyle Busch's car will be sponsored by M&Ms at the NASCAR Cup Series season finale a week after he was sanctioned by the series for using an insensitive term during a post-race interview.
Rivian sued for gender discrimination and retaliation by fired VP ahead of IPO
Former Rivian VP Laura Schwab has filed a gender discrimination lawsuit against electric truck startup Rivian days before it launches an IPO.
Democrats' spending bill lets wealthy claim tax credits on pricey electric vehicles
Democrats' proposed spending bill will allow households with yearly incomes as high as $500,000 to claim tax credits on pricey electric vehicles that cost up to $80,000.
NASCAR team charter values double to $12 million in 12 months
The value of a NASCAR Cup Series charter has doubled over the past year as interest in the racing series grows.
Toyota lifts annual profit outlook on a weaker yen
Japan's Toyota Motor Corp raised its profit outlook on Thursday helped by favorable currency rates but warned that the global semiconductor shortage still posed risks to its full-year production plans.
Tennessee Gov. Bill Lee names two officials to oversee Ford 'Blue Oval City' development
Tennessee Gov. Bill Lee unveiled a pair of appointments to the Megasite Authority of West Tennessee, the newly created entity tasked with overseeing the development of Ford Motor Company’s planned mega-campus near Memphis.
Ford issues vaccine mandate for salaried workers
Ford is requiring its salaried workers to get vaccinated against COVID-19 in order to comply with the Biden administration's requirement for federal contractors.
Ford sales improve, SUVs post best month in 21 years
Despite its overall October vehicle sales falling 4% year-over-year, Ford became the top-selling automaker for the second straight month as it continues to bounce back from a semiconductor chip shortage that has ravaged the industry.
Tech investor on Hertz ordering EVs: 'Everyone's trying to hitch their wagon to Tesla'
Jay Jacobs, head of research and strategy at Global X ETFs, weighs in on Hertz reportedly ordering 100,000 Tesla vehicles to its rental fleet, arguing that 'everybody wants to be a part of this electric vehicle movement.'
Tesla buyers have the longest auto loans, LendingTree study finds
The average length of an auto loan was 62.9 months during the past three years, peaking at 65.6 months this July, according to a report from LendingTree.com.
Avis Budget stock goes haywire
Avis Budget shares have joined the meme stock club soaring during Tuesday's trading session.
Tesla 'software communication error' prompts recall of nearly 12,000 US vehicles
The software glitch may cause a false forward-collision warning or an unexpected activation of the car's automatic emergency braking system, increasing the risk of a rear-end collision.



















