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Lordstown Motors has closed a deal to sell its 6.2 million-square-foot Ohio factory to Foxconn for $230 million plus the reimbursement of approximately $27 million in operating and expansion costs.

Stifel analyst Scott Devitt has downgraded the used car dealer's stock from "buy" to "hold" and slashed the firm's price target from $115 to $40 per share.

Ford CEO Jim Farley says the idea for the F-150 Lightning was suggested by a big investor and that the all-electric truck is "history in the making" for the automaker.

A federal judge has found that Tesla Inc. CEO Elon Musk's 2018 tweets that funding was secured to take the automaker private were reckless.

Toyota Motor Corp. said Wednesday that its fourth-quarter net profit fell 31% compared with the same period a year earlier and projected a drop in earnings for new fiscal year due to higher costs.

Online car dealer Carvana Co. plans to lay off 12% of its workforce after closing a deal to expand operations that forced the company to borrow on onerous terms.

Wholesale used car prices were down 1% in April, marking four straight months of declines.

California is working to reduce its greenhouse gas emissions by "40% below 1990 levels by 2030," according to the California Air Resources Board.

Ford will fine dealers $25,000 if they sell their electric F-150 Lightning demo trucks early.

Rivian automotive shares may be poised to flood the market as the post-IPO lockup period for the electric vehicle maker expires on Sunday.

Lyft Inc. stock plunged 26% on Tuesday after the ride hail company said it would have to spend more heavily to attract drivers and forecast operating earnings less than a quarter of Wall Street targets, reflecting the added costs.

Car insurance costs have risen significantly in recent months, even outpacing record-high inflation, according to recent data. Here are a few ways to potentially save on your auto insurance policy.

The Biden administration will allocate more than $3 billion in infrastructure funding to finance electric vehicle (EV) battery manufacturing, U.S. officials said on Monday.

Tesla issued a recall for 48,184 Model 3 cars due to a problem with the speedometer's display while in “Track Mode."

Customers looking to use the Ford F-150 Lightning electric pickup truck to charge their homes in the event of an outage will pay a hefty price tag.

GM CEO Mary Barra told the Milken Institute Global Conference that experience working on the Pontiac Grand Prix assembly line in a co-op program has informed her job today.

To date, at least 230 cases have been filed against Hertz through an expansive lawsuit in Delaware bankruptcy court seeking over $750 million in damages.