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FTC

FTC returns $9.8 million to Napleton Automotive Group customers impacted by...

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In April of this year, the Federal Trade Commission (FTC) and the State of Illinois filed a complaint against Napleton, a sizable multi-state auto dealer...
Carvana

Carvana stock has decreased 97% in value so far in 2022

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Carvana’s stock has been downgraded to perform from outperform on Tuesday after analysts said that near-term challenges for the used-car retailer were “unlikely to...
Jay Leno

Jay Leno is recovering from severe burns after car fire

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Former “Tonight Show” host Jay Leno is recovering from serious burns he suffered in a garage fire over the weekend in Los Angeles. The 72-year-old...
Lucid Motors

Lucid Motors starts delivering Touring Air, unveils electric Gravity SUV

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Lucid Motors has officially launched its newest luxury electric vehicle, the Air Touring, and the company says the Air Pure will follow later this...
GM

GM CEO Mary Barra predicts electric vehicles will be profitable by...

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General Motors Chief Executive Officer Mary Barra is scheduled to speak during the company's Investor Day on November 17. She is expected to outline...

Study reveals most car buyers ‘somewhat familiar’ with new EV tax...

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Cox Automotive Mobility's newest survey found that electric vehicle owners are only 'somewhat familiar' with new EV tax credits included in the Inflation Reduction...
Faraday Future

Faraday Future strikes $350 million financing deal to support FF 91...

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Faraday Future Intelligent Electric Inc, a California-based global shared intelligent electric mobility ecosystem company, announced on Monday that it had reached an agreement with...
Porsche

Porsche teases its first electric SUV prototype, the 2024 Macan

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Porsche is readying for the release of its upcoming 2024 Macan Electric SUV, which the company says is less than two years away from...
Volvo

Volvo CEO Jim Rowan predicts EV pricing will drop to ICE...

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Volvo Cars CEO, Jim Rowan, says he expects electric vehicles to reach price parity with fossil fuel-burning vehicles sooner rather than later, giving a...
Wallbox

BofA analyst upgrades Wallbox stock to ‘buy’ as US EV sales...

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Bank of America says Wallbox, a Barcelona-based maker of electric vehicle chargers, has the potential to nearly double in valuation. Analyst Alexander Virgo upgraded Wallbox...