Growing Lithia Motors has added industry veteran Jim Lentz to its board of directors.
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Morgan County Superior Court Judge Brenda Trammell rejected the agreement between the local development authority and the Amazon-backed EV company.
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The company didn’t disclose terms of the planned share sale in its filing Friday with the U.S. Securities and Exchange Commission. Mobileye will continue to be controlled by Intel after the IPO, according to the filing.
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In June, GM said it would sharply cut Bolt prices after it halted sales for six months following a battery recall.
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A new ad plugs the brand’s first EV and includes members of Wakanda’s all-female Royal Guard.
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Lithium demand is forecast to almost triple by mid-decade from last year’s level, BloombergNEF said in a July report. Prices hit a new record in China last month.
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The semiconductor supply situation will remain "very complicated" and begin to ease only toward the end of 2023, Stellantis CEO Carlos Tavares told a French newspaper.
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A number of brands now intend to go fully electric later this decade, while others are still several years away from introducing their first EV.
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Heavy-duty trucks are high-margin profit machines that will be key to funding automakers' electric ambitions, but executives say the segment is likely to be among the last in the industry to get battery power — if it ever does.
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The EV maker said "it is becoming increasingly challenging to secure vehicle transportation capacity and at a reasonable cost," but some analysts were also concerned about demand for high-ticket items due to the weakening global economy.
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