Geely says it has no plan to buy FCA

Geely said it has no plan to buy Fiat Chrysler, denying an Automotive News report that the Chinese company was one of the suitors for the Italian automaker.

Fiat Chrysler joins BMW, Intel self-driving alliance

Fiat Chrysler is joining the self-driving alliance led by BMW, Intel and Mobileye, becoming the second automaker in the year-old group to opt to partner in developing an autonomous driving platform. The alliance plans to put both Level 3 and Level 4/5 automated driving technology into production by 2021.

Three-wheeler producer Elio Motors seeks to raise $100M

Three-wheel vehicle producer Elio Motors is seeking to raise $100 million -- and fast -- as the company seeks to shore up its deteriorating finances.