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Automakers

Report: Saudi fund also in talks to invest in aspiring Tesla rival Lucid Motors

PIF and Lucid Motors have drawn up a term sheet under which PIF could invest more than $1 billion in Lucid Motors and obtain majority ownership, sources told Reuters.


Checking Honda's Passport

Honda's revived Passport crossover has been spotted road testing in California.

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MORE OEM/SUPPLIER NEWS MANUFACTURING REGULATION/SAFETY
Just give them a choice

Lexus global president Yoshihiro Sawa says electric vehicles will not suit everyone and buyers will need choices.

Sergio's way is the highway

For a few days, a street in Toledo was dubbed "Sergio Marchionne Way", in honor of the Fiat Chrysler Automobiles CEO who died July 25.

Hyundai's N line gets a running start

Encouraged by the promising start of its performance line in a demanding European market, Hyundai hopes its upcoming Veloster N sports car can raise its perception among U.S. buyers.

Number to Watch

General Motors estimates a $1 billion dollar increase in its 2018 material costs, with tariffs contributing to a number that is double its earlier forecast.

Genesis' first crossover a year away

In 2022, Genesis plans to have a stand-alone network of dealers and a sufficiently diverse lineup of vehicles for them to sell as it seeks to take its place alongside the industry's leading luxury marques.

Software provider sues Case auto group

A major provider of dealership management software is suing Rick Case Automotive Group for allegedly breaching its license agreement and misappropriating trade secrets.

Hyundai-Kia pipeline shows group's versatility

Korean auto brands, which ruled J.D. Power's closely watched quality rankings this year, are improving their product arsenals and better aligning their U.S. portfolios to meet demand for crossovers.


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