Lordstown's challenge: Starting deliveries of Endurance EV pickup in a year

The Future of Mobility Commission plans to propose a new regulatory framework to address a global transportation sector "on the cusp of a worldwide transition driven by shared, connected, autonomous, and electric technologies."

Despite sales being down as a result of COVID-19's impact on the supply chain, American Axle reported net income and adjusted free cash flow growth in the third quarter.

Lear's improvement in sales is hinged on increased market share, considering global production for Lear declined 3 percent during the quarter compared with a year earlier.

The announcement comes just days after the German company struck a deal with Alphabet Inc.'s Waymo to use its driverless technology on heavy trucks.

Splitting out the unit that supplies batteries to Tesla and other automakers will cement the South Korean supplier's status as a key challenger to China’s Contemporary Amperex Technology Co. as global demand for electric vehicles rises.

After decades of focusing on making and selling cars, Toyota is increasingly turning to partners to help develop expensive new vehicle technologies as it tries to transform itself into a mobility services company.

The automaker controlled by Volvo Cars and Zhejiang Geely Holding is in advanced talks with investors to raise $800 million to $900 million, according to Reuters, while Bloomberg reported that the figure is at least $500 million.

The Transportation and Treasury departments argue the spectrum shift could jeopardize safety and put the U.S. at a competitive disadvantage in vehicle connectivity and smart infrastructure.

Degenhart is likely to be succeeded by the head of the supplier's automotive operations, Nikolai Setzer, Bloomberg reported, citing people familiar with the matter.

The supplier said it launched a record 23 new products in the quarter as it worked to control costs.