Retailers hopeful after Q2 rebound

Nikola shares surged 19 percent in midday trading after the company announced the plans to build trucks for Republic Services.

Steve Jordan, whose resignation as CEO of the used-vehicle dealers association was announced Friday, will become KAR's executive vice president of dealer sales starting in September.

The agency's Office of Defects Investigation has received three reports alleging the minivans caught fire at the charge hub.

Makers of electric vehicles have been enjoying a surge in investor interest after strong share price gains this year in Tesla and Nio.

Redesigned versions of the high-profit large SUVs began shipping in recent weeks, just as GM needs a boost to its bottom line and many retailers are desperate for more inventory.

The brand is gearing up for several electric vehicles including the i4 sedan, iNext crossover and battery-powered variants of its 5 Series and 7 Series sedans.

Judge Indira Talwani rejected bail for U.S. Army Special Forces veteran Michael Taylor and his son, Peter Taylor, after Japan had sought their extradition. A magistrate also previously denied their release.

Jeep is on a new-product wave, reaching into new segments as it expands its global presence.

The expansion of the luxury brand's battery-electric lineup will begin next year and will continue for at least the next four years as it adds battery-powered, all-wheel-drive sport sedans, crossovers and perhaps even supercars.

The study by McKinsey & Co. finds that used-vehicle consideration remains down compared with pre-pandemic levels, but it is stabilizing, while new-vehicle intent is decreasing.