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Electric vehicle maker Lucid Motors Inc. is in talks to go public through a merger with a special-purpose acquisition companies run by former Citigroup rainmaker Michael Klein, according to people familiar with the matter. A transaction could be valued at up to $15 billion, the people said, asking not to be identified because the matter

Assembly line of engines for the Ford KA 1.0 3 cylinders at the Ford Engines plant in Camaçari, Brazil. Paulo Fridman | Corbis News | Getty Images Ford Motor is ending vehicle production in Brazil under a restructuring of its South American operations. The actions, including closing three plants, are expected to result in $4.1

DETROIT — In April 2018, Richard Bazzy, who owns Ford and Lincoln stores in the Pittsburgh area, placed a frantic call to Mark LaNeve, Ford Motor Co.’s head of U.S. marketing, sales and service. The automaker had just announced it would cut all of its sedans, including the Fusion, which was Ford’s fourth most popular

The Baidu Inc. logo is displayed on the company’s headquarters on July 3, 2019 in Beijing, China. Wan Xiaojun | Visual China Group via Getty Images GUANGZHOU, China — Chinese internet giant Baidu has formed a strategic partnership with automaker Geely to create a standalone electric vehicle unit, the companies confirmed on Monday. The new

SEOUL — Hyundai Motor Co. and Apple Inc. plan to sign a partnership deal on autonomous EVs by March and start production around 2024 in the U.S., a Korean newspaper reported on Sunday. The report by Korea IT News follows a statement on Friday from Hyundai Motor that it was in early talks with Apple after

2021 Ford F-150 Limited Ford Look no further than the automotive industry’s best-selling vehicles of last year as proof of America’s love for pickup trucks. Led by trucks from the Detroit automakers, pickups accounted for five of the industry’s 10 best-selling vehicles in 2020 despite their increasingly higher prices and the coronavirus pandemic. Ford Motor’s

For the past several years, the first week of January has been especially important for automakers, suppliers and new industry entrants. It’s typically when the Las Vegas Convention Center and the surrounding area are reconfigured to accommodate the test drives, demonstrations and displays that are synonymous with the annual CES. Hotels up and down the

William Li, founder and chairman of Nio, shares features of the et7 sedan at a launch event in Chengdu, China, on Jan. 9, 2021. Evelyn Cheng | CNBC BEIJING — Chinese electric car start-up Nio released its first sedan on Saturday with self-driving technology features that the company claims surpass that of Tesla. Pre-subsidy prices

Volkswagen of America is launching its first set of TV commercials for its upcoming ID4 battery-electric compact crossover that aims to drive home the company’s message of delivering electric mobility to the millions, instead of just the millionaires. The spot, which uses a line of zoetropes — a 19th century invention that uses a spinning

Cruise Automation COO Dan Kan (l to r), Cruise Automation CEO Kyle Vogt and General Motors President Dan Ammann Tuesday, November, 20, 2018 at Cruise Automation offices in San Francisco, California.  Source: Noah Berger | General Motors The co-founder and president of Cruise, General Motors’ majority-owned autonomous vehicle subsidiary, is predicting a consolidation/collapse of the

Ford Motor Co. is launching an advertising campaign Saturday designed to raise awareness of the new Bronco Sport crossover and help differentiate it from the larger Bronco SUV. The first of three commercials will air during the NFL playoff game between the Los Angeles Rams and Seattle Seahawks. Although Ford will not advertise in this

Ford Bronco Sport “Raised by Goats” ad. Ford Ford is introducing its new Bronco Sport vehicle with an ad campaign to show off its goats — and not just the furry kind.  The “Built Wild” ads will start rolling out this weekend during the NFL playoffs and will kick off with the 60-second “Raised by

NHTSA is creating an initiative for EVs to coordinate research, conduct investigations and develop safety standards related to battery safety. As part of the initiative, the agency on Friday said it will collect and analyze data, conduct special investigations of EV crashes and noncrash events, conduct research on battery diagnostics and prognostics and explore risks

A Ford Escape sports utility vehicle (SUV) undergoes final inspection during production at the Ford Motor Co. assembly plant in Louisville, Kentucky, U.S., on Tuesday, April 28, 2015. Luke Sharrett | Bloomberg | Getty Images Ford Motor and Nissan Motor on Friday confirmed they are cutting vehicle production at plants in the U.S. and Japan

TOKYO — Honda could production in Japan due to a global shortage of automotive microchips. The automaker plans to reduce domestic output by 4,000 units in January, a slowdown mainly affecting the Fit small hatchback at Honda’s Suzuka plant, the Nikkei newspaper reported on Friday. The bottleneck might result in the loss of tens of

The Baidu Inc. logo is displayed on the company’s headquarters on July 3, 2019 in Beijing, China. Wan Xiaojun | Visual China Group via Getty Images GUANGZHOU, China — Chinese search giant Baidu will create a standalone electric vehicle company, a person familiar with the matter told CNBC. The Beijing-headquartered company will be the majority

Apple Inc. will take at least half a decade to launch an autonomous, electric vehicle because development work is still at an early stage, according to people with knowledge of the efforts. The Cupertino, Calif.,-based technology giant has a small team of hardware engineers developing drive systems, vehicle interior and external car body designs with

2021 Jeep Grand Cherokee L Fiat Chrysler DETROIT — Fiat Chrysler is expanding its popular Jeep Grand Cherokee lineup with a new three-row model, which the company believes will widen the vehicle’s appeal in an increasingly competitive SUV market. The Grand Cherokee L marks the fifth-generation of the SUV since its debut nearly 30 years

DETROIT — Jeep’s Grand Cherokee will offer a third-row option by midyear, broadening the SUV’s reach into a competitive segment. The three-row model, scheduled to be revealed Thursday, will be known as the Grand Cherokee L. Jeep said production will start this quarter and that the vehicles will begin reaching dealerships in the second quarter.

President of the AFL-CIO Richard Trumka speaks about his role in securing labor protections in the USMCA trade agreement during an interview with Reuters in Washington, December 19, 2019. Joshua Roberts | Reuters AFL-CIO union leader Richard Trumka publicly condemned President Donald Trump supporters for storming the U.S. Capitol, calling it “one of the greatest