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Electric Last Mile plant sold to Mullen

The former Hummer plant in northern Indiana is now on its fourth owner in five years, a stretch in which it has gotten $20 million worth of upgrades but failed to produce the jobs and vehicles its purported saviors have promised. The…

Kia Niro EV gets price cut for top-end trim

The entry trim, called the Wind, is priced at $40,745. It sits between the previous generation's base Niro EV S ($40,385) and mid-level Niro EV EX ($41,285). The lack of a price increase, given many automakers are hiking EV MSRP's, will…

GM gives Honda a leg up on EVs

American Honda Motor Co. has two electric vehicles on the horizon: the Honda Prologue and the Acura ZDX. Both are co-developed with General Motors and will use the Detroit automaker's new flexible and scalable electric architecture powered…

Geely’s Li weighs bigger Aston Martin stake

Chinese billionaire Li Shufu is considering boosting his stake in Aston Martin over time to foster collaboration with the struggling luxury carmaker, according to people familiar with the matter. Li, whose Zhejiang Geely Holding Group…

Porsche is still talking to teams about F1 entry

LONDON -- Porsche is still talking with teams about entering Formula One after discussions with championship leaders Red Bull broke down, the governing FIA said. Porsche and Red Bull had been discussing a partnership for months but talks…

Geely’s Li mulls bigger Aston Martin stake

Chinese billionaire Li Shufu is considering boosting his stake in Aston Martin over time to foster collaboration with the struggling luxury carmaker, according to people familiar with the matter. Li, whose Zhejiang Geely Holding Group…

BMW joins the EV frenzy with $1.7B U.S. investment

GREER, S.C. — BMW is upgrading the jewel in its global manufacturing crown to position the 7-million-square-foot crossover factory for the electric era. On Wednesday, the German performance brand announced a $1.7 billion investment to…

Porsche 911 gets a touring variant

Porsche is adding a touring variant to the 911 lineup. The 2023 911 Carrera T, where the T stands for "touring," will slot between the 911 Carrera and 911 Carrera S.It adopts the twin-turbo six-cylinder engine from the 911 Carrera that…

Why Mercedes is bullish on its 2023 forecast

Automakers have gone through a number of setbacks since the shock of the pandemic and the related supply-chain disruption that is now easing. There is little reprieve as increasing economic upheaval, sky-high energy prices and China’s…