Approximately 140 employees at lidar technology company Luminar were laid off Friday as the company pivots to an "asset light" model that includes outsourcing industrialization.

Chevrolet will reveal the next-generation Corvette ZR1 this summer, promising ‘The unthinkable is coming.'

The startup produced 1,728 Air sedans in the first quarter, running behind its 2024 forecast of 9,000 vehicles. Lucid plans to launch a second model, the Gravity crossover, this year.

Analysts bullish on Carvana said its Q1 results are a sign it has recovered from a two-year period of losses and cash burn that forced new focus on profitability.

U.S. light-vehicle sales slipped 3.9 percent to 1.32 million last month compared with April 2023; Toyota led among the brands.

Acura worked closely with General Motors to ensure that the co-developed ZDX midsize crossover reached the import brand's performance goals.