Safford Automotive Group on Monday bought 16 stores in Maryland and Virginia from Brown Automotive Group, more than doubling its dealership count in the largest buy-sell transaction of 2022 so far. The deal adds 14 franchised dealerships, one used-vehicle store and a muscle and classic car store to Safford of Springfield, Va., Safford owner James […]

GRAZ, Austria — Fisker Inc. is poised to begin production next week as promised a year ago, although some features, including those that are common on many competing vehicles, may not be ready until 2024. Early next year, the company plans to add lane-keep assistance, blind-spot monitoring and automatic high beams to its launch edition

Tesla Inc. CEO Elon Musk sold at least $3.95 billion of the electric-vehicle maker’s shares just days after closing his buyout of Twitter Inc. Musk unloaded 19.5 million shares, according to regulatory filings on Tuesday in New York, his first disposals since August. The documents didn’t indicate that the transactions were pre-planned. The world’s richest

Lucid Group Inc. reported a third-quarter net loss of $670 million but reiterated its production goal of 6,000 to 7,000 units of its Air electric sedan this year after dealing with supply chain issues and growing pains as an EV startup. The company’s stock price fell 13 percent to $11.79 in after-market trading after Lucid