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Shakespeare was wrong when Romeo rhetorically asks, “What’s in a name?” The answer is not irrelevant — it’s money. In fact, Volkswagen is banking on that fact. The German automaker is moving ahead with plans to resurrect the Scout name that it acquired last year when its heavy-truck brand merged with Navistar and, in the […]

Self-driving truck developers are promising they’ll launch commercial service as soon as next year. One of the key remaining engineering hurdles involves safely coaxing these 80,000-pound robots to the side of the road when things don’t go according to plan. As driverless-deployment timelines draw nearer, many of the leading companies are focused on perfecting this

Taiwan’s Foxconn, best known as the manufacturer of the iPhone, is now in the car manufacturing business. Lordstown Motors on Wednesday said the $230 million deal announced in the fall to sell its sprawling 6.2 million-square-foot plant to Foxconn has closed. The deal transfers to Hon Hai Technology Group — which trades under the Foxconn

Cadillac plans to launch a high-performance variant of the popular Escalade SUV this summer that starts at nearly $150,000. It will become the most expensive Cadillac, or about $46,000 more than the highest-priced 2022 Escalade trim, the Sport Platinum. The 2023 Escalade-V, the first-ever Cadillac V-Series SUV, will be built in small volumes, Cadillac said.

Shift Technologies said it cut positions last month equating to about 10 percent of its corporate team and is pausing its expansion into the Las Vegas market as the online used-vehicle retailer focuses on trimming costs and operating more efficiently. San Francisco-based Shift said Tuesday in a shareholder letter disclosing its first-quarter financial results that

Canoo Inc. accused its second-largest shareholder of wrongfully benefiting from recent share sales, and is trying in a lawsuit to claw back those profits. The EV startup says that DD Global Holdings Ltd., a Cayman Islands firm, should pay back more than $61 million in so-called “short swing” profits, according to a complaint filed Monday

Online used-vehicle retailer Vroom Inc. said Monday that its COO, Tom Shortt, will join its board of directors and succeed Paul Hennessy as the company’s CEO. The change is effective immediately, as Hennessy has “stepped down to pursue other opportunities,” Vroom said. The company also released its first-quarter earnings on Monday, reporting ecommerce revenue of

DETROIT — Bollinger Motors, the startup electric vehicle manufacturer in suburban Detroit that is trying to enter the red-hot commercial EV market, moved one step closer to its goal Monday. The company said it has inked a deal with Roush Industries to manufacture Class 3 through Class 6 commercial electric chassis cabs and the platforms

Just as Swedish electric vehicle maker Polestar prepares to go public, the financial market is looking uncertain. When Polestar revealed plans last fall to go public, interest in EV stocks was hot as investors hoped to get in early on the next Tesla. The exuberance sent some company valuations into overdrive, creating what some see

Stellantis challenged groups of college students to devise apps that use real-time vehicle data to “gamify” driving. The April “hackathon” in Detroit yielded numerous creations meant to encourage safer behavior behind the wheel and make commutes more engaging. The winning team was awarded $15,000 for an app that dishes out points for safe driving techniques,