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Carvana bets on $2.2B ADESA U.S. acquisition to expand its reach, cut shipping times

Online used-vehicle retailer Carvana, pressed in recent months to expand its vehicle reconditioning capacity, said Thursday it plans to buy the ADESA U.S. physical wholesale auction business from KAR Global Inc. for $2.2 billion in cash. The transaction would give Carvana exclusive use of the ADESA.com marketplace in the U.S., plus all auction sales, operations […]

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Motional, Via to start robotaxi service in Las Vegas

Autonomous vehicle venture Motional and ride services company Via said they will launch on Thursday a robo-taxi service in Las Vegas, the latest step by Motional toward commercial deployment of its autonomous vehicle systems. Via will use vehicles outfitted with Motional autonomous driving systems to offer free rides between several locations in downtown Las Vegas.

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Postal Service fleet replacement deal shuns Biden EV plea

WASHINGTON — The U.S. Postal Service has finalized a contract to replace its mail-truck fleet with almost all gasoline-powered models, drawing an angry response from Biden administration officials who unsuccessfully pushed the agency to buy electric vehicles instead. The record of decision signed Wednesday represents the culmination of a failed lobbying effort by the Environmental

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New lawsuit says Tesla covered up employee safety violations, ignored racial harassment

SAN FRANCISCO — A former Tesla Inc. construction manager has filed a lawsuit against the EV company alleging he was fired for reporting widespread safety violations and race discrimination at Tesla’s factories. In the lawsuit filed with Alameda County Superior Court on Friday, Marc Cage, an African American, claimed to have reported safety violations that

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Biden to tout U.S. progress on critical minerals production for EVs, other products

WASHINGTON — U.S. President Joe Biden on Tuesday plans to tout progress by government and private industry to boost American production of minerals used to make electric vehicles, cell phones, weaponry and a range of related electronics, the White House said. Washington has grown increasingly concerned that low U.S. production of minerals essential for the

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Fire dies down on ship carrying luxury cars with little left to burn

LISBON — A fire which swept through a cargo ship carrying thousands of Volkswagen Group vehicles and adrift off the coast of Portugal’s Azores islands has lost its intensity, probably because there is little left to burn, a port official said. The Felicity Ace, carrying about 4,000 vehicles including VWs, Porsches, Audis, Bentleys and Lamborghinis

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Waymo: Versatility key to autonomous vehicle strategy

CHANDLER, Ariz. — There are assumptions about why Waymo chose this sprawling Phoenix suburb as the location to launch the world’s first commercial robotaxi service more than three years ago. Vehicle-friendly streets. Modern infrastructure. Eternal sunshine. Those are sensible criteria for a fledgling proving ground of self-driving technology. But they can be misleading, and they

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Agnellis to pay more than $1 billion for Italy tax claims

The billionaire Agnelli family’s companies agreed to pay 949 million euros ($1.08 billion) to settle an investigation by the Italian Tax Agency. Exor SpA, which controls Ferrari and is Stellantis‘ biggest shareholder, agreed to pay 746 million euros for so-called exit tax claims relating to its 2016 merger with its Dutch subsidiary, Exor Holding NV,

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