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Once flush with easy money, investors have soured on investing in electric vehicles and other mobility startups amid uncertain economic conditions. The total amount invested in the moblity tech sector dropped by 79 percent year-over-year in the third quarter of 2022, according to the latest figures from financial services firm PitchBook. Going forward, investors expect […]

Elon Musk reinstated the Twitter accounts of several journalists that were suspended for a day over a controversy on publishing public data about the billionaire’s plane. The reinstatements came after the unprecedented suspensions evoked stinging criticism from government officials, advocacy groups and journalism organizations from several parts of the globe on Friday, with some saying

Building a website through which consumers can quickly get their vehicles appraised and then sell them to Performance Automotive Network has helped the Cincinnati-based dealership group supplement its inventory of used cars and trucks and cut costs tied to visiting wholesale auctions. Even before the coronavirus pandemic and resulting new-vehicle supply constraints, Performance Automotive Network

Comedian Jay Leno, in his first interview since suffering severe burns while working on one of his classic cars on Nov. 12, said he initially ignored doctors’ recommendation that he go to a hospital for treatment. He eventually spent nine days at a burn center, where he underwent skin graft surgery and received hyperbaric oxygen

Tesla Inc. and the Mexican border state of Nuevo Leon are firming up plans for a factory site in an automotive corridor that is home to assembly plants for Kia and General Motors, according to sources quoted by the Milenio newspaper. Tesla CEO Elon Musk and the state government are “fine-tuning the final details,” Milenio

Ford Motor Co. has raised the price of the cheapest variant of its F-150 Lightning electric truck 9 percent to $55,974, the company’s website showed on Thursday. The automaker has raised prices for its electric pickup trucks twice in three months, as it navigates higher costs and supply chain snags. Automakers across the globe, including

A shooting Wednesday at an automotive supplier plant near Detroit left one man dead, according to police. An argument among employees began Wednesday morning inside the Forvia plant in Highland Park, Mich., before spilling out into the gated parking lot where shots were fired, said Deputy Chief Darrell Patterson of the Highland Park Police Department.

Canadian electric vehicle maker Lion Electric Co. plans a $50 million stock offering to strengthen its balance sheet and expand factories. The Montreal company said the expansion will focus on factories in Joliet, Ill., and Mirabel, Quebec. Lion Electric manufactures electric buses and medium-size urban cargo trucks. Lion Electric said in a Securities and Exchange

Longtime Georgia dealer Jim Ellis, founder of his namesake auto group, died Friday at his Duluth, Ga., home, just weeks after his son Jimmy Ellis, the company’s CEO, died, the Ellis family said. Jim Ellis was 90. No cause of death was shared. All Jim Ellis Automotive locations will close Wednesday for his funeral, according

WASHINGTON — Sen. Joe Manchin is urging the U.S. Treasury Department to prevent companies from using loopholes to bypass stringent eligibility rules in the Inflation Reduction Act’s electric-vehicle tax credits. In a letter sent Monday to Treasury Secretary Janet Yellen, Manchin asked that the tax credit for commercial EVs is implemented in “a manner that