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By Joey Klender Posted on July 23, 2021 Rivian has announced another successful private funding round led by Amazon’s Climate Pledge Fund, D1 Capital Partners, Ford Motor Company, along with funds and accounts advised by T. Rowe Price. Third Point, Fidelity Management and Research, Dragoneer Investment Group, and Coatue participated in the second investment round
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Editor’s note: This story has been updated to correct Tom Dobry’s new title, which Lithia has confirmed is different than what is stated in its 8-K filing. Lithia Motors Inc. is shuffling its executive marketing positions, bringing back a former executive and media expert as the new leader of the department. The dealership group hired
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2:34 PM ET ESPN News Services Helio Castroneves will race for a record fifth Indianapolis 500 while running the full season in 2022 with Meyer Shank Racing. Castroneves, who won his record-tying fourth Indy 500 in May, has only a partial IndyCar schedule this season with Meyer Shank and has not raced since he joined
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What kind of vehicle is the 2022 Cadillac XT5? What does it compare to? The XT5 is Cadillac’s five-seat crossover SUV that could be shopped against the BMW X3, Audi Q5, and Lincoln Nautilus.  Is the 2022 Cadillac XT5 a good SUV? Review continues below Though short on thrills, the XT5 is a competent SUV.
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DETROIT– General Motors plans to recall certain Chevrolet Bolts for the second time in less than a year to replace defective battery modules after customers who completed a previous recall remedy continued to report battery fires. GM did not say when the replacements would start. “We’re working with our supplier and manufacturing teams to determine
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FRANKFURT — Shareholders in Volkswagen, Europe’s largest carmaker, on Thursday approved a deal to settle claims against four former executives, including longtime CEO Martin Winterkorn, related to the company’s emissions scandal. The initial deal, which was announced last month and which will see Volkswagen receive 288 million euros ($339 million) in compensation, required shareholder approval
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4:49 PM ET Associated Press ALGONA, Iowa — An Iowa race track said Thursday that it will cut ties with an announcer who went on a racist rant against Black fans and athletes who kneel during the national anthem as a protest against racial inequality. The Kossuth County Speedway in Algona, Iowa, said its leaders
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Canadian auto supplier Magna International Inc. said on Thursday it will buy Swedish rival Veoneer Inc. for about $3.8 billion in cash, in a deal that would help expand its driver assistance technologies business. Magna will buy out Veoneer’s outstanding shares for $31.25 each, and the acquisition represents an enterprise value of $3.3 billion including
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Congress must act quickly to bolster semiconductor manufacturing in the U.S., according to a letter from several trade groups and unions delivered to House and Senate leaders on Thursday. “Strengthening the U.S. position in semiconductor research, design, and manufacturing is a national priority,” reads the letter, organized by the Semiconductor Industry Association. “While the governments
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