Lucid to raise up to $1.5 billion in stock sale

Lucid to raise up to $1.5 billion in stock sale

LOS ANGELES—Lucid Group Inc. said it may raise up to $1.5 billion through the sale of stock to fund future operations as the electric car maker ramps up factory spending to push out more cars. The EV startup disclosed the fundraising plans in regulatory filings after it said third-quarter losses widened from the same period … Read more

Renault must disassemble EV unit in thorough overhaul

Renault must disassemble EV unit in thorough overhaul

PARIS — Renault on RNO -2.12% said it would split itself into several divisions, put its core business that makes conventionally powered cars into a joint venture with a Chinese partner and detailed plans for a separate IPO of its electric car division. The restructuring, one of the most radical in the French carmaker’s 124-year … Read more

Foxconn plans to invest $170 million in EV truck maker Lordstown Motors

Foxconn plans to invest $170 million in EV truck maker Lordstown Motors

The two companies said Monday that Taipei-based Foxconn plans to spend $170 million to buy common stock and newly created preferred stock, giving Lordstown Motors a fresh injection of capital as it works to ramp up production of its debut model, the Endurance. In addition, Foxconn and Lordstown Motors said they would jointly develop their … Read more

Twitter’s free speech problem is also Tesla’s

Twitter’s free speech problem is also Tesla’s

Tesla TSLA -3.64% already had a treacherous line between China and US CEO Elon Musk has made it worse by buying Twitter. The electric car pioneer is very dependent on China. The world’s largest electric market accounted for about 24% of Tesla’s revenue in the first three quarters of this year, but the company’s greater … Read more

Twitter’s free speech problem is also Tesla’s

Twitter’s free speech problem is also Tesla’s

Tesla TSLA -3.64% already had a treacherous line between China and US CEO Elon Musk has made it worse by buying Twitter. The electric car pioneer is very dependent on China. The world’s largest electric market accounted for about 24% of Tesla’s revenue in the first three quarters of this year, but the company’s greater … Read more

Ex-Green Beret son returns to US after prison sentence over Carlos Ghosn escape

Ex-Green Beret son returns to US after prison sentence over Carlos Ghosn escape

Michael Taylor, in bright top, was seen at Istanbul Airport after helping Carlos Ghosn escape from Japan. Photo: Associated Press The American father and son who helped former Nissan Motor Co. Ltd. chairman Carlos Ghosn to flee Japan, has returned to the United States after spending 20 months in Japanese prisons. Michael Taylor, a 62-year-old … Read more

General Mills, Audi and Pfizer join the growing list of companies pausing Twitter ads

General Mills, Audi and Pfizer join the growing list of companies pausing Twitter ads

Some advertisers are concerned that Mr. Musk may scale back content moderation, which they worry will lead to an increase in objectionable content on the platform. Others are temporarily halting their ads because of the uncertainty in the company as top executives leave and Mr. Musk is considering a number of changes, some of the … Read more

General Mills, Audi and Pfizer join the growing list of companies pausing Twitter ads

General Mills, Audi and Pfizer join the growing list of companies pausing Twitter ads

Some advertisers are concerned that Mr. Musk may scale back content moderation, which they worry will lead to an increase in objectionable content on the platform. Others are temporarily halting their ads because of the uncertainty in the company as top executives leave and Mr. Musk is considering a number of changes, some of the … Read more

Europe seeks exemption from US rules on tax breaks for electric cars

Europe seeks exemption from US rules on tax breaks for electric cars

BRUSSELS – US and European Union environmental policies are on a collision course, prompting an urgent meeting to defuse rising tensions over clean-tech subsidies that threaten to disrupt a trade relationship that leaders had promised to rebuild. A new task force focused on clean-energy tax credits that were included in the US Inflation Reduction Act … Read more

Ferraris and Aston Martins still sell well – when they can be built

Ferraris and Aston Martins still sell well – when they can be built

The super rich are spending more money than ever on smart cars. That doesn’t always make them super profitable to manufacture. Ferrari reported “remarkable order intake” along with third-quarter earnings on Wednesday. The luxury automaker doesn’t disclose reservations, but orders are still running for its Purosangue model — its long-discussed answer to sports cars, launched … Read more