Germany Set to Extend EV Incentives to 2025

Germany Set to Extend EV Incentives to 2025

German carmakers have made major investments in electric vehicles and now the German government is preparing to help sell those new EVs with a new round of incentives. Earlier this month, Germany rolled out a program that extends its environmental subsidies for...
GM Looking to Grow its Finance Arm’s Capabilities

GM Looking to Grow its Finance Arm’s Capabilities

General Motors has been generating plenty of attention for its plans to shift to battery-electric vehicle production; however, the auto company has also been looking to get back into some old businesses too, namely banking. It’s an oversimplification, but the Wall...
Fiat Chrysler and PSA Not Exactly a “Merger of Equals”

Fiat Chrysler and PSA Not Exactly a “Merger of Equals”

Chrysler fans with good memories remember the last time the company was involved in a “merger of equals,” and how it worked out so when the phrase was tied to the partnering of Fiat Chrysler and PSA there was some skepticism. Turns out they had reason to be skeptical....
Karma Automotive Files Suit Against Lordstown Motors

Karma Automotive Files Suit Against Lordstown Motors

Karma Automotive filed a federal lawsuit against Lordstown Motors Inc., charging the Ohio company with theft of intellectual property, breach of contract and poaching employees involved in the development of an infotainment system that originated with Karma. Jeff...
More Auto Companies Looking to Get SPAC’ed

More Auto Companies Looking to Get SPAC’ed

The auto industry is partnering with investment banks to reap the big money benefits of a new acronym: SPAC. The big question is: What are they? Short for special purpose acquisitions company, SPACs are a simple and easy way to funnel cash into existing companies that...
Uber, Lyft Score Big Victory in California

Uber, Lyft Score Big Victory in California

In addition to the presidential part of the election, the auto industry closely monitored the voting across the country, including Uber and Lyft appearing to get their prayers answered in California with the passage of Proposition 22. The two ride-hailing companies...