Fiat Chrysler Automobiles has completed the sale of supplier Magneti Marelli to Calsonic Kansei for $6.5 billion, slightly below the initial price tag due to the unit's changed financial position.
Zotye USA confirmed its first vehicle for sale in the U.S. will be the T600 compact crossover. It's expected to arrive at U.S. dealerships by the end of 2020 or in the first quarter of 2021.
Tesla filed for a shelf offering to sell $1.35 billion in bonds and about $650 million in shares. CEO Elon Musk will participate in the offering by buying as much as $10 million in stock.
The venture-capital arm of Toyota Research Institute said it will open a second $100 million fund dedicated to pursuing investments in early-stage startups in the artificial intelligence and mobility industries.
Tesla filed for a shelf offering of securities for an undisclosed amount on Thursday, a week after CEO Elon Musk suggested a capital raise could be imminent.
In a fiery court filing, Randeep Hothi -- known on Twitter as "Skabooshka" -- said none of the allegations the company made to get a judge to order him to stay away from its factory and employees are true.
Volvo is looking for innovative suppliers to help it achieve an ambitious sustainability goal.
