General Motors has officially agreed to sell its Opel and Vauxhall brands to the PSA Group as the Detroit automaker attempts to stanch more than a decade of staggering losses in Europe.
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Hyundai, Kia, Arrival, electric delivery vans
Hyundai, Kia, Arrival, electric delivery vans
Hyundai and Kia are backing Arrival, a startup British maker of electric delivery vans, a good use case for EVs. Hyundai and Kia announced Thursday that they are investing $111.5 million in Arrival, a startup British automaker building electric delivery vans. The three companies will jointly develop vehicles and share know-how as Arrival scales up its operations and moves to put a vehicle on the market in the next few years.
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Last week was a difficult one for Tesla. After the carmaker waged a public war of words with federal safety regulators, CEO Elon Musk picked a Twitter fight with a magazine and may have improperly revealed financial information.
Lexus made a name for itself building unimpeachably well-engineered and well-built luxury cars that were also, let's be honest, a little bit beige. Impressive values, sure, and cool in their own normcore way (I'd love to have a Floridian grandpa-style early 1990s LS, personally), but beige. ....