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The money will help a joint venture of General Motors Co. and LG Energy Solution finance the construction of new lithium-ion battery cell manufacturing facilities.
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GM and Ford seek exemptions to deploy a limited number of self-driving vehicles without human controls like steering wheels and brake pedals.
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The EV automaker appears positioned for another growth phase as long as the global economy stays strong, analysts say.
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Volvo Cars points to a potential slump in retail sales in 2022 after posting higher second-quarter profits.
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Auto manufacturers cut over 100,000 vehicles from North American production schedules because of the global microchip shortage last week, reports AFS.
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The National Automobile Dealers Association has challenged the Federal Trade Commission's proposed rules on dealership advertising and finance and insurance.
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The Estimated Average Weekly Sales Rate increased to 67%.
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Over the last two weeks, Manheim Market Report prices saw higher-than-normal but decelerating declines.
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With low inventory and high demand, incentives dropped to a record low in June, averaging only 2.3% of the average transaction price.
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One-quarter of Americans say they will consider an electric vehicle for their next vehicle.
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