Automotive News

LOS ANGELES--(BUSINESS WIRE)--Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“Faraday Future”, “FF” or the “Company”), a California-based global Embodied AI (EAI) ecosystem company, today announced a new initiative under which executives and other employees will increase their ownership in the Company through a structured share acquisition program in exchange for deferring part of their salaries. This initiative is designed to align management and employee interests more closely with...

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--The U.S. auto retail industry entered 2026 from a position of strength, even as profits normalized from the record levels seen during the pandemic, according to the newly released Q4 2025 Haig Report® from Haig Partners. The report shows that demand for dealerships among buyers remains robust, with 616 dealerships bought or sold in 2025, while blue sky values continue to remain far above pre-COVID levels. At the same time, dealership profitability is stab...

OCALA, Fla.--(BUSINESS WIRE)--E-ONE, a leading manufacturer of fire apparatus and emergency vehicles, today announced a $23.5 million investment in its manufacturing facility that will expand the company's aerial production capacity by 35 percent and is intended to reduce lead times for fire departments ordering critical equipment needed to help keep their communities safe. Fire departments across North America are facing increasing demand for modern ladder trucks and aerial firefighting platfo...

AURORA, Ill.--(BUSINESS WIRE)--Mitutoyo introduces the CRYSTA-Apex V PLUS, a shop-floor CMM that delivers high-accuracy measurement with advanced temperature compensation....

NASHVILLE, Tenn.--(BUSINESS WIRE)--Utility Trailer Manufacturing Co. LLC, the industry’s leading refrigerated trailer manufacturer, announces the launch of its next‑generation hybrid Transport Refrigeration Units (TRUs), developed exclusively for the thermally-efficient 3000R®. Strengthened by the latest advancements in Cargobull transport refrigeration technology, the new Cargobull 625+ Mono-Temp Hybrid and 655MT+ Multi-Temp Hybrid TRUs deliver a major leap forward in cooling performance, effi...

MONTRÉAL--(BUSINESS WIRE)--Nouveau Monde Graphite Inc. (“NMG” or the “Company”) (NYSE: NMG, TSX: NOU) has executed a commitment letter in respect of senior secured project debt to support the construction, development and commissioning of the Phase-2 Matawinie Mine, a major project of national interest as identified by the Government of Canada. Leading Canadian public finance institutions, Export Development Canada (“EDC”) and the Canada Infrastructure Bank (“CIB”), have committed to providing...

SAN MATEO, Calif.--(BUSINESS WIRE)--Upstart Holdings, Inc. (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, today announced a forward-flow commitment with Eltura Capital Management, an alternative investment manager specializing in asset-based finance and structured credit opportunities, Aperture Investors, an alternative asset manager and part of Generali Investments, and co-investors. The investor group has agreed to purchase up to $1 billion of consumer loans ori...

LEHIGH VALLEY, Pa.--(BUSINESS WIRE)--The Lehigh Valley Auto Show showcases innovation, creativity, and automotive excellence, drawing car enthusiasts from across the region. This year, it will also put men’s health in the spotlight with free prostate cancer screening and education from Man Cave Health, in partnership with Pocono Raceway and the Prostate Cancer Foundation. Prostate cancer is the most common cancer in men, and screening starts with a simple PSA blood test. The coalition’s partner...

DENVER--(BUSINESS WIRE)--Caribou data shows drivers who refinance their car loan can lower their payments by up to $159 a month even if they do not qualify for new tax breaks....

CHARLOTTE, N.C.--(BUSINESS WIRE)--RXO (NYSE: RXO) a leading provider of asset-light transportation solutions, announced today that Sandeep Pisipati, Matt Carlson and Alyssa Slaughter were named 2026 Pros to Know by Supply & Demand Chain Executive. This award recognizes influential professionals whose accomplishments offer a roadmap for other leaders looking to leverage supply chains for competitive advantage. 2026 marks the fourth consecutive year RXO leaders have received this award; a rec...