Automotive News

SAN DIEGO--(BUSINESS WIRE)--Nuvve Holding Corp. (“Nuvve”) (Nasdaq:NVVE), a global leader in advanced energy storage, grid modernization solutions and vehicle-to-grid (V2G) technology, today announced that it received written notice (the “Notice”) on May 22, 2026 from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that, since the Company had not yet filed its Quarterly Report on Form 10-Q for the period ended March 31, 2026 (the “Report”), i...

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 the results of its 2026 Annual Meeting of Stockholders (the “Annual Meeting”) held today, May 22nd, at which the Company’s stockholders approved all of the submitted proposals, which were meant to enhance FF’s financial stability and empower the leadership team to execute its strategic plan...

AUBURN HILLS, Mich.--(BUSINESS WIRE)--PHINIA Inc. (NYSE: PHIN), a diversified, industrial supplier and global leader in the development of fuel systems, electrical systems, and aftermarket solutions, today announced that its Board of Directors has declared a quarterly cash dividend in the amount of $0.30 per common share, payable on June 23, 2026, to shareholders of record at the close of business on June 9, 2026. About PHINIA PHINIA is a diversified industrial supplier and global leader in the...

DETROIT--(BUSINESS WIRE)--Georgia Tech has won Year Four of the EcoCAR EV Challenge, claiming the top spot in the final year of the collegiate engineering competition. McMaster University took second place, and Virginia Tech received third place. Managed by Argonne National Laboratory and headline sponsored by the U.S. Department of Energy (DOE), General Motors, and MathWorks, the competition challenged students from 15 North American universities to engineer a next-generation vehicle using aut...

IRVINE, Calif.--(BUSINESS WIRE)--Rivian Automotive, Inc. (NASDAQ: RIVN) today announced that its leadership team will participate at two upcoming investor conferences: Baird 2026 Global Consumer, Technology & Services Conference on Tuesday, June 2. Claire McDonough, Chief Financial Officer will participate in a fireside chat at 3:45pm ET. A live webcast will be available here. UBS 2026 Auto and Auto Tech Conference on Wednesday, June 3. Claire McDonough, Chief Financial Officer will partici...

TOKYO & INDIANAPOLIS--(BUSINESS WIRE)--NTT, Inc., together with NTT DATA Group Corporation, today announced the renewal of its sponsorship of the NTT INDYCAR SERIES. Under the renewed agreement, NTT has expanded its role beyond race analytics and fan engagement to provide advanced AI and data capabilities for Penske Entertainment and INDYCAR. This includes AI-driven operations, real‑time decision intelligence and emissions visibility across INDYCAR, the historic Indianapolis Motor Speedway (IMS...

SINGAPORE--(BUSINESS WIRE)--Karooooo (KARO), the global provider of mobility and operational intelligence solutions and parent company of Cartrack, today announced that Richard Schubert, Group Chief Operating Officer, and Paul Bieber, Vice President of Investor Relations and Strategic Finance, will participate in the 46th Annual William Blair Growth Stock Conference on Wednesday, June 3rd at 4:40 p.m. CT. A live webcast of the presentation will be available in the Events and Presentations secti...

BUNNIK, Netherlands--(BUSINESS WIRE)--A vehicle controlled by DigitalBridge Group, Inc. (NYSE: DBRG) (“DigitalBridge”) and Aberdeen Investments has acquired Equans’ asset-based e-mobility activities in the Netherlands. The business specialises in delivering reliable, scalable, and sustainable e-mobility infrastructure. As part of the transaction, the business will be transferred to an entity controlled by DigitalBridge and Aberdeen Investments and will operate under the new name Velian. The new...

MILL VALLEY, Calif.--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties (“FCPT” or the “Company”), is pleased to announce the acquisition of a Gerber Collision property for $3.5 million. The property is located in a highly trafficked corridor in North Carolina and corporate-operated under a triple net lease with approximately eight years of term r...

DALLAS--(BUSINESS WIRE)--Copart, Inc. (NASDAQ: CPRT) today reported financial results for the quarter ended April 30, 2026. For the three months ended April 30, 2026, revenue, gross profit, and net income attributable to Copart, Inc. were $1.2 billion, $572.6 million, and $402.4 million, respectively. These represent an increase in revenue of $25.4 million, or 2.1%; an increase in gross profit of $20.3 million, or 3.7%; and a decrease in net income attributable to Copart, Inc. of $(4.2) million...