Shares of SPAC for EV firm Lucid plummet another 20% Wednesday

Exterior of the Lucid Air sedan, which debuted Sept. 9, 2020 as the firm’s to start with manufacturing motor vehicle. Lucid Shares of Churchill Cash IV plummeted for a next…

General Motors says worst of global chip shortage may be behind it

Basic Motors workers operate on the assembly line at the Fairfax Assembly & Stamping Plant in Kansas Metropolis, Kansas. Jim Barcus for General Motors Normal Motors executives think the world…

Chinese electric car start-up Li Auto expects to sell fewer than Nio

A Li Xiang One hybrid SUV is on display during the 18th Guangzhou International Automobile Exhibition on November 23, 2020 in Guangzhou, China. Li Zhihao | Visual China Group |…

I don’t know what’s worse

Charles Munger, vice chairman of Berkshire Hathaway Inc. Jonathan Alcorn | Bloomberg | Getty Images Charlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett’s longtime business partner, on Wednesday…

What’s been reported so far

The past six years of speculation around the so-called Apple Car have been a roller coaster. First Apple was reportedly building a car. Then the company wasn’t building a car,…

Nikola is paying $8.1 million in legal fees for ousted chairman Milton

CEO and founder of U.S. Nikola, Trevor Milton speaks during presentation of its new full-electric and hydrogen fuel-cell battery trucks in partnership with CNH Industrial, at an event in Turin,…