Kara Carlson

(Bloomberg) -- Saudi Prince Alwaleed bin Talal Al Saud has acquired a $129.5 million stake in Lucid Group Inc., a much-needed vote of confidence in

The decision could expand robotaxi availability because Zoox vehicles lack steering wheels and pedals and require federal approval beyond Waymo's current fleet.

Amazon.com Inc.'s driverless-car business will be allowed to commercially deploy as many as 2,500 vehicles annually in the US over the next two

Amazon.com Inc.'s driverless-car business will be allowed to commercially deploy as many as 2,500 vehicles annually in the U.S. over the next two

Rivian Automotive Inc. reported better-than-expected earnings as it began deliveries of a new midsize sport-utility vehicle, a positive sign while the company contends with a weakened market for electric vehicles in the US.

Rivian Automotive Inc. reported better-than-expected earnings as it began deliveries of a new midsize sport-utility vehicle, a positive sign while the company contends with a weakened market for electric vehicles in the US.

The R2 line, with an eventual target price of around $45,000, is aimed at pulling in more customers amid broad concerns about automotive affordability in the US. Initial variants cost around $58,000, but Rivian plans to bring the price down going forward.

Lucid Group Inc. aims to save $1.4 billion in cash this year as part of a “comprehensive operational reset,” an effort by new Chief Executive Officer Silvio Napoli to shore up the money-losing maker of electric vehicles.

(Bloomberg) -- Lucid Group Inc. is targeting $1.4 billion in cash savings this year as part of a "comprehensive operational reset," an effort by

Lucid Group Inc. is targeting $1.4 billion in cash savings this year in a broad push to reset its operations, an effort by new CEO Silvio Napoli to shore up the money-losing maker of electric vehicles.