Dubai, United Arab Emirates — Saudi Arabia’s sovereign wealth fund invested more than $1 billion Monday in an American electric car manufacturer. The electric-car investment is a bold move for Saudi Arabia, an ultraconservative kingdom that for decades has relied on its oil wealth as the world’s top crude exporter. The Saudi Public Investment Fund said it would invest the over $1 billion in California-based Lucid Motors, an 11-year-old private company that has yet to bring a vehicle to market.
JACKSON, Wyo. — Aside from Tobacco Road allegiances or Hillary vs. Trump, you’d be hard pressed to find people who display the sort of brand loyalty that truck buyers have. Ford truck owners love Ford […]
LONDON — Aston Martin’s owners have hired Lazard to prepare for a stock market listing or sale of the British sportscar maker made famous by fictional spy James Bond, sources familiar with the matter told […]
DETROIT — Automakers from the United States, Europe and Asia are rolling out new and redesigned production and concept vehicles at the North American International Auto Show in Detroit. Among them: Acura RDX: Honda will […]