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.
WASHINGTON, D.C. — The U.S. Navy says flight training has been suspended for about 175 Saudi Arabian students at three bases in Florida in the wake of the deadly shooting by a Saudi Air Force […]
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 […]
GENEVA — If you like gawking at breathtaking sports cars with enormous engines, flowing aerodynamics and expensive carbon-fiber bodies, then you are in the right place at the Geneva International Motor Show. If you want […]