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.
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 […]
DUBAI — President Donald Trump said Thursday that he expects Saudi Arabia and Russia will dramatically cut production and end an oil war that sent energy prices to record lows. But the Kremlin disputed part […]
DETROIT — General Motors offered a sneak peek on Saturday of the next generation Chevrolet Silverado pickup, designed to haul big payloads of profits for the automaker when it launches next year. The current Silverado […]