General Motors Co.

The four-year-old start-up retrofits industrial vehicles like dump trucks, dozers, and skid steers with autonomous systems. It just raised $21 million.

GM sees tremendous opportunities for fuel cells in the military, commercial vehicles and other forms of transportation such as rail and maritime.

Ford said its adjusted pretax earnings for the second quarter will “surpass its expectations,” while net income will be “substantially lower.”

The increased costs include a greater-than-expected impact from the parts shortage as well as rising commodity inflation costs of up to $2 billion.

Keeping the unit within GM will create more value for the company than spinning it off, CEO Mary Barra said.

Lincoln expects about half of its sales to be all-electric models by 2026, as it plans to offer new EVs across its portfolio of vehicles within the next decade.

The new credit is being provided by GM’s automotive financing arm to use for the purchase of Cruise’s self-driving Origin shuttles.

The companies have signed a nonbinding memorandum of understanding for GM to engineer and supply its battery and fuel cell systems for Wabtec locomotives.

Electric vehicles maker Lordstown Motors Corp said CEO Steve Burns and Chief Financial Officer Julio Rodriguez have resigned.

As automakers including Ford and GM invest heavily in electric vehicles to catch Tesla, dealerships enter the EV future, and business models being tested.

Commerce Secretary Raimondo’s prediction is rosier than that of some analysts, who believe the chip shortage or its knock-on effects may still be felt in 2023.

The California Public Utilities Commission authorized Cruise to give passengers rides in prototype robotaxis.

Babylon Health said it’s going public through a SPAC in a deal valuing the business at $4.2 billion and that Palantir is investing.

The technical changes come amid regulatory scrutiny of Tesla vehicle safety in the U.S. and abroad.

These are the stocks posting the largest moves in midday trading.

Ford CEO Jim Farley largely met Wall Street’s expectations during his first investor day, but there were some missed opportunities as well.

Ford’s stock just broke above a very long-term trend line, typically a sign of more upside ahead, Miller Tabak’s Matt Maley says.

Lockheed Martin and General Motors are partnering to develop a new lunar vehicle for NASA’s upcoming astronaut missions to the moon.

Ford announced the plans less than two hours ahead of its first investor day under CEO Jim Farley.

Tesla announced Tuesday that it is ditching radar in favor of a camera-based system to enable Autopilot features in its Model 3 and Y vehicles in North America.