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Lordstown Motors says hedge fund may buy up to $400 million of its stock

The agreement comes a month after Lordstown warned it may not be able to continue as a "going concern."

EV startup Canoo names former diplomat Josette Sheeran as president

Sheeran, who joined Canoo's board in December, is the executive chairman of the McCain Institute.

Jaguar Land Rover owner Tata Motors reports quarterly loss on chip shortages

Tata Motors reported a loss of 44.5 billion rupees ($598 million) in the three months ended June 30 as sales at the luxury UK unit were hit by a lack of semiconductors.

Zeigler to buy 4 dealerships in Wisconsin

Zeigler Auto Group expects to close on the acquisition of four dealerships in Wisconsin from Home Run Auto Group, including its first Toyota and Hyundai stores.

Tesla's plans for batteries, China scrutinized with Q2 report coming today

CEO Elon Musk faces pressure to deliver on breakthrough batteries and new factories and models, which are late. The automaker reports its second-quarter results later today.

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