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Bloomberg: Pivot to SUV Is Hail Mary for Fisker

Henrik Fisker met with Bloomberg to elaborate on plans to build an all-electric SUV by 2021. The...

A one-on-one with Bloomberg’s Hannah Elliott did little to lend credibility to Henrik Fisker’s plan to produce a $40,000 all-electric SUV by 2021, when it will face direct competition from Tesla’s Model Y and at least four established highline factories.

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Hyundai, Kia Face New Engine Fire Investigations

Sen. Richard Blumenthal (D-Conn.) reportedly planned to formally request a NHTSA investigation...

Pressure on Hyundai and Kia ramped up Monday with the launch of a multistate probe into fires involving the South Korean manufacturers’ Theta II engines and reports suggesting U.S. Sen. Richard Blumenthal will ask for a new investigation at the federal level.

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Lights Out: Cree to Focus on Semiconductors

Cree has agreed to sell its lighting division to Ideal Industries, abandoning the...

In a move industry watchers may regard as a sign of the times, dealership mainstay Cree has agreed to sell its lighting division in order to fully devote the company to semiconductor manufacturing.

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