LMP's latest planned acquisitions are for Cadillac and Nissan dealerships in Houston, a Kia store in Connecticut and a Chrysler-Dodge-Jeep-Ram store in New York.
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Omar Vargas has worked for 3M Company, PepsiCo and the U.S. Department of Justice.
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Lucid's debut comes after it completed a reverse-merger with SPAC firm Churchill Capital Corp. IV.
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The agreement comes a month after Lordstown warned it may not be able to continue as a "going concern."
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Sheeran, who joined Canoo's board in December, is the executive chairman of the McCain Institute.
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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.
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Zeigler Auto Group closed on the acquisition of four dealerships in Wisconsin from Home Run Auto Group, including its first Toyota and Hyundai stores.
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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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Polestar says it's on track to double its global retail locations to 100 this year and the Volvo subsidiary believes having 200 locations in 2022 is within reach.
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The automaker aims to go from selling almost no plug-ins today to 40 percent of its U.S. sales being electrified by 2030.
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