Bloomberg KKR & Co is considering a sale of Marelli Corp’s suspension systems business as the private equity firm shifts the focus of the car parts company towards more profitable products, according to people familiar with the matter. The buyout firm is working with an adviser on the potential disposal, which has drawn preliminary interest from private equity and strategic ...

Bloomberg Lordstown Motors Corp jumped after saying it has enough money to make its battery-powered trucks through May of next year, paring a record decline the previous day following the departure of two top executives. The automaker is actively raising additional funds and has reconfirmed orders for its debut vehicle, President Rich Schmidt said at an Automotive Press Association event ...

Bloomberg Swedish steelmaker SSAB AB is teaming up with Volvo Cars to develop fossil-free steel for use in the automotive industry. Volvo Cars will be the first carmaker to secure the greener steel, SSAB said in a statement on Wednesday. Volvo Cars will use the material for testing and possibly in a concept car, it said. For the automaker, the ...