VW completes internal probe into racist ad
HAMBURG -- Volkswagen has completed an internal report into how it came to publish a racist advert, the automaker said. The findings will be released once its management board has...
Ford re-evaluates office space in coronavirus world
DETROIT -- Ford Motor Co is re-evaluating how much office space it needs for white-collar workers as restrictions put in place during the coronavirus pandemic are eased and employees return...
Online used-car retailer Vroom raises IPO price range
Online used-car retailer Vroom Inc. on Friday increased the target range for its U.S. initial public offering, looking to raise up to $375 million as the IPO market gathers steam...
U.S. hiring rebounds, defying forecasts for jobless surge
WASHINGTON -- America’s labor market defied forecasts for a Depression-style surge in unemployment by rebounding in May, signaling the economy is picking up faster than anticipated from the coronavirus-inflicted recession....
Bentley to cut 1,000 jobs, delay EV
LONDON -- Bentley will cut 1,000 jobs – almost a quarter of its workforce – as the automaker tries to compensate for revenue lost during the shutdown of its plant...
GM’s Cruise unit tries to poach Zoox engineers amid sale talk, report says
Self-driving technology company Cruise, a unit of General Motors, is trying to poach engineers from rival Zoox Inc., according to an email sent to Zoox engineers by the founder of Cruise...
Toyota bets on fuel cell future with FAW, other automakers
TOKYO -- Toyota Motor Corp. is teaming up with five Chinese companies including Beijing Automobile Group Co. and China FAW Corp. to develop fuel cells for commercial vehicles, seeking to...
Jaguar Land Rover raises $705 million from Chinese lenders
SHANGHAI -- Jaguar Land Rover has entered into agreements with lenders in China for a secured term loan facility of 5 billion yuan ($704.5 million), its first debt financing in China....
The Near Term for Self-Driving Vehicles? More Delivery, Less Rideshare
And that was the analyst's conclusion even before COVID-19 hit and people were ordered to stay home to prevent its spread. Even as restrictions ease, many former users of ridesharing...
V-6 Hemi-Powered 1936 Willys Pickup Bares All
We simply cannot get enough of this one-of-a-kind, V-6 Hemi-powered 1936 Willys pickup that took home one of the biggest awards in the hot rod hobby. It’s easy to see...