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Automobile
VW adding more banks to Porsche IPO
Volkswagen Group has added a slew of additional underwriters as it pushes ahead with the planned initial public offering of its Porsche sports car unit, people with knowledge of the matter said.
BNP Paribas, Deutsche Bank and Morgan…
U.S. proposes states set their own tailpipe emissions targets
WASHINGTON -- The U.S. Transportation Department on Thursday announced it is proposing to require that state transportation agencies set new targets for reducing tailpipe emissions on the national highway system.
The department's…
CDK completes sale to investment firm Brookfield Business Partners
CDK Global Inc. has completed its sale to investment firm Brookfield Business Partners, the companies confirmed.
The dealership technology company, of Hoffman Estates, Ill., said in a regulatory filing that Brookfield's acquisition of…
Lexus suspends LX, NX orders in Japan as wait stretches up to 4 years
TOKYO — Is a new Lexus LX worth a four-year wait?
Plenty of customers in Japan apparently think so.
With delivery delays stretching that long in the home market, Toyota Motor Corp.'s premium brand suspended new orders for the flagship…
Chip shortage? Some industries have too many
It's getting complicated for investors in semiconductor stocks, with last year's big chip shortage morphing into an inventory glut for some companies, and others getting caught up in geopolitics.
The Covid-19 pandemic spurred an…
Chip shortage? Some industries now have too many
It's getting complicated for investors in semiconductor stocks, with last year's big chip shortage morphing into an inventory glut for some companies, and others getting caught up in geopolitics.
The COVID-19 pandemic spurred an…
First Shift: Cruise's robotaxi traffic jam
• Robotaxi traffic jam
• Audi chip woes
• Tesla pauses some output
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Cruise self-driving crash in San Francisco resulted in injuries
One day after California regulators awarded Cruise a milestone permit in its efforts to commercialize autonomous-driving technology, one of the company's vehicles was involved in a crash that resulted in multiple injuries.
The crash…
Cruise self-driving crash in San Francisco resulted in injuries; NHTSA investigating
One day after California regulators awarded Cruise a milestone permit in its efforts to commercialize autonomous-driving technology, one of the company's vehicles was involved in a crash that resulted in multiple injuries.
The crash…
Vietnamese EV maker VinFast poised to open first of 30 California showrooms
VinFast also plans an unusual sales model that separates the vehicle purchase from the EV battery. At launch, buyers will choose from two battery-lease plans at an extra cost.
"By separating the price of the battery from the acquisition…