Volkswagen AG is in talks to acquire French car rental firm Europcar Mobility Group SA , in a deal that would allow the German car maker to better capitalize on its fleet, people familiar with the matter said on Tuesday.
The federal office that led the prosecution of President Donald Trump's friend Roger Stone received "heavy pressure from the highest levels of the Department of Justice" to ease its sentencing recommendation, career prosecutor Aaron Zelinsky plans to tell Congress, according to his prepared remarks.
A federal judge in Detroit on Tuesday ordered the chief executives of automakers General Motors Co and Fiat Chrysler Automobiles NV (FCA) to meet by July 1 to try to resolve GM's racketeering lawsuit.
The U.S. Commerce Department said on Tuesday it had opened investigations into vehicle tire imports from South Korea, Taiwan, Thailand and Vietnam to determine whether the tires are being sold at less than fair value.
Semiconductor maker Nvidia Corp has struck a deal with Germany's Daimler to develop and equip Mercedes-Benz cars with a next generation chip and software platform that could eventually be used for autonomous driving functions.
U.S. President Donald Trump has suspended the entry of some foreign workers in a bid to boost domestic hiring, sparking opposition from corporate America and tech sector executives including Google's Sundar Pichai and Tesla's Elon Musk.
Germany's electronics industry saw a strong increase in the battery market last year, spurred by demand for lithium-ion batteries for electric cars in a wider roll-out aimed at cutting carbon emissions in transport, data showed on Tuesday.
The unpredictable Elon Musk strikes again.
Fiat Chrysler (FCA) is very close to obtaining the necessary isations to receive a 6.3 billion euros ($7.1 billion) state-backed loan from Intesa Sanpaolo , an executive at the bank said on Tuesday.
China's ride-hailing giant Didi Chuxing aims to operate more than 1 million self-driving cars through its platform by 2030, an executive said on Tuesday.
Italy has seen a surge in bicycle sales since the government ended its coronavirus lockdown as people steer clear of public transport and respond to government incentives to help the environment.
European Union countries and lawmakers struck a deal late on Monday to pave the way for Europeans to team up and sue companies for defective products but with built-in safeguards to guard against the excesses of U.S. class action lawsuits.
Volkswagen expects a V-shaped recovery lasting into 2022, its sales chief said on Tuesday, as businesses try to work out how quickly they will rebound from the coronavirus pandemic which shut large parts of the economy around the world for months.
Hyundai Motor Group and LG Chem Ltd are considering establishing an electric vehicle (EV) battery manufacturing joint venture in Indonesia, a person familiar with the matter told Reuters on Tuesday.
Britain's car industry called on the government to introduce additional measures such as a sales tax cut to boost the sector as a third of automotive workers remain furloughed due to the coronavirus outbreak.
A U.S. prosecutor on Monday urged a judge to keep a former Green Beret and his son locked up as Japan prepares to formally seek their extradition on charges that they helped former Nissan Motor Co boss Carlos Ghosn flee the East Asian country.
Nevada's governor said on Monday his state plans to adopt California's zero emission vehicle (ZEV) mandate and tailpipe emissions rules even as the Trump administration has moved to strip states of the right to implement such requirements.
Volkswagen AG's Mexican unit on Monday said about 2% of its workers tested for coronavirus had contracted the disease at some point, underlining the challenge faced by automakers in reopening factories before the pandemic has peaked in Mexico.
Jim Chanos' Kynikos Associates covered its long-held short position in Hertz Global Holdings Inc right before the company went bankrupt, Chanos said at the Bloomberg Invest Global conference on Monday.