VW Appoints Porsche CEO to Succeed Diess After Tumultuous Tenure
Volkswagen AG will elevate Porsche chief Oliver Blume to replace Herbert Diess, who will leave his position leading the world’s...
Powell seen slowing Fed’s hikes after 75 basis points next week
Federal Reserve Chair Jerome Powell is likely to slow the pace of interest-rate increases after front-loading policy with a second...
AutoNation notches record profit on pricier cars
AutoNation Inc. shrugged off a sales decline to post record profit in the second quarter as US prices for new...
McLaren raises $150 million from shareholders with cash low
McLaren Group Ltd. has turned to its shareholders once again to keep the company afloat as the British luxury carmaker...
Volvo car sees 2022 sales flat-to-lower on supply disruption
Volvo Car AB said retail sales this year will be flat or slightly lower than 2021 after semiconductor shortages and...
Aston Martin Plans £653 Million Raise With Saudi Investment
Just five months after declaring Aston Martin Lagonda Global Holdings Plc had plenty of cash, Chairman Lawrence Stroll announced plans...
Citi now sees a 100 basis-point Fed rate hike in July as likely
Citigroup Inc. economists now see a 100 basis-point rate increase as the most likely outcome when the Federal Reserve meets...
US inflation quickens to 9.1%, amping up Fed pressure to go big
US inflation accelerated in June by more than forecast, underscoring relentless price pressures that will keep the Federal Reserve on...
