U.S. consumer price growth cools, smallest gain in seven months
Prices paid by U.S. consumers rose in August by less than forecast, snapping a string of outsized gains and suggesting...
EV tax-credit plan draws ire from non-union Toyota, Tesla
A proposal by U.S. House Democratic lawmakers to give union-made electric vehicles higher subsidies drew criticism from non-unionized automakers, including...
Ford’s SOFR loan is first new deal to use Libor’s replacement
The transition away from Libor is hitting a milestone as Ford Motor Co. does the first syndicated U.S. corporate loan...
Toyota spending $13.7 billion to secure EV battery supplies
Toyota Motor Corp. plans to spend 1.5 trillion yen ($13.7 billion) on the supply and development of batteries for hybrid...
US hiring slows sharply amid Delta, complicating Fed taper
U.S. hiring downshifted abruptly in August with the smallest jobs gain in seven months, complicating a potential decision by the...
Stellantis plans new U.S. auto lender besides Santander
Stellantis NV is setting up a new U.S. financial-services partnership with a company other than Santander Consumer USA Holdings Inc.,...
Cox Automotive buys battery recycler to cater to used EV market
Cox Automotive, which operates used-car auctions and tracks car trade-in values, bought a battery recycling startup called Spiers New Technologies...
Wells Fargo risks regulatory action over pace of restitution
Five years into scandals that have already cost Wells Fargo & Co. more than $5 billion in fines and legal...
