Louis Bacon-backed fund invests $50M in EV maker Fisker
Electric-vehicle startup Fisker Inc. has raised $50 million from hedge fund veteran Louis Bacon, with the money going toward engineering...
Electric-car bonanza allows Karma to tap lifeline
Karma Automotive, maker of the Revero plug-in hybrid luxury car, has raised $100 million from outside investors as the company...
UK car sales show signs of recovery
Britain’s car industry showed signs of improvement in June, spurred by the reopening of showrooms from lockdown measures designed to...
US adds 4.8M jobs, above forecasts, before virus pickup
The rebound in the U.S. labor market accelerated in June as the economy reopened more broadly, before a pickup in...
Tesla overtakes Toyota as the world’s most valuable automaker
Tesla Inc. displaced Toyota Motor Corp. as the world’s most valuable automaker, underscoring investor enthusiasm for a company trying to...
Supreme Court backs President’s power to fire CFPB director
A divided U.S. Supreme Court said the president has broad power to fire the director of the Consumer Financial Protection...
US initial jobless claims worse than forecast for second week
The number of Americans seeking unemployment benefits was higher than forecast for a second straight week, adding to signs that...
Volkswagen is said to explore offer for Europcar
Volkswagen AG is exploring an offer for Europcar Mobility Group, according to people familiar with the matter. Shares of the...
