Used-car platform Vroom hits $5B value in trading debut
Auto sales platform Vroom Inc. rose as much as 116% in its trading debut after racing past its earlier goals...
China monthly car sales rise for first time in almost a year
Car sales in China rose for the first time in almost a year last month, evidence that the world’s largest...
Toyota bets on China fuel cell future with FAW, other automakers
Toyota Motor Corp. is teaming up with five Chinese companies including Beijing Automobile Group Co. and China FAW Corp. to...
Bentley to cut 1,000 UK jobs in recovery plan after virus
Bentley Motors Ltd. plans to slash as many as 1,000 jobs in the U.K., about a quarter of its workforce,...
US jobless claims slow while underscoring persistent weakness
As business reopenings picked up nationwide, Americans filed nearly 2 million applications for unemployment benefits last week, reflecting a slowing...
UK car sales drop 89% in May after lockdown shuts dealers
Automakers in the U.K. sold about 89% fewer cars in May than a year earlier with dealerships shuttered for a...
China vehicle sales likely rose for a second month, group says
China’s vehicle sales rose for a second straight month in May, an industry group estimated, signaling a recovery in the...
Used-car prices bounce back after giving US industry a scare
Used-vehicle prices are bouncing back from last month’s lows and approaching J.D. Power’s pre-pandemic forecasts, a welcome development for ailing...
