BMW records first quarterly loss since 2009 on virus impact
BMW AG’s loss-making automotive division dragged the company into the red for the first time in more than a decade,...
Ford says Jim Hackett to retire as CEO; Farley to replace
Ford Motor said that CEO Jim Hackett, who has led the company’s transformation since 2017, plans to retire from the...
Lordstown Motors joins electric-vehicle rush to stock market
Lordstown Motors Corp., the electric-truck startup that stepped in to save a shuttered General Motors Co. factory in Ohio, will...
US economy shrinks at record 32.9% pace in second quarter
The U.S. economy suffered its sharpest downturn since at least the 1940s in the second quarter, highlighting how the pandemic...
US jobless claims rise a second week in sign of growing risks
The number of Americans filing for unemployment benefits increased for a second straight week, a sign the economic rebound is...
Aston Martin first-half loss widens in run-up to SUV launch
Aston Martin Lagonda Global Holdings Plc reported a wider first-half loss as the British carmaker invested in the launch of...
Peugeot maker PSA sticks to outlook despite virus drag
PSA Group held on to its financial outlook after generating a profit during the first half of the year, suggesting...
Hertz to cut $6B in vehicle debt by year end, lawyer says
Hertz Global Holdings Inc. has struck a deal that will cut the debt it owes lenders who financed its rental...
