US jobless claims extend gradual decline, remain elevated
Applications for U.S. unemployment benefits extended their slow decline despite a stream of business reopenings, underscoring the longer-term labor-market challenges...
Nikola may not be next Tesla, but its valuation is more extreme
It has some competition, but no stock on the auto sector is a better reflection of the equity market’s recent...
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...
