Recent News

Daimler CEO warns of ‘drastic’ pay cuts, deeper restructuring

The COVID-19 pandemic will force manufacturers to do more significant restructuring than they planned before the crisis erupted, CEO Ola Kallenius said during a webcast hosted by the German union IG Metall. ... Read More »

Lincoln kills Continental, goes all-in on utilities

U.S. sales of the Continental, reintroduced in 2016, slowed in recent years as customers shifted to the brand's growing crossover lineup. ... Read More »

Local Motors forges its own crash-test path

Among its recent crash-test findings, Local Motors said its 3D-printed frontal crush structure performed at an equivalent level to the crush structure found in a Mercedes-Benz E-Class sedan. ... Read More »

Uber extends mask requirement for drivers, riders

Uber's stance comes as U.S. infections surge and the debate over public health measures and wearing a mask has taken on a partisan tone. ... Read More »

McLaren will no longer lease through Ally

The British exotic automaker said that as of Tuesday it had terminated its leasing business relationship with Ally Financial. ... Read More »

Tesla's market value passes Toyota on Wall Street

Tesla is now worth more than triple the combined value of U.S. automakers General Motors and Ford Motor Co . ... Read More »

Tesla's Shanghai plant might have rescued Q2 results, analysts say

While other automakers' shares have come back slowly, Tesla’s have soared, closing Tuesday at a record high of $1,079.81. The company’s market capitalization has shot up to $200.3 billion. ... Read More »

TuSimple launches autonomous freight network

The self-driving truck company is working with partners UPS Inc., Penske Truck Leasing, carrier fleet operator U.S. Xpress and supply chain services company McLane on the network, which aims to speed development of fully autonomous commercial vehicles. ... Read More »

FTC Data Shows Record Surge in Online Shopping Complaints During Pandemic

More than half of reports involved items that were never delivered, with unreceived facemasks most frequently reported Newly released data show that since the beginning of the coronavirus pandemic, consumers have complained to the Federal Trade Commission in record...

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FTC Releases Agenda for Safeguards Rule Virtual Workshop

The Federal Trade Commission released the final agenda for a July 13, 2020 virtual workshop that will seek input on proposed changes to the Gramm-Leach-Bliley Act’s Safeguards Rule, which requires financial institutions to develop, implement, and maintain a...

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