Recent News

EV startups look to IPOs to stave off extinction

Electric-vehicle makers in the cutthroat Chinese market face a potentially lethal mix of plummeting demand and a Tesla offensive, prompting more startups to see initial public offerings as a way to ensure survival. ... Read More »

Genesis pushes GV80, G80 launches to fall

The reason for the delay was the shutdown of much of Michigan during the COVID-19 outbreak, including EPA offices and laboratories that certify vehicle emissions, a Genesis spokesman said. ... Read More »

Scammers Who Used Robocalls to Target Cash-Strapped Consumers Banned from Selling Debt Relief Services and Telemarketing

The operators of a Florida-based company that allegedly defrauded financially-distressed and often older-adult consumers with deceptive robocalls claiming they could save them money by reducing the interest rates on their credit cards has settled Federal Trade...

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Indivior, Inc. to Pay $10 Million to Consumers, Settling FTC Charges that the Company Illegally Maintained a Monopoly over the Opioid Addiction Treatment Suboxone

FTC alleges company used anticompetitive tactics to impede competition from lower-cost generics Indivior, Inc. has agreed to pay $10 million to settle Federal Trade Commission charges that it violated antitrust laws through a deceptive scheme to thwart lower priced...

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What to consider when sharing your financial data

A growing number of financial services are powered by data sharing. Learn the key things to consider before sharing your data, and tips for sharing your data in the best way. ... Read More »

EV maker Via Motors looks to raise $250 million, report says

The company would use the proceeds for product development and is in talks with logistics companies to invest in the funding round, Bloomberg reported. ... Read More »

VW's Mexico unit urges workers to reconsider wage demands

After suspending operations in Mexico for more than three months to contain the pandemic, the automaker faces a contract negotiation in which its unionized workers in Puebla are seeking a 12 percent wage increase. ... Read More »

Luminar adds influx of auto veterans, opens Detroit office

Luminar, a startup making key sensors for self-driving vehicles, added five automotive-industry veterans to its ranks Thursday as part of preparations for series production. ... Read More »

GWC Warranty Announces Strategic Partnership with Darwin Automotive

GWC partners with Darwin to provide a full suite of dgital retailing options to dealers. ... Read More »

Hyundai Motor Exceeds Second-Quarter Estimates

Hyundai Motor Co┬áreported a smaller-than-expected drop in profit on high-margin domestic sales and said, while demand should pick up soon, the pace of recovery will be slow due to the impact of the coronavirus pandemic. ... Read More »