Business

VW: No Interest in Buying Tesla Stake

August 22, 2019 at 2:07 PM

Volkswagen AG denies a report earlier today that says the German carmaker wants to buy a stake in Tesla Inc.

Tata Motors to Continue Sales in Thailand

August 22, 2019 at 1:16 PM

India’s Tata Motors Ltd. says it will continue export trucks to the Thai market after shutting down local assembly operations there at the end of March.

DoorDash Buys Autonomous Tech Startup

August 22, 2019 at 9:33 AM

Food delivery specialist DoorDash Inc. has acquired Scotty Labs, a Silicon Valley-based startup that’s developing technology for self-driving and remotely controlled vehicles.

Nissan JV Certified for 2nd-Life EV Batteries

August 21, 2019 at 9:52 AM

4R Energy, a joint venture between Nissan and Sumitomo, has become the first company to be certified by UL LLC for repurposing used electric vehicle batteries.

Daimler Ponders Overhaul of Mercedes Vans Unit

August 20, 2019 at 2:50 PM

Daimler AG says it is reviewing the product lineup for its Mercedes-Benz Vans unit and pondering other steps to cut fixed costs and streamline the division’s management structure.

CEOs Say Shareholder Value Isn’t Everything

August 19, 2019 at 5:11 PM

Publicly trade companies have a duty to do much more than deliver hefty dividends to shareholders, says the Business Roundtable.

1994 McLaren Auctioned for Nearly $20 Million

August 19, 2019 at 4:53 PM

An unidentified buyer paid $19.8 million for a 1994 McLaren F1 supercar at a RM Sotheby auction during last weekend’s Pebble Beach Concours d'Elegance in California. 

BMW’s New CEO to Staff: Think Positively

August 16, 2019 at 1:39 PM

New BMW CEO Oliver Zipse is urging staffers to think ahead about how to outsell rival Daimler AG and its Mercedes-Benz brand.

UPS Buys Stake in Autonomous Trucking Company

August 15, 2019 at 3:27 PM

United Parcel Service Inc. has acquired an unspecified minority stake in TuSimple Inc., a San Diego-based startup that supplies autonomous driving technology for commercial truck applications. 

Scoop Ride-Sharing Raises $60 Million

August 15, 2019 at 2:55 PM

California-based startup Scoop Technologies Inc. has raised $60 million in its latest funding round to more than double the ride-sharing firm’s investment total to $106 million.

China EV Startup Nio Plans New Staff Cuts

August 15, 2019 at 11:45 AM

Chinese electric car startup Nio Ltd. confirms the company will launch a new round of staff cuts but is unclear about the magnitude.

CEO at Carbon Fiber Supplier SGL Resigns

August 15, 2019 at 10:57 AM

Juergen Koehler, the CEO of carbon fiber supplier SGL Group, will leave the company at the end of August after the supplier scrapped its business plan and slashed its outlook.