GM designates $10 million for groups that promote inclusion, racial justice
The automaker's support will start with a $1 million donation to the NAACP Legal Defense and Educational Fund.
Reynolds and Reynolds promotes Barras to president, COO
Tommy Barras is the first executive to jointly hold the president and COO titles, a Reynolds spokesman said.
Trump threatens EU, China with tariffs
Trump, speaking at an event in Maine, complained about duties on American lobsters. "If the European Union doesn't drop that tariff immediately, we're going to put a tariff on their cars, which will be equivalent," he said.
AV developers dispute IIHS study findings
The autonomous vehicle industry contends its cars were programmed to prevent a vastly higher number of potential crash causes, including more complex errors caused by drivers making inadequate or incorrect evasive maneuvers.
Lexus delays planned reveal of IS
Toyota's luxury brand planned to show the redesigned sports sedan digitally on June 9 but has delayed the events in the wake of ongoing civil unrest in the U.S. and elsewhere.
Ford reevaluates office space in coronavirus world
Ford and many U.S. companies are wrestling with who can work from home and how much office space is necessary.
Online used-car retailer Vroom raises IPO price range
Vroom is offering about 18.8 million shares at a price range of $18 to $20 in the IPO and is expecting a valuation of $2.25 billion. At the top end of the range, it could raise $375 million.
VW completes internal probe into racist ad
The findings of the report will be released once its management board has reviewed the matter. VW's management board, headed by CEO Herbert Diess, meets regularly on Tuesdays.
U.S. hiring rebounds, defying forecasts for jobless surge
The data show a U.S. economy pulling back from the brink as states relax restrictions and businesses bring back staff. Manufacturing payrolls rose by 225,000, following a 1.32 million decline in April. Most automakers resumed limited U.S. production last month.
Toyota bets on fuel cell future with FAW, other automakers
Despite the backing of Toyota and other industry giants touting the benefits of fuel-cell vehicles — they refuel faster and are more suitable for driving long distances than all-electric vehicles — the technology hasn’t caught on due its expensive price tag.