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Porsche Nears 30,000 Deposits for Taycan EV
7/29/2019Porsche AG says it has collected nearly 30,000 deposits for the all-electric Taycan sports car it will officially unveil in September.
Convertible, Racing Versions of New Vette on Tap
7/29/2019General Motors Co. will introduce convertible and C8.R racing versions of the all-new Chevrolet Corvette this autumn.
Lyft’s COO Quits
7/29/2019Chief Operating Officer Jon McNeill is leaving ride-hailing service Lyft Inc. after 17 months on the job. Lyft plans to abolish the position.
Tesla Readies New Round of Software Upgrades
7/29/2019Tesla Inc. plans to introduce version 10 of its infotainment and tech software that improve video streaming capabilities and upgrade the carmaker’s controversial Autopilot semiautonomous driving system.
Airbag System Defect Prompts VW, Porsche Recall
7/29/2019Volkswagen AG is recalling 35,300 VW and Porsche brand vehicles to remedy a defective electronic airbag controller.
Visteon’s Profits Plunge 80%
7/29/2019Electronics supplier Visteon Corp. says its second-quarter sales and net income from continuing operations fell 3% to $733 million and 80% to $7 million, respectively.
Audi Readies Hybrid Performance SUVs
7/29/2019Audi AG is developing RS performance variants of several of the company’s SUV/crossover vehicles, some of which will feature hybrid powertrains.
British Currency Slides to 28-Month Low on Brexit Fears
7/29/2019Fears about terms of the U.K.’s departure from the European Union have cut the value of the British pound against the dollar and euro to 28-month lows.
Veoneer’s Operating Losses Nearly Triple
7/29/2019Veoneer Inc., which spun off from safety equipment supplier Autoliv Inc. a year ago, reports its second-quarter operating loss expanded to $137 million from $48 million.
BP Forms Ethanol JV in Brazil
7/29/2019Oil and gas giant BP plc and New York-based agricultural commodities business Bunge Ltd. are combing their ethanol and sugar operations in Brazil.