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Ferrari to issue $713 million bond to boost liquidity

The issue will improve Ferrari’s liquidity to about $2.2 billion. The supercar maker has fared better than others during the coronavirus crisis.Read More

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Future of EVs in the U.S. depends on New! 2020-06-03 08:21:59Automakers planned to spend at least $141 billion over the next few years to retool supply chains in a historic shift from internal combustion to batt

GM expects to emerge from pandemic with lower New! 2020-06-03 06:56:32GM CEO Mary Barra said permanent cost reductions could include fewer vehicle platforms and reducing the complexity of those platforms to be more focus

VW, Porsche brands to get new bosses in 2020-06-03 03:53:36Porsche CEO Oliver Blume will become head of the VW brand to help the automaker get a grip on production issues with the ID3 elect

Renault finalizes $5.6B credit facility with French state 2020-06-02 16:36:20Renault Chairman Jean-Dominique Senard said the French government has not attached any major conditions on the credit facility.

Lawsuit accuses Carvana founders and directors of insider 2020-06-02 16:36:13Filed on behalf of a group of pension funds, the suit alleges that the controlling Garcia family and company directors issued millions of shares at "

More than 20 U.S. dealerships damaged in wake 2020-06-02 16:14:43Showrooms across the country have experienced vandalism, theft and/or closures during protests over the death of George Floyd in Minneapolis. Some dea

Jeep employee hit by stolen vehicle in Toledo 2020-06-02 15:58:12Police told The Toledo Blade that there were no suspects yet. Investigators were attempting to obtain surveillance footage. In an email statement, FCA

Russia's Yandex plans to stay in Mich., double 2020-06-02 12:19:18The company plans to add about 10 Hyundai Sonata self-driving vehicles to its fleet in Detroit by the end of the year.

Online used-car retailer Vroom targets IPO worth at 2020-06-02 11:52:43The company, which has been reporting strong revenues but with net losses, has applied to be traded on the Nasdaq exchange under the VRM ticker symbol

Sales rebound gathers pace in May 2020-06-02 08:43:28The rebound in new-vehicle sales accelerated in May, with volume rising nearly 12 percent from a year earlier, helped by heavy marketing promotions, i

GM, Ford using usual summer break to make 2020-06-01 18:31:57Many GM plants will stay open through the usual July 4 break, while some Ford plants close for just one week instead of two. FCA has not yet announced

Nearly 6,000 Michigan residents entitled to relief in 2020-06-01 17:01:33Impacted consumers have been identified and will each receive a $225 relief payment, Michigan Attorney General Dana Nessel said Monday. A portion of t

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