CarMax profits rise on tax-rate change

CarMax's profits rose in the quarter ended May 31 largely because of a lower income tax rate, the nation's largest used-car retailer said Friday.

Tesla suffers another fire at Calif. plant

A machine used for paper recycling caught fire late Thursday at Tesla's Fremont, Calif., campus, outside the company's main EV assembly plant, but manufacturing was not affected.


Joyson Safety Systems names Guido Durrer as CEO

Joyson Safety Systems, the Chinese-owned supplier that acquired the former Takata safety products business, said it appointed Guido Durrer as its new CEO.

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