Retail

GM offers $2.2 billion debt for equity swap in return for S. Korea's support, report says

General Motors has offered to convert debt of about $2.2 billion owed by its ailing South Korean operation into equity in exchange for financial support and tax benefits from Seoul, Reuters reported.


Lexus testing new hybrid math

Lexus has quietly changed the math for the 2018 model year, significantly lowering the hybrid premium for its two most popular crossovers and rolling out a sporty new hybrid platform for its LC halo coupe and LS flagship sedan.

Newsletters