You must have an Automotive Newssubscription to view the digital edition
Click here to subscribe
A week-long rally in Tesla shares briefly vaulted the company's market capitalization past BMW in early Friday trading, but BMW finished the day still ahead.
Ford said it plans to cut 10 percent of its salaried employees -- about 1,400 positions -- in North America and Asia to reduce costs amid slowing sales and growing investments in new technology.
On Tuesday, David Einhorn's General Motors plan got pretty banged up. It's not the first time his hedge fund, Greenlight Capital, has been to the body shop in the past few years.
Who wants to buy a used car from a vending machine? Investors will get some answers on Tuesday when Carvana releases its first earnings report since going public.
GM said proxy adviser Glass Lewis recommended shareholders to vote for GM's board nominees and against Greenlight Capital's proposal at the company's shareholder meeting in June.
GM said proxy advisory firm Institutional Shareholder Services has recommended that shareholders reject Greenlight's plan to divide GM shares into two classes.
The Wall Street split on Tesla boils down to analysts who see the next Apple and those who perceive a lot more similarity with Studebaker.
Former Ford CEO Mark Fields, ousted by the board after the automaker's stock declined 37 percent on his watch, could walk away with about $57.5 million in compensation.
Investors shrugged off media reports that Ford will announce plans to cut thousands of white-collar workers, highlighting the challenges facing CEO Mark Fields.
Ford didn't experience any angry shareholders storming out of its annual meeting on Thursday. They weren't able to -- they watched the proceedings on their laptops.
Diversified Canadian auto supplier Magna International said its net income rose 19 percent to $586 million as profit margins increased in all segments.
Penske Automotive Group has raised its dividend by a penny -- again -- to 31 cents a share.
Get 24/7 access to in-depth, authoritative coverage of the auto industry from a global team of reporters and editors covering the news that's vital to your business.
Sign up today to get the best of Automotive News delivered straight to your email inbox, free of charge. Choose your news – we'll deliver.
Entire contents © Crain Communications, Inc.
Use of editorial content without permission is strictly prohibited. All Rights Reserved.