GM finance chief Suryadevara departs

The rental-car giant is looking for new sources of cash with the travel business in a deep slump and proceeds from the sale of its cars going to pay off creditors.

The decision is a setback for the ride-hailing companies as they defend against a lawsuit by California Attorney General Xavier Becerra and the cities of Los Angeles, San Diego and San Francisco.The judge delayed enforcing his order by 10 days to give the companies a chance to appeal.

The unrest reportedly stemmed from an incident earlier in the day when officers shot and wounded a 20-year-old man after he fired shots at them while being chased.

FCA said GM's attempt to revive a federal racketeering case that a judge dismissed in July with new claims of bribery and corporate espionage is "meritless and should be denied."

Nikola shares surged 22 percent after the company announced the plans to build trucks for Republic Services.

Steve Jordan, whose resignation as CEO of the used-vehicle dealers association was announced Friday, will become KAR's executive vice president of dealer sales starting in September.

The agency's Office of Defects Investigation has received three reports alleging the minivans caught fire at the charge hub.

Makers of electric vehicles have been enjoying a surge in investor interest after strong share price gains this year in Tesla and Nio.

Hyundai plans to release three electric vehicles under the new brand in the next four years, starting in early 2021 with a midsize crossover.

Jim Farley's gambit to leave a flourishing Toyota career to help save a foundering Ford at the outset of the Great Recession has paid off, but he'll have much on his agenda when he takes charge Oct. 1.