GM's BARRY ENGLE: Priorities unchanged by crisis

Neil Huffman Auto Group said it would not allow "hate or intolerance" after its employee hung an effigy of Gov. Andy Beshear outside the state Capitol.

Tesla CEO Elon Musk has opposed paying for traditional advertising and criticized other companies for spending on marketing rather than on improving their products.

GM said three U.S. factories building mid- and full-size pickups will operate on three shifts starting June 1. Three other factories that build crossovers in the U.S. and Canada will move to two shifts.

Autoliv said it sales in Europe fell 89 percent in April and plunged 96 percent in the Americas region as factories were shut. In China, sales rose 3 percent.

VW is investing $2.33 billion to take control of a joint venture with JAC Motors and for a major stake in Guoxuan, a maker of EV batteries.

The cuts, prompted by the coronavirus outbreak and the end of a key partnership with USAA Federal Savings Bank, amount to more than 30 percent of the vehicle listings company's work force.

The employees received on average $500 more than they were entitled to under the UAW's contract because of a federal economic relief program that increased unemployment benefits.

The supplier said in an email to employees that half the job cuts would be in Germany, Reuters reported.

Among the shared projects specified by VW are a midsize pickup to be developed by Ford, a city delivery van to be developed by VW and a new electric vehicle for Ford of Europe, to be built on VW's EV architecture.

Icahn, 84, sold his entire 55.3 million shares of Hertz stock on Tuesday for 72 cents a share, according to a regulatory filing. His holding represented about 39 percent of the company's equity.