Nissan to cut costs, capacity, lineup in sweeping overhaul

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.

Bronx Honda settled with the Federal Trade Commission and agreed to establish a fair lending program that includes a cap on dealer markup on indirect financing contracts.

The companies that qualified for the grants are developing a variety of products to help fight the spread of the coronavirus, such as portable vinyl partitions that separate vehicle occupants.

The federal lawsuit says GM unfairly terminated financing agreements and demanded stricter documentation from customers about their eligibility for a family discount than buyers at other stores.

Tesla said overnight that it would cut the list price of the Model S and X by $5,000. The Model 3 is getting a $2,000 price cut.

A fast-growing number of trade associations and other groups are urging members of Congress to "enact temporary liability protections for businesses, nonprofit organizations and educational institutions that work to follow applicable public health guidelines against COVID-19 exposure claims."

More than 300 of the 9,000 employees the auction giant furloughed earlier this month are returning to work amid an uptick in reconditioning requests, as well as other early signs of economic recovery.

While the state has been a nurturing partner for Tesla, a public dispute between the CEO and local health officials over the reopening of its assembly plant has created friction.

The software uses the vehicle's powertrain and climate control systems to heat the cabin to 133 degrees for 15 minutes, baking potential viruses.

The additional capital gives the supplier the flexibility to withstand an extended market downturn as the coronavirus pandemic has led to production shutdowns and depressed vehicle demand.