GM plans to ramp up plants with dealers running low on pickups

With Fiat Chrysler's decision apparently final, executives from the union and automaker met Friday to discuss terms of the upcoming buyouts.

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.

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.

Self-driving delivery company Nuro has already worked with Walmart and Kroger. On Thursday, it added another big partner.

Automakers' worries over the continuing fallout from the pandemic and a loan dispute between event organizers and authorities could jeopardize the auto show next year.

Keeping small suppliers afloat financially is critical for the automakers as they try to restart North American factories and generate cash from sales of large pickup trucks, crossovers and SUVs.

The automaker aims to cut $2.78 billion in fixed costs and reduce global production capacity from 7.2 million to 5.4 million vehicles. Nissan will close plants in Indonesia and Spain, and realign its U.S. production footprint.