How PSA-FCA merger plan prevailed despite COVID crisis, squabbles

Assembly workers are considered essential in most states, but not at the top of the list for vaccines, which are expected to be distributed first to health care workers and nursing home residents.

Tesla's factory near Berlin will make cars tailored for European buyers, including smaller models that can park in dense urban environments, CEO Elon Musk said.

Ford's new hire comes as the automaker puts a new emphasis on technology. Ford described Deering as “accomplished at using technology, data and analytics to anticipate customer needs and fulfill them with human-centered products and services.”

With 15 large-scale factories under construction, the EU says the region could produce enough battery cells to power at least 6 million EVs within five years.

In an interview, VW's CEO spoke about why the time is right to launch EVs, why he is shaking up management and the effects of the coronavirus pandemic.

PSA shareholders’ 6-to-5 advantage on the new board won’t change soon, as members will serve an initial term of office of at least four years; PSA CEO Carlos Tavares will be appointed for a five-year term as Stellantis CEO.

The 49-year-old Tesla CEO's net worth on Monday soared $7.2 billion to $127.9 billion, driven by yet another surge in Tesla’s share price. Tesla shares rose another 6.4 percent on Tuesday and reached a market value of $526 billion.

As part of its new effort to cut warranty costs, Ford has told suppliers it will charge them upfront for half the cost of a warranty problem. Suppliers might get some of the money back if they resolve problems more quickly.

General Motors Canada President Scott Bell recently told The Canadian Press that Oshawa is already on pace to be one of the fastest plant transformations in GM history.

GM CEO Mary Barra said in a letter to environmental groups it is "immediately withdrawing from the preemption litigation and inviting other automakers to join us." President-elect Joe Biden praised GM for the move.