Fiat Chrysler and PSA sealed their long-awaited merger on Saturday to create Stellantis, the world's fourth-largest auto group with deep enough pockets to fund the shift to electric driving and take on bigger rivals Toyota and Volkswagen.
General Motors Co and labor union Unifor said on Friday they have reached a tentative deal for the automaker to invest nearly C$1 billion ($785.42 million) in its CAMI Assembly Plant in Ingersoll, Ontario, to manufacture commercial electric vans.
BMW said on Friday that it aims to double its sales of fully-electric vehicles this year as the German carmaker and rivals race to release new models to comply with CO2 emissions targets and chase market leader Tesla Inc.
Goldman Sachs Group Inc said on Friday it expects to become the issuing bank for automaker General Motors Co's credit card business, starting September this year.
Automakers around the world are shutting assembly lines because of a global shortage of semiconductors that in some cases has been exacerbated by the Trump administration's actions against key Chinese chip factories, industry officials said.
Tesla Inc filed a petition with U.S. auto safety regulators saying that 612,000 vehicles produced since 2012 do not fully comply with federal safety standards because displays can be switched from miles per hour to only metric measurements, documents released on Friday show.
BlackRock has sold almost all its stake in China Telecom, a company subject to a new ban on U.S. investment, a stock market filing on Friday showed.
A German court in Braunschweig, Germany, said on Friday it had halted criminal proceedings against former Volkswagen CEO Martin Winterkorn for alleged market manipulation as part of the carmaker's emissions scandal.
British airline Virgin Atlantic said on Friday it had completed the sale and leaseback of two Boeing 787s as part of a plan to strengthen its balance sheet.
American Airlines has told pilots they should take a COVID-19 vaccine on their own time while preparing a broader voluntary program for employee vaccinations at airports around the country.
Delta Air Lines CEO Ed Bastian expects 2021 to be "the year of recovery" after the coronavirus pandemic cut operating revenue by 64% and prompted its first annual loss in 11 years.
Carlos Ghosn concealed the scale of his compensation at Nissan because he feared the French government would force him out of Renault if it discovered how much he earned, an executive at the Japanese carmaker told a Tokyo court on Thursday.
Toyota Motor Corp settled a lengthy Justice Department civil probe into its delayed filing of emissions-related defect reports for $180 million, the government said on Thursday.
Daimler will cut production and reduce working hours at a second factory, the latest automaker to suffer from a global shortage of semiconductors, the Handelsblatt daily reported on Thursday, citing unnamed company sources.
American Airlines plans to offer COVID-19 vaccines to its employees at medical clinics at its hub airports once they are available, with inoculation for Chicago-based employees possible as soon as next month, a director told Reuters.
French carmaker Renault pledged to slim down and focus more on technology as its new CEO laid out plans to revive a business hammered by management turmoil and the COVID-19 crisis.
For a year expected to mark a turning point for pandemic-stricken European airlines, 2021 is off to a rough start.
Nissan Chief Executive Makoto Uchida said on Thursday that Renault's strategy overhaul, aimed at focusing on fewer and more profitable models, was a strong plan that would help cement progress within the two firms' alliance.
The National Highway Traffic Safety Administration (NHTSA) on Wednesday asked Tesla Inc to recall 158,000 Model S and Model X vehicles over media control unit (MCU) failures that could pose safety risks by leading to touchscreen displays not working.