Cars

Nissan Chief Executive Makoto Uchida said the company had gone astray by seeking "excessive sales expansion."

Mitsubishi is recalling nearly 223,000 vehicles in Canada and cold-weather U.S. states because parts of the suspension can rust, detach and cause drivers to lose control.

Hertz Global Holdings Inc., one of the nation’s largest car-rental companies, filed for bankruptcy protection Friday, saddled with about $19 billion in debt and nearly 700,000 vehicles that have been largely idled because of the coronavirus.

Hertz Global Holdings Inc. is preparing to file for bankruptcy as soon as this weekend after failing to reach a standstill agreement with top lenders.

This year, however, the weekend marks the first big holiday shopping event since the outbreak of COVID-19, meaning dealers will be rushing to seize on the deferred demand created by the virus, according to Edmunds, an American online resource for automotive information.

Ford Motor Co briefly closed its Chicago assembly plant twice on Tuesday, after reopening following a two-month shutdown amid the coronavirus pandemic, as two employees tested positive for COVID-19.

Hertz said it planned to “adjust fleet levels” as one of several measures to mitigate the impact of pandemic-related shutdowns on its business.

Panasonic Corp’s finance chief said the company is seeing strong demand for battery cells from U.S. partner Tesla and they are in talks to expand their joint plant in Nevada, which is now profitable.

U.S. car rental company Hertz Global Holdings Inc on Monday appointed Paul Stone as its chief executive officer.

Joining the index would bring the prestige of belonging to the benchmark gauge of U.S. equities and drive index funds to race to include the company’s shares in their holdings.

The best weekend road trips to consider in the North East ahead of Memorial Day.

Automaker Tesla furloughed more than 11,000 workers in Fremont, California, before CEO Elon Musk's contentious decision to restart production before receiving the green light from county officials.

Electric car maker Tesla Inc plans to introduce a new low-cost, long-life battery in its Model 3 sedan in China later this year or early next that it expects will bring the cost of electric vehicles in line with gasoline models.

Tesla CEO Elon Musk said he would be on site in Fremont, California, on Monday.

It's unclear whether Tesla will face punishment from county officials for its early restart.

State law allows a fine of up to $1,000 a day or up to 90 days in jail for operating in violation of health orders. 

Tokyo-based Honda reported Tuesday a January-March loss of $276 million.

Texas joins Utah, Georgia and Nevada as the latest state looking to capitalize on Tesla CEO Elon Musk's threat to move the company's headquarters out of Alameda County, California.

Shift workers were reportedly back on the job at Tesla's assembly plant in California.

Larger discounts could generate demand and cash flow when they reopen, even if they erode carmakers' profit margins, experts say.