Cars

Hertz Global Holdings Inc will sell up to $500 million in new shares, the car rental firm said on Monday, as it takes advantage of a strong rally in its stock since it filed for bankruptcy last month.

Hertz's shares rose to $5.53 earlier this week, a nearly 10-fold increase over their closing price of 56 cents following the company's May 22 bankruptcy filing.

Ford Motor Company issued two safety recalls Wednesday, including one affecting more than 2 million vehicles.

Tesla Inc's chief executive Elon Musk said that it is time to bring its Semi commercial truck to "volume production."

Ford Motor Co said on Wednesday it would expand its alliance with Volkswagen AG to produce up to 8 million commercial vehicles.

Volkswagen is considering more cost cuts to help cope with the economic impact of the coronavirus pandemic, a spokesman for the German automaker said on Saturday.

At the height of the coronavirus pandemic in mid-April, used-car dealer Alex Tovstanovsky had vehicles jammed six rows deep on his lot in the western Chicago suburb of Naperville.

For the fourth time, Nissan is recalling hundreds of thousands of midsize cars in the U.S. and Canada to fix a nagging latch problem that may allow the hood fly open while cars are moving.

General Motors CEO Mary Barra shares how the company is aiming for post-coronavirus success.

Online used car seller Vroom Inc filed to go public last month.

 A U.S. appeals court ruled on Monday that Volkswagen AG cannot escape potential financial penalties from two counties in Florida and Utah that may amount to a "staggering" additional liability arising from the German automaker's diesel emissions scandal.

The U.S. auto industry’s coronavirus comeback plan was pretty simple: restart factories gradually and push out trucks and other vehicles for waiting buyers in states left largely untouched by the virus outbreak.

CVS Health will try delivering prescriptions with self-driving vehicles in a test that begins next month.

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.