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Hertz deems Knighthead bid superior in duel to exit bankruptcy

<!--><!--> <!--><!--> BLOOMBERG Hertz Global Holdings Inc. determined a proposal from Knighthead Capital Management and Certares Management to buy the car renter was superior to an existing...

Chicago show returns in July

<!--><!--> <!--><!--> Chicago Auto Show in 2017. The event will be smaller than usual and run only half as long as in normal times. But there will...

Stellantis to hit emissions target without Tesla's aid, Tavares says

<!--><!--> <!--><!--> Stellantis will not need to buy CO2 credits from Tesla to meet regulatory targets, CEO Tavares said. Stellantis expects to achieve its European CO2 emissions...

Ford to revive Lightning badge on electric F-150, report says

<!--><!--> <!--><!--> FORD A teaser image showing the front of the planned electric F-150 pickup. DETROIT — Ford Motor Co. is reportedly reconstituting an old name for one...

Ford E-Transit to start at $44,990; registration site opens

<!--><!--> <!--><!--> DETROIT — Ford Motor Co. said Tuesday the E-Transit electric van will start at $44,990, including shipping, cheaper than originally estimated and less than...

Biden commerce chief calls for surge in U.S. chip production

<!--><!--> <!--><!--> Commerce Secretary Gina Raimondo called for a major increase in U.S. production capacity for computer chips whose current shortages are causing global manufacturing bottlenecks,...

GM Defense taps new president, opens N.C. production center

<!--><!--> <!--><!--> General Motors' defense subsidiary appointed a new president and officially opened its North Carolina manufacturing center, the company said in a statement Tuesday.The production...

Nissan sells its Daimler stake, following Renault

<!--><!--> <!--><!--> FRANKFURT -- Japan's Nissan Motor Co. said on Tuesday it was selling its roughly 1.5 percent stake in German carmaker Daimler AG through an...

Ferrari postpones financial targets despite record orders

<!--><!--> <!--><!--> MILAN -- Ferrari has postponed by one year its financial targets initially set for 2022 due to the coronavirus pandemic, despite a record order...

Ford-backed Argo sees new sensor as key for self-driving cars

<!--><!--> <!--><!--> Argo AI’s pilot showed communication between self-driving vehicles and smart traffic lights could help trim wait times at the lights. Argo AI, the self-driving startup...