Business

VW ‘cannot keep up’ against Chinese EV makers: CEO

Competing against Chinese electric vehicles in China is no easy task. Just ask the CEO of Volkswagen. The German automaker “cannot keep up at the

Business

Nelson Peltz declares victory of sorts after getting rejected by Disney shareholders, citing 50% stock boost since start of activist campaign

Disney shareholders have rallied behind longtime CEO Robert Iger, voting Wednesday to rebuff activist investor Nelson Peltz and his ally, former Disney Chief Financial Officer

Business

Kia recalls 427,000 Tellurides that might roll away while parked

Kia is recalling more than 427,000 of its Telluride SUVs due to a defect that may cause the cars to roll away while they’re parked.

Business

Prop bets helped fuel the $11 billion sports gambling boom—but the NCAA president wants them gone

NCAA President and former Massachusetts Gov. Charlie Baker worries prop bets are hurting college sports. In fact, he’s so concerned that on Wednesday he called

Business

Millennial and Gen Z credit scores will keep improving

Credit scores have long been viewed by critics as arbitrary—mostly because there are so many factors that affect them —and some people even view them

Business

Why is Tesla stock falling? Elon Musk and China production

Tesla’s no good, very bad year got even worse on Friday following reports that Elon Musk’s EV powerhouse was cutting back production at its China

Business

Lyft driver charged with anti-Semitic hate crime previously worked in trust and safety at Twitter

A California man accused of committing a federal hate crime wasn’t always a rideshare driver—he used to work as a trust and safety officer at

Business

Hertz’s EV and CEO about-face latest saga twist

It seemed like a good idea at the time. Now we know better. Hertz, reeling from a bankruptcy and the pandemic, announced plans to buy

Business

Elon Musk, Cybertruck and Tesla loyalists: long-term shareholders to get early access

Musk first unveiled the Cybertruck back in 2019, but the production timeline has been lethargic ever since. The first vehicles were delivered last fall, two

Business

Pete Buttigieg says Boeing faces ‘enormous’ FAA scrutiny

US Transportation Secretary Pete Buttigieg said the Federal Aviation Administration will rigorously assess The Boeing Co. after the blowout of a fuselage section on an Alaska Airlines flight in January. To