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Lexus thinks it finally has a way to catch up with Mercedes in luxury-car sales: Go into the high-end boat business.

The global head of Volkswagen said the brand is aiming for “around 5 percent market share” in the United States in the next ten years, a goal that would more than double its current position.

Tesla has lost two of its most senior financial executives in short succession within weeks of when the electric-car maker will give an update on the Model 3 sedan that it’s struggled to mass produce.

South Korea’s Korea Development Bank said it would provide short-term loans to General Motors’ South Korean unit after April, should the company cooperate with due diligence.