American Axle stock soars on prospect of sale
London-listed Melrose is weighing a combination of its GKN Automotive unit with American Axle, Bloomberg reported.
Musk's $55 billion Tesla pay package tainted by conflicts of interest, investor claims
Musk, the world’s richest person and Tesla’s largest shareholder, must face a Delaware judge at a Nov. 14 trial over the claim by investor Richard Tornetta, who claims the billionaire engineered the windfall pay deal by pushing it through a “supine board.”
Lyft to lay off 683 employees in cost-cutting push
Lyft’s latest move is expected to result in a charge of between $27 million and $32 million in the fourth quarter. It follows 60 job cuts earlier this year and a hiring freeze in September.
Cars.com swings to Q3 net loss, posts higher revenue
The dealership technology company’s dealership customer count grew to 19,585 as of Sept. 30, up 556 from a year earlier and up 68 from June 30.
Stellantis issues ‘do not drive' warning for 276,000 vehicles with defective Takata airbags after 2 deaths
A third death is suspected by Stellantis. Models cited in the airbag warning are 2005-10 Dodge Magnums, Chargers, Challengers and Chrysler 300s.