WeRide files for biggest U.S. IPO by Chinese company since Didi
Chinese driverless technology startup won’t disclose the number and proposed price range for its American depositary shares until it’s ready to begin marketing them.
How one car dealership group tackles health care insurance costs
A Carter Myers self-insured plan allows it to manage costs and potentially give leftover money back to help employees cover premiums.
Hyundai dealership customer sues CDK over cyberattacks
A Hyundai dealership lease customer on July 22 joined other consumers who have sued CDK Global, alleging their data was put at risk by the June 19 cyberattacks suffered by the dealership management system provider. Ronaldo Proto of Connecticut filed the lawsuit in the U.S. Northern District of Illinois and is seeking class-action status.
Employee charged with stealing more than $50,000 from New York CDJR dealership
A Victory Chrysler-Dodge-Jeep-Ram employee in Rome, NY., allegedly stole more than $50,000 from the dealership and was charged with second-degree grand larceny and first-degree falsifying business records.
Rivian sales chief and former Porsche exec Kjell Gruner resigns after 11 months
The California company said in a regulatory filing that Kjell Gruner is resigning, and had notified Rivian of his decision to resign “to pursue other opportunities.” Gruner started at Rivian in September 2023.