Prosecutors End Probe into Former VW CEO Winterkorn

Prosecutors End Probe into Former VW CEO Winterkorn

German prosecutors in Stuttgart are dropping an investigation into former Volkswagen CEO Martin Winterkorn and any role he may have played in manipulating the market by covering up the automaker’s emission’s scandal. Winterkorn was being investigated for possibly...
Uber, Lyft Lose Again on California Contractor Issue

Uber, Lyft Lose Again on California Contractor Issue

Uber and Lyft suffered another setback in their fight against having to classify drivers as employees in California and are now the two companies are counting on a ballot initiative to block the full implementation of a new state law, which limits employers’ ability...
Ford, Honda Top Latest “Most Stolen” Lists

Ford, Honda Top Latest “Most Stolen” Lists

New statistics show that if you drive a Ford F-Series pickup, your vehicle is more likely to be stolen than any other. The National Insurance Crime Bureau released its annual “Hot Wheels” report that chronicles annual trends in auto thefts using data from across the...
Nikola Trying to Salvage Its Image on Wall Street

Nikola Trying to Salvage Its Image on Wall Street

What was billed as “a partnership made in heaven” has taken a hellish series of turns for Nikola this month, and with the fate of its proposed alliance with General Motors now in limbo, the Phoenix-based startup is frantically trying to reassure investors on Wall...
BMW Agrees to $18M Fine for Inflating U.S. Sales Results

BMW Agrees to $18M Fine for Inflating U.S. Sales Results

BMW just became the latest automaker fined – $18 million – by federal regulators for disclosing “misleading” information about its U.S. sales results. The company and two U.S. subsidiaries reached an agreement U.S. Securities and Exchange Commission to pay the...