Browsing Tag

business in us

Volkswagen Pours More Than $2 Billion Into China’s Electric-Car Industry

Auto News May 29, 2020 0

SHANGHAI—Volkswagen AG is investing €1 billion ($1.11 billion) in a Chinese auto maker and a further €1.1 billion in a local battery producer, the company said Friday,…
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Hertz Was Already in Terrible Shape. The Pandemic Finished It Off.

Auto News May 25, 2020 0

Years before it was forced into bankruptcy, Hertz Global Holdings Inc. decided to replace a fleet that was becoming a turnoff to customers. Because Hertz was strapped,…
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