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Alphabet self-driving car division, Waymo, has launched a joint venture with ride-sharing group Lyft to test autonomous vehicles as the two challenge Uber in the potentially game changing sector.
VW receives a boost, but Honda tops tables while FCA, Daimler and Renault lead among European firms
Starbucks and Fiat will have to repay around $34 million worth of back taxes following a ruling by the European Union on Wednesday.
The European Union is investigating Amazon.com (AMZN) relating to possible illegal tax breaks in Luxembourg.
Fiat Chrysler Automobiles (FCAU) stock is flat after it debuted this morning on the New York Stock Exchange.
AAA study found driver distraction rates for dashboard units were low-to-high. Apple Siri even higher.
Auto industry sales are at their best pace since the beginning of 2006, and that means 4 million more auto loan accounts in just a year.
Fiat CEO Sergio Marchionne won't review the carmaker's 2014 financial guidance, despite weakness in Europe and Latin America. On Wednesday, longtime Ferrari executive Luca Cordero di Montezemolo resigned.
Ford and GM say continuing rapid auto sales gains are being fueled by a growing economy, replacement needs and low interest rates -- not by frothiness and easy credit.
Ford, Chrysler and Nissan reported double-digit sales gains in July, while GM gained 9%.
U.S. stock futures continued their downward slump from Thursday, as investors looked eagerly to the nonfarm jobs report to be released today.
Shares of Fiat (FIATY) are up after it was reported that the car maker was in talks with PSA Peugeot-Citroen about a possible merger.
Fiaty (FIATY) CEO Marchionne, who is also chairman of CNH Industrial (CNHI), said Fiat-Chrysler plans to sell Treasury shares and its holding in sister company CNH Industrial to American investors, as he seeks interest in both companies.
Shares of Fiat (FIATY) are lower after it was reported that the National Highway Traffic Safety Administration opened two investigations into Chrysler Group vehicles involving possibly faulty ignition switches.
Apple (AAPL) stock is lower in pre-market trading after it was reported that the EU will launch a formal investigation on the company over its tax affairs.
Fiat's (FIATY) Chrysler Group LLC reported May sales that increased 17% after its Ram truck and Jeep SUV brands led the company to a 50th consecutive monthly increase, beating analysts' estimates.
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