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Updated: 2 weeks 3 days ago

Auto Blog News Feed: Harley-Davidson will lay off 500 employees as part of turnaround strategy

Thu, 07/09/2020 - 19:39

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Harley-Davidson Inc on Thursday said it will lay off 500 employees this year as part of new Chief Executive Jochen Zeitz's efforts to revive the struggling motorcycle maker. As part of the overhaul, Chief Financial Officer John Olin will leave the company effective immediately. Darrell Thomas, treasurer, will become interim chief financial officer, it said.

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Harley-Davidson will lay off 500 employees as part of turnaround strategy originally appeared on Autoblog on Thu, 9 Jul 2020 15:39:00 EDT. Please see our terms for use of feeds.

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Auto Blog News Feed: Autoblog is Live: Playing Rocket League

Thu, 07/09/2020 - 18:50

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We're playing F1 2019 today.

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Autoblog is Live: Playing Rocket League originally appeared on Autoblog on Thu, 9 Jul 2020 14:50:00 EDT. Please see our terms for use of feeds.

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Auto Blog News Feed: VW can face dieselgate claims in countries where cars were bought, EU court rules

Thu, 07/09/2020 - 15:58

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EU consumers should be able to sue Volkswagen in their national courts if they have bought cars with emission cheat devices installed, the Court of Justice of the European Union ruled on Thursday. The verdict by the EU's top court raises the possibility that the German carmaker could face masses of legal complaints from consumers across the bloc. The case came to the EU court after an Austrian court handling a claim by the Austrian consumer association VKI on behalf of 574 owners of manipulate

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VW can face dieselgate claims in countries where cars were bought, EU court rules originally appeared on Autoblog on Thu, 9 Jul 2020 11:58:00 EDT. Please see our terms for use of feeds.

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Auto Blog News Feed: Federal judge throws out GM's racketeering lawsuit against Fiat Chrysler

Wed, 07/08/2020 - 23:59

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A federal judge on Wednesday threw out a racketeering lawsuit General Motors Co had filed against smaller rival Fiat Chrysler Automobiles NV , saying the No. 1 U.S. automaker's alleged injuries were not caused by FCA's alleged violations. GM officials said in statement they "strongly disagree" with the order by U.S. District Court Judge Paul Borman, whom the automaker had sought to have removed from the case, and would appeal. "There is more than enough evidence from th

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Federal judge throws out GM's racketeering lawsuit against Fiat Chrysler originally appeared on Autoblog on Wed, 8 Jul 2020 19:59:00 EDT. Please see our terms for use of feeds.

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Auto Blog News Feed: Elon Musk approaches $1.8 billion bonanza

Wed, 07/08/2020 - 23:53

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Fueled by stronger-than-expected car deliveries, shares of Tesla have surged over 40% in the past seven sessions, elevating the company's market capitalization to $259 billion. More important for Musk's personal finances, Tesla's six-month average market capitalization has reached a record $138 billion. Hitting a six-month average market capitalization of $150 billion would trigger the vesting of the second of 12 tranches of options granted to the billionaire to buy Tesla stock as part of his

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Elon Musk approaches $1.8 billion bonanza originally appeared on Autoblog on Wed, 8 Jul 2020 19:53:00 EDT. Please see our terms for use of feeds.

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