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Uber Acquires Mideast Competitor Careem for $3.1 Billion

Uber Acquires Mideast Competitor Careem for $3.1 Billion

By Aya Batrawy and Fay Abuelgasim | Mar 26
Ride-hailing service Uber announced on Tuesday it has acquired Mideast competitor Careem for $3.1 billion, giving the San Francisco-based firm the commanding edge in a region with a large, young, tech-savvy population.

GM Announces Jobs, Electric Vehicle After Trump Criticism

GM Announces Jobs, Electric Vehicle After Trump Criticism

By Mike Householder and Toim Krisher | Mar 24
Less than a week after a series of critical tweets from the president over an Ohio plant closure, General Motors is announcing plans to add 400 jobs and build a new electric vehicle at a factory north of Detroit.

NTSB: Impaired Truck Driver Likely Cause of GOP Train Crash

NTSB: Impaired Truck Driver Likely Cause of GOP Train Crash

By Ben Finley | Mar 23
A trash truck driver who had marijuana in his system likely caused a fatal collision last year with an Amtrak train that was carrying Republican lawmakers, federal investigators concluded Thursday.

Ford Repackages Investment, Boosts New Jobs from 850 to 900

Ford Repackages Investment, Boosts New Jobs from 850 to 900

By Tom Krisher | Mar 22
Ford Motor Co. is repackaging a previously announced $900 million manufacturing investment in the Detroit area, boosting the number of jobs added from 850 to 900.

Carvana Debuts Second Pennsylvania Car Vending Machine

Carvana Debuts Second Pennsylvania Car Vending Machine

Mar 21
Carvana (NYSE: CVNA), a leading e-commerce platform for buying and selling used cars, unveiled its newest Car Vending Machine today in Pittsburgh.

BMW Warns Profits Will Fall Due to Costs, Trade Uncertainty

BMW Warns Profits Will Fall Due to Costs, Trade Uncertainty

Mar 20
German automaker BMW says its profits this year will be "well below" last year's due to higher raw materials prices, the costs of compliance with tougher emissions requirements and unfavorable shifts in currency exchange rates.

Edmunds: Are Prepaid Car Maintenance Plans Worth It?

Edmunds: Are Prepaid Car Maintenance Plans Worth It?

By Ronald Montoya | Mar 16
The pitch sounds tempting. But what exactly do these plans cover? And are they a smart use of your money?

Tesla Unveils Model Y SUV, Expanding into Popular Segment

Tesla Unveils Model Y SUV, Expanding into Popular Segment

By Alex Veiga and Michael Liedtke | Mar 15
Tesla unveiled a new all-electric SUV on Thursday night that the automaker hopes will win over consumers looking for an all-electric alternative in the most popular segment of the auto market.

China's Auto Sales Contraction Worsens in February

China's Auto Sales Contraction Worsens in February

By Joe McDonald | Mar 14
The downturn in China's auto market worsened in January and February as an economic slowdown and a tariff fight with Washington chilled demand in the industry's biggest global market.

Volkswagen to Shed Up to 7,000 Jobs Through Automation

Volkswagen to Shed Up to 7,000 Jobs Through Automation

Mar 13
German carmaker Volkswagen AG says it expects to shed between 5,000 and 7,000 jobs at its core brand by 2023 as a result of increasing automation of "routine tasks."

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