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Elon Musk is in talks with large investment firms and high net-worth individuals about taking on more financing for his $44 billion acquisition of Twitter Inc TWTR.N and tying up less of his wealth in the deal, people familiar with the matter told Reuters. The banks that agreed last month to provide $13 billion in […]

BERLIN — Volkswagen Group’s premium brands, Audi and Porsche, have decided to join Formula One, VW Group CEO Herbert Diess said. Audi is ready to offer around 500 million euros ($556.30 million) for British luxury sports carmaker McLaren as a means to enter, a source told Reuters in March, while Porsche intends to establish a

Mitsubishi Motors North America is taking a page from Silicon Valley in the war for talent. The Japanese automaker said it will allow most of its 300 U.S. employees who are not site-dependent to work from home indefinitely, with no required minimum number of days in the office. Automakers have become more flexible with their

A BMW driver noticed a low-coolant warning light and called the automaker’s customer service line. After a few moments, a video chat window opened on the customer’s smartphone and they were able to speak on camera with someone at a BMW call center. That representative guided the customer down the aisle of an auto parts

American Honda Motor Co. is reassessing how much brick-and-mortar space its dealers will really need in the future to sell vehicles in an era of smaller inventories and digital retail. Automakers have been known to pressure their retailers to invest in bigger, flashier dealerships. But American Honda is wondering if its dealers might need some

BERLIN — German automakers and suppliers said they are preparing for the possibility that Russia will cut off their gas supplies as a result of the Ukraine conflict. Gazprom, the large Russian state energy company, fired a warning shot last week toward countries that are supporting Ukraine by halting gas deliveries to Poland and Bulgaria.

DETROIT — Ford Motor Co. believes its newest product, the F-150 Lightning, can be transformational. But the automaker still has plenty of work ahead to realize the battery-powered pickup’s potential and become the industry-leading electric-vehicle purveyor that CEO Jim Farley envisions. Ford’s first-quarter earnings were down year-over-year — even setting aside a $5.4 billion loss

Elon Musk sold about $4 billion worth of Tesla Inc. stock days after reaching a $44 billion deal to buy Twitter Inc. The Tesla chief executive officer offloaded 4.4 million shares April 26 and April 27, according to regulatory filings. Musk has now disposed of more than $20 billion worth of stock in the electric-car

Asbury Automotive Group Inc. now seeks to produce $32 billion in revenue by 2025 — including $6.2 billion that would come from buying more companies. The revised 2025 revenue target announced Thursday is 60 percent higher than the $20 billion goal the public dealership group had set for the same timetable in December 2020. Asbury,

DETROIT — Ford Motor Co. on Wednesday said it is cutting 580 salaried and agency jobs in the U.S. as it reorganizes under two new divisions. The automaker is eliminating about 350 salaried and 280 agency positions on U.S. engineering teams, according to a spokeswoman. Ford alerted affected employees earlier Wednesday. “We continue to align