MUNICH — Volkswagen Group’s supervisory board was holding an extraordinary meeting Wednesday to discuss a contract extension for CEO Herbert Diess, Handelsblatt business paper reported, citing sources close to the executive. Diess is demanding the board’s backing so he can continue to reform the automaker, including implementing cost cuts to free investment for improved software
Jim Farley made clear that he wouldn’t stop driving race cars just because he’s now the CEO of Ford Motor Co. And Farley showed last week that he isn’t just content racing for fun; he’s out there to win. Behind the wheel of his Ford Cosworth-powered 1978 Lola T298, Farley took first place in his
WASHINGTON — Hyundai Motor Co. is recalling 129,000 U.S. vehicles for an engine issue that can increase the risk of a fire, U.S. regulators said Friday. The recall covers some 2015-2016 Veloster, 2012 Santa Fe, 2011-2013 Sonata Hybrid, and 2016 Sonata Hybrid vehicles because connecting rod bearings inside the engine may wear prematurely, which over