VW Cuts Dividend After $940 Million Loss
(Bloomberg) — Volkswagen AG cut its proposed dividend after recording an 800-million-euro loss ($940 million) in the first half of the year, when the Covid-19 pandemic shuttered showrooms and factories in key markets. The German manufacturer…
Chinese Electric SUV Maker Li Auto Raises $1.1 Billion in IPO
(Bloomberg) — Chinese carmaker Li Auto Inc. raised $1.1 billion in an above-range U.S. initial public offering, adding to the market focus on electric-vehicle companies, according to terms of the deal reviewed by Bloomberg. Li Auto sold 95 million…
Apple, Bose, Dyson, Nintendo, Skechers, Weber and more
Yahoo Life is committed to finding you the best products at the best prices. We may receive a share from purchases made via links on this page. Pricing and availability are subject to change. The best Amazon sales this week include these iPad Mini and…
GM Sees Path to Profit in Second Half After Quarterly Loss
(Bloomberg) — General Motors Co. reported its first quarterly loss since it emerged from bankruptcy but said it sees a path to full-year profit and paying off debt if the economy remains stable during the second half of 2020. With plants running…
The 2021 Hyundai Veloster N Now Comes Standard With the Must-Have Performance Pack
From Road & Track Hyundai released details today for the newly refreshed 2021 model-year Veloster N, going over all of the changes made to the car to keep potential buyers interested. The biggest differences is the addition of an eight-speed…
The Battle to Avoid Becoming the Next Hertz
(Bloomberg Opinion) — Consumers fearful of catching the coronavirus are adapting their transport habits: Crowded airplanes are now unappealing, while being cocooned in a car feels safe. Car rental firms have had a close-up view of this rapid shift…
Isle of Wight to stage brand new road racing festival next year as Diamond Races is launched
The Isle of Wight will stage a four-day road racing festival at the end of next season, with the new Diamond Races set to follow in the footsteps of the Isle of Man TT. Set on a 12.4 mile course that runs through the villages of Chale, Kingston, Shorwell…
Revel suspends NYC scooter service after two fatal crashes
NEW YORK — Ridesharing scooter startup Revel said Tuesday it is suspending operations in New York City after a second fatal crash in less than two weeks. Revel tweeted that service “will be shut down until further notice” as it reviews safety and rider…
Revel suspends NYC scooter service after 2nd fatal crash
NEW YORK (AP) — Ride-sharing scooter startup Revel said Tuesday it is suspending operations in New York City after a second fatal crash in less than two weeks. Revel tweeted that service “will be shut down until further notice” as it reviews safety and…
Moped-sharing service Revel suspends operations in NYC after two people die in accidents
REUTERS The electric moped sharing app Revel has shut down its operations in New York City after two of its users were killed while driving with the platform in recent weeks, the company has confirmed. Revel tweeted that service “will be shut down…