Tagged: Company coverage

Payday is here for Elon Musk

Tesla’s CEO has cleared a milestone that will allow him to buy 1.7 million company shares at a much lower than market price, making a paper profit of more than $700 million. Claudia Assis...

VW loses Dieselgate case at German court

Germany’s top court ruled against Volkswagen in the so-called Dieselgate case, ordering the company to compensate car owners. Ilona Wissenbach reported the news for Reuters: Volkswagen (VOWG_p.DE) must pay compensation to owners of vehicles...

Facebook makes remote work permanent

Facebook is making remote work a permanent fixture, expecting half of its employees to work remotely in 10 years. Emily Bary from MarketWatch reported: Facebook Inc. FB, +0.61% Chief Executive Mark Zuckerberg expects that...

Ford shuts two factories on new Covid-19 cases

Ford suspended production at two factories after workers tested positive for Covid-19. CNN’s Chris Isidore reported: Just days after reopening its American assembly plants, Ford temporarily shut down two separate factories because employees tested...

U.S. car factories begin to reopen

The U.S. auto industry is beginning to reopen with tightened health safety measures. Ben Klayman and Nick Carey reported the news for Reuters: The U.S. auto industry is slowly returning to life, with vehicle...