Lyft to cut 17% of work force, reduce salaries

The ride-hailing company also will furlough about 5 percent of its staff who handle operations that have been suspended during the pandemic.

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VW pauses May 3 production restart, citing suppliers, market

Volkswagen of America has indefinitely paused its plan to bring its Chattanooga Assembly plant back on line Sunday, May 3, citing its suppliers and the state of the market. Employees there are to remain furloughed.

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AutoNation names Cannon to new customer experience position

Marc Cannon adds technology oversight to his responsibilities at the largest U.S. dealership group. He will continue to lead brand, advertising, marketing, e-commerce, customer relations and communications.

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GM delays Hummer EV reveal

GM planned the debut for May 20 at a GMC dealer meeting in Las Vegas, but the event has been canceled. GM is looking at other options, including a virtual event.

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Sonic reduces headcount by a third, reports Q1 net loss

The dealership group wrote down the value of its franchised business by $268 million during the first quarter because of the impact of the coronavirus crisis on its market value. Adjusted earnings from continuing operations rose 4.9 percent to $17.6 million and the company's shares surged in early trading.

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BorgWarner to start limited production at damaged S.C. plant in early May

BorgWarner is planning to resume limited production in early May at its Seneca, S.C., facility that was severely damaged by a tornado earlier this month.

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Musk presses for U.S. to reopen ahead of Tesla's Q1 report

Tesla CEO Elon Musk was busy on Twitter overnight. “Give people their freedom back!” he tweeted ahead of Tesla releasing first-quarter results Wednesday. “Elon Musk: FREE AMERICA NOW,” he wrote in another post.

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