David Welch

Hertz Global Holdings Inc. posted better-than-expected profit as the company made strides reducing the costs of its rental fleet, a move that helped offset falling revenue in the quarter.

General Motors Co. notified about 5,500 employees across three plants that they are being laid off at least temporarily as the carmaker reassesses electric vehicle production in the wake of President Donald Trump’s move to eliminate crucial tax credits.

General Motors Co. cut hundreds of jobs on Friday, just days after raising its profit guidance for the year in a move that sent the shares soaring.

General Motors Co. is incurring $1.6 billion in charges tied to its pullback from electric vehicles, a stark indication of the damage that US policy changes will inflict on plug-in cars.

General Motors Co. has decided not to offer federal tax credits on electric vehicles that were in transit to dealers or on their lots before last month’s expiration of the $7,500 incentive, opting instead to give about $6,000 of its own cash for lease support and to keep EV sales going.

US carmakers have mounted a furious, last-minute lobbying blitz over the Trump administration’s potential tariffs on medium- and heavy-duty trucks, in a fight pitting Detroit’s legacy automakers against each other.

Hertz Global Holdings Inc. and Carvana Co. are becoming frenemies.

Autonomous trucking startup Gatik AI Inc. plans to operate 50 self-driving freight trucks in Canada by the end of next year, pushing toward driverless shipping with plans to remove the safety driver within months of deployment on public roads.

General Motors Co. is in preliminary talks to renew its longtime joint venture with China’s SAIC Motor Corp., signaling the US automaker’s budding optimism about its business in the world’s largest auto market after years of decline.

Amazon.com Inc. has been quietly evaluating General Motors Co.’s BrightDrop electric van, evidence that the e-commerce company continues to explore options to reduce the carbon emissions of its sprawling delivery operation.