According to sources with knowledge of the discussion, the CEO of Volkswagen AG Herbert Diess would name Porsche's CEO Oliver Blume as the VW brand chief.
Volkswagen AG has completed its $2.6 billion investment deal with Argo AI, the startup company said on Tuesday.
On Tuesday, the US Commerce Department announced that it was commencing a national security investigation into vanadium imports.
According to Dubai's media office, Dubai would allow private businesses and malls to reopen starting on June 3.
According to sources with knowledge of the matter, China's state-owned companies purchased at least three shiploads of soybeans from the United States on Monday.
On Tuesday, Bank of America promised $1 billion to assist communities across the United States to address racial and economic inequality.
According to the Auto Motor and Sport report, published on Tuesday, the CEO of Volkswagen AG Herbert Diess would appoint Porsche's CEO Oliver Blume as the VW brand director.
Volkswagen AG finalised its $2.6 billion investment deal with Argo AI, the Pittsburgh-based self-driving vehicle startup announced on Tuesday.
On Tuesday, Wall Street's main indexes opened higher. The Dow Jones Industrial rose by 0.42% at the open, while the S&P 500 edged higher by 9.05 points.
On Tuesday, oil prices climbed to almost three-month highs ahead of the OPEC+ meeting on hopes that major oil producers would extend output cuts, according to Reuters.
The European antitrust regulators are set to pass a verdict by July 6 on the sensor maker AMS's €4.6B bid for Osram, the German lighting group, after their preliminary review.
Telefonica Deutschland has picked Ericsson to use its equipment in building the 5G core network in Germany, saying that the Swedish supplier will safeguard the next-generation services' security.
Embraer is looking for a new business partnership, after Boeing ditched their $4.2B deal that has been in the making for a few years, the Brazilian planemaker's CEO told Reuters.
On Tuesday, global stock indices reached a three month high level, as a recovery from the coronavirus was ongoing.
Britain has lent £21B to small businesses hit by the coronavirus crisis under the government-guaranteed programme in May, Reuters reported on Tuesday.
Geely-owned electric car manufacturer Polestar is planning a major showroom network expansion in China, as the premium automaker prepares for car delivery to compete with Musk's Tesla Model 3.
On Tuesday, France's Finance Minister Bruno Le Maire stated the government would sign off on the planned €5.0B loan for the carmaker Renault soon.
Germany's carmaker Volkswagen has closed its $2.6B investment in the self-driving start-up Argo AI, which is now jointly controlled by VW and Ford Motor.
On Monday, the Finance Minister of Mexico Arturo Herrera stated that the Mexican economy would overgo a smooth reopening.
Reuters revealed on Monday, that US companies have been releasing shares at a record rate, as the global stock markets continue to surge.
During Monday's trading hours, global stock indices ended the day with a surge, as world economies reopened in the aftermath of the coronavirus.
On Monday, US stock markets ended the day's trading with a surge, as reopening of economies offset riots.
Ted Baker is set to raise nearly £95M by selling shares at steep discount in a bid to ride out the coronavirus crisis, the fashion brand stated.
Brazil posted a $4.5B trade surplus last month, which was down 11.1% year-on-year and the lowest surplus registered in May in five years.