In their efforts to grow volumes and grow the next generation of loyal buyers, premium automakers such as BMW and Mercedes-Benz, are selling cheaper vehicles.
Over the past few weeks, Facebook has been quick to launch a number of efforts to help combat the spread of the coronavirus, creating some much needed goodwill for the often embattled social media company.
The private-jet industry is asking Congress for bailout money, even as many private jet companies say sales are strong as wealthy flyers avoid commercial flights.
General Motors on Friday announced it will lend its auto factories to support Ventec Life Systems' production of ventilators in the fight against the coronavirus pandemic.
New York City accounts for roughly a third of all the coronavirus cases in the nation with 5,151 confirmed infections as of Friday, Mayor Bill de Blasio said.
At Mount Sinai Health System's Morningside hospital in New York City, the number of coronavirus patients at the 500-bed facility doubled in two days this week.
As the coronavirus spreads across the globe, researchers predict shuttered auto plants in Europe, North America and Latin America could reduce production of over 1.4 million vehicles.
President Donald Trump on Friday said he will use the Defense Production Act in response to the deadly coronavirus pandemic. The statute can force American companies to produce materials that are in short supply in the face of the outbreak.
New York Stock Exchange CEO Jeffrey Sprecher and his wife, Sen. Kelly Loeffler, sold millions of dollars of stock after she got a private briefing with other lawmakers about the coronavirus outbreak.
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