The EV maker, which has vaulted to become the world’s most valuable automaker this year, aims to make its shares more attractive to retail investors following a stunning rally.
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Deliveries of the brand's first high-volume EV, the Polestar 2, have begun in Europe and will start in North America next month, officials said.
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The sale is expected to reduce Veoneer's negative annual cash flow by more than $80 million for 2020 and 2021, Veoneer said when first announcing the divestiture.
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Contracts between Unifor and the Detroit 3 expire on Sept. 21. Unifor President Jerry Dias has said the union will push for product commitments from the companies at each of their Canadian plants.
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Transportation Department's Office of Inspector General said it was launching a review of NHTSA's efforts to set and enforce vehicle safety standards.
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The action comes after VW asked a U.S. appeals court in July to reconsider its ruling, which determined the Clean Air Act does not preempt state and local authorities from enforcing anti-tampering laws against manufacturers' post-sale updates to emission-control systems.
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The Lucid Air, which is slated to go on sale in early 2021, has an estimated range of 517 miles as verified in independent testing, the company said.
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Dhivya Suryadevara, who orchestrated a restructuring plan for GM during her nearly two years running the automaker's finances, is taking a job for the online payments company Stripes. John Stapleton will be acting CFO during the search for a successor.
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The $4 billion Hyundai-Aptiv self-driving joint venture said the new name, Motional, is a combination of the words "motion" and "emotional."
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The Vermont senator had planned to have former UAW President Bob King introduce him for president from a union hall, Reuters reported, but the union has endorsed Joe Biden.
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