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At IPO road show, Lyft executives look to lower insurance costs

Reducing insurance costs is "the number one initiative," said CFO Brian Roberts at a luncheon at a Boston hotel for investors considering whether to buy into the closely watched IPO.

VW management, works council divided over restructuring, report says

A German magazine said VW scheduled an extraordinary board meeting to mediate between management and the head of its works council, Bernd Osterloh.

IAV Automotive hires new president

Mike Kenhard, 46, oversees North American product and services growth, IAV said. The supplier aims to continue its powertrain development and software work while embedding itself in the automotive mobility space.

Ford to build some EVs in Michigan, next Transit Connect in Mexico

Ford has changed its North American production plans for autonomous and electric vehicles, again. The automaker said its Flat Rock plant near Detroit eventually will become a second location for production of battery-electric vehicles, in addition to a plant in Mexico.

Mitsubishi COO was set for new alliance post, then Ghosn happened

Trevor Mann was preparing to take a newly created chief officer-level position, part of Carlos Ghosn's plan for knitting the Renault-Nissan-Mitsubishi alliance more closely together. That all changed Nov. 19 after Ghosn's stunning arrest in Japan.