DETROIT / AP Tesla Motors posted its 11th straight quarterly loss, and its results badly missed Wall Street’s forecasts. But the electric car maker’s shares soared anyway on news that its lower-priced Model 3 sedan is on schedule to be released next year. Tesla said it will unveil the much-anticipated $35,000 car on March 31 and expects to start production ...

Bloomberg Boeing Co. plans to cut jobs in its commercial airplane division, the company’s largest business, as part of cost reductions intended to improve competitiveness. The planemaker will first seek to trim executive and managerial positions, Ray Conner, chief executive of the Boeing unit, told employees in a webcast. Involuntary cuts may be necessary as a last resort in addition ...

AFP The Berlin-based vegan food retailer Veganz is looking to treble sales this year and is eyeing a possible stock market listing in 2018, its founder said in a magazine interview. “People cannot get enough of our products,” Veganz chief Jan Bredack told the weekly WirtschaftsWoche. Last year, Veganz clocked up annual sales of 24 million euros ($27 million) and ...