Bloomberg Automakers are so eager to replace less-lucrative cars with higher-margin SUVs, they’re willing to scrap iconic nameplates along the way. Volkswagen’s newest North American model, the Taos, is perhaps the starkest example of this yet. The German automaker made room to manufacture the compact sport utility vehicle in its Mexican assembly plant by ceasing production of the Beetle, one ...

Bloomberg Volkswagen AG’s Audi is expanding its partnership with Chinese manufacturer FAW as the German premium brand seeks to build more battery-powered cars geared to customers in its largest market. Audi and FAW signed a memorandum of understanding to start a company that will produce electric cars for the Chinese market from 2024, Audi said in a statement. The new ...

Bloomberg Microsoft Corp. joined the growing ranks of tech giants allowing some of its employees to work from home permanently if they wish. The software maker has instituted a “hybrid workplace” to give employees greater flexibility once its offices in the US reopen, the company said in a blog post. Microsoft said it’s letting any of its employees work from ...