Bloomberg The surge in Tesla Inc.’s shares so far this month moved Elon Musk’s company even closer to displacing Toyota Motor Corp. as the world’s most valuable carmaker. With a market capitalisation of more than $190 billion, Tesla still has some distance to close to reach Toyota’s $210 billion valuation, which includes treasury shares, according to data compiled by Bloomberg. ...

Bloomberg Ford Motor Co. is recalling about 2.5 million vehicles, including its best-selling F-150 pickup, in North America to fix faulty door latches and a potentially dangerous brake issue. The first problem affects 2.15 million cars, SUVs and vans, according to a statement. Latches that were susceptible to cracking and breaking in high temperatures may not have been replaced or ...

Bloomberg Centrica Plc is set to cut 5,000 jobs before the end of the year in order to meet its cost cutting targets as the uncertainty of the coronavirus pandemic accelerated losses. The job cuts, which amount to around 19% of the utility’s workforce, include 2,500 roles in senior management. Half of the 40-person leadership team is to leave by ...