Bloomberg John Krafcik stepped down as chief executive officer of Alphabet Inc.’s Waymo self-driving vehicle division, making way for two tech industry veterans to jointly take over the business, the company said in a memo. Krafcik, 59, will be replaced by Tekedra Mawakana, Waymo’s chief operating officer, and Dmitri Dolgov, chief technical officer, who will serve as co-CEOs. Mawakana was …

Bloomberg Toyota Motor Corp’s first-quarter sales surged 22% from a year earlier in North America, signaling a healthy recovery from when Covid-19 shutdowns kept car buyers at home. Sales rise to 603,066 vehicles in the quarter, the Japanese automaker said. March sales jumped a gaudy 87% to almost 254,000, Toyota said in separate release, but that compares with a month …

Bloomberg Tesla Inc. delivered more cars than expected in the first quarter, a strong start to a year in which Chief Executive Officer Elon Musk will be scaling global operations and building two more factories. The maker of electric vehicles delivered 184,800 cars worldwide in the first three months of the year, up from 180,570 in the fourth quarter, the …