• BMW posts $790 million loss as coronavirus pummels auto sales

    BMW posts $790 million loss as coronavirus pummels auto sales

    BMW on Wednesday reported a quarterly loss of $790 million, fueled by a staggering 25-percent sales drop as the coronavirus pandemic continues to pummel the auto industry. The German auto giant — which also owns Mini and Rolls-Royce — said sales have started to recover during the latest quarter, including a 17-percent jump in deliveries …
  • Rolls-Royce axing 9,000 workers, mostly from civil aerospace

    Rolls-Royce axing 9,000 workers, mostly from civil aerospace

    Rolls-Royce plans to cut at least 9,000 jobs, or more than a sixth of its workforce, in the latest blows to the UK economy and aviation industry dealt by the coronavirus pandemic. The company, which makes engines for planes such as the Boeing 787 and Airbus 350, said on Wednesday it could also close factories …
  • Auto theft charge dropped against late Brooklyn rapper Pop Smoke

    Auto theft charge dropped against late Brooklyn rapper Pop Smoke

    An auto theft charge was dropped Monday against late Brooklyn-born rapper Pop Smoke, who was gunned down inside a Los Angeles mansion in February, the feds announced in a court filing. Pop Smoke, whose real name is Bashar Jackson, was charged last January with stealing a $375,000 black Rolls Royce that he used in a …