Ford’s electric vehicle business has lost $3 billion before taxes during the past two years and will lose a similar amount this year as the company invests heavily in the new technology.

General Motors net profit fell 4.5% in 2020, but a strong second half more than offset the effects of pandemic-related factory closures and a costly air bag recall. (AP Photo/Richard Drew, File)DETROIT – General Motors' profit fell 4.5% in 2020, but a strong second half more than offset the effects of pandemic-related factory closures and a costly air bag recall. GM predicted the shortage will cost it $1.5 billion to $2 billion in earnings before taxes this year due to lost production. Still, GM expects pretax income for the year of $10 billion to $11 billion, or $4.50 to $5.25 per share. Of that, $6 billion would go to electric vehicles and $1 billion would go to autonomous, Chief Financial Officer Paul Jacobson said.

A group of Nebraska football players filed a lawsuit Thursday, hoping a jury will force the Big Ten Conference to reinstate a fall football season. The players want a court order that would keep the Big Ten from going through with its plan to push the football season to the spring. This lawsuit isn't about money or damages, it's about real-life relief, said Mike Flood, the players' attorney. Sadly, these student athletes have no other recourse than filing a lawsuit against their conference, Flood said. Particularly when they may play in the spring.Flood also represents a group of Nebraska football parents that last week sought documents and other materials related to the Big Ten decision.

Tesla's market value today is three times that of Ford, General Motors and Fiat Chrysler, combined. Only one analyst has a 12-month stock price target above the current value. Tesla's stock surge has enriched Musk, boosting his net worth to an estimated $73.5 billion. Teslas market value during the past six months has averaged $149 billion, according to data compiled Monday by FactSet Research. Musk qualified for his first batch of 1.69 billion stock options in early May after Teslas market value averaged $100 billion for a six-month period.