Tesla vehicles have dropped in Consumer Reports‘ ratings because the automaker failed to implement a safety feature that was expected to come standard.
Sonic swung to a first-quarter loss of $541,000 from a year-earlier net profit of $14.6 million as the dealership group took a hit from refinancing its debt. Weak retail sales didn’t help.
Going global has paid off handsomely for Linamar. Enter Donald Trump. The U.S. president’s election is the latest in a string of populist, anti-globalization events. Linamar CEO Linda Hasenfratz is undaunted.
Penske Automotive’s first-quarter net income rose 3.5 percent from a year earlier, as acquisitions and strong sales at its U.K. dealerships pushed revenue to a record for the quarter.
Electric cars are coming fast — and that’s not just the opinion of carmakers anymore. Total, one of the world’s biggest oil producers, is now saying EVs may constitute almost a third of new-car sales by the end of the next decade.
Greenlight Capital, which has been pressuring General Motors to restructure its share class, said it believed the automaker’s shareholders will vote in their best financial interests and support the hedge fund’s two-class stock proposal and nominees…
Automakers urged California to further ease its proposed regulations for autonomous vehicles, saying the state did not respond to their earlier objections by making enough revisions to its planned set of rules for self-driving cars.
In the latest video to top our weekly viral video charts, Hyundai helps finish a 100-year old expedition.
New York’s attorney general has reached legal settlements with 104 dealerships it identified as having sold vehicles without disclosing open safety recalls.
Jaguar said the XF Sportbrake, a four-door wagon with a large, sloping glass roof, will join its U.S. lineup this year. It will be the first Jaguar wagon to be offered in the U.S. since the short-lived X-Type.