News

LeEco's billionaire founder pleads for time as creditors circle

06 July 2017, 08:00
LeEco Chairman Jia Yueting asked for more time to repay debt and realize his ambitions of disrupting the automobile industry, days after a Chinese court froze billions of dollars in assets controlled by him and associated companies.

Lincoln, Mercedes, Toyota large cars receive top IIHS safety ratings

06 July 2017, 08:00
The Lincoln Continental, Mercedes-Benz E class and Toyota Avalon earned top honors among six large cars tested for crashworthiness by the Insurance Institute for Highway Safety. The Tesla Model S fell short in some tests.

VW names veteran Europe exec to steer North America sales, marketing

06 July 2017, 08:00
Volkswagen Group of America named a longtime executive from its parent company's European operations as the new head of sales and marketing for the VW brand in North America.

GM Korea head resigns

05 July 2017, 08:00
After a year and a half at the helm, the CEO of GM's massive South Korean business is resigning to lead the nation's American Chamber of Commerce.

Mercedes holds on to U.S. luxury lead as BMW CEO vows a comeback

04 July 2017, 08:00
Mercedes-Benz held off BMW again last month to preserve its substantial midyear lead in U.S. luxury auto sales. BMW's CEO isn't ready to accept being relegated to the second position.

The tide is finally turning

04 July 2017, 08:00
It's not just that June sales fell. The rate of decline was relatively modest at 2.9 percent. But once again reality was on the low side of what was anticipated. We're at the halfway point of the year.

Nissan sales climb thanks to Rogue, Titan, Armada

04 July 2017, 08:00
Nissan sold fewer cars and more light trucks in June, while Infiniti sold fewer trucks and more cars.

Honda, Hitachi formalize JV for EV motors

04 July 2017, 08:00
Hitachi and Honda signed a formal agreement to form a 5 billion yen ($44 million) joint venture to develop engines for electric vehicles.

Automakers increase incentives, as sales stall

04 July 2017, 08:00
Automakers are steadily increasing incentive spending as U.S. light-vehicle sales continue to slow heading into the second half of 2017.

Toyota, Nissan, Honda sales edge up behind strong truck volume

03 July 2017, 08:00
Toyota, Nissan, and Honda posted higher June U.S. sales on strong truck and crossover demand while GM and Ford deliveries slipped on lower car and fleet shipments.
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