The automotive industry this week used the Consumer Electroncs Show to strike back at the would-be disruptors of its century-old business model.
Read More »Ally Financial targeted by activist hedge fund
The hedge fund pushing for changes at Ally Financial said today it wants to work closely with the U.S. auto loan company’s management team but is disappointed with its initial response.
Read More »GM China auto sales rise 5.2% in 2015
General Motors’ sales in China rose 5.2 percent to a record 3.61 million vehicles in 2015, the U.S. carmaker said today.
Read More »AutoNation sales rise 9% in Dec. on 'significant' discounts
AutoNation said today its December sales rose 9 percent from a year earlier to 35,962 new vehicles, a rise it attributed to ‘significant retail discounts.’
Read More »VW repositioning may take 2-3 years, Mueller tells magazine
Volkswagen is facing a time-consuming overhaul as the carmaker adopts a new company structure and adjusts the strategy of its brands in the wake of an emissions scandal, CEO Matthias Mueller told German magazine Wirtschaftswoche.
Read More »Phil Murtaugh to resign as CEO of China's Qoros Automotive
Auto industry veteran CEO Phil Murtaugh will resign from Qoros Automotive for personal reasons after less than a year at the helm of the fledgling Chinese automaker, which is backed by Kenon Holdings and Chery Automobile Co.
Read More »'IPhone of cars' in self-assembly kits is French entrepreneur's Vegas bet
GM and Mercedes-Benz say the next generation of cars will be self-driving and super-connected. A French entrepreneur is betting they’ll also come in kits.
Read More »Takata airbag victim's family cites skewed data to reopen suit
The family of a Virginia woman who was killed by shrapnel from a Takata airbag is seeking to reopen a lawsuit it previously settled over her death based on allegations the company knew the device was defective.
Read More »Volkswagen EV concept peers ahead to connected future
Volkswagen is turning its attention to the future with an electric people-mover concept designed to show what connected, electric transportation could look like in 2019.
Read More »Kia concept hints at return to large SUV market
Kia Motors is eyeing a return to the large SUV market with plans to introduce a new concept vehicle at the 2016 Detroit auto show.
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