Fiat Chrysler says French politics ended Renault merger
Fiat Chrysler abruptly withdrew an offer to merge with French automaker Renault late Wednesday, a shocking reversal of a deal that could have reshaped the global auto industry.
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General Motors plans $24M in upgrades at Indiana plant
The Detroit-based automaker said Thursday the new round of upgrades being completed this summer will allow the plant to increase production of the Chevrolet Silverado 1500 and GMC Sierra 1500 pickups.
Fiat Chrysler seeks $40B merger with Renault to create auto giant
The merger would reshape the global industry: The new company would produce some 8.7 million vehicles a year, leapfrogging General Motors and trailing only Volkswagen and Toyota.
Cummins possible suitor for VW peripheral unit valued at $3.4B
Volkswagen AG is renewing efforts to sell minority stakes in non-core operations to streamline its business and focus on the main passenger-car brands, according to people familiar with the matter.
Ford faces U.S. criminal investigation of emissions testing
Ford confessed in February to having taken a flawed approach to using road-load specifications to simulate how aerodynamic drag and tire friction can affect the fuel economy of its vehicles outside testing labs.
Tesla suffers surprisingly large quarterly loss as sales slump 31%
The loss was more than double what analysts had predicted as Tesla lost $702.1 million in the quarter.
Ford to invest $500M in electric vehicle startup Rivian
Ford is sinking a half-billion dollars into electric vehicle startup Rivian in a deal that has the companies working together on a new Ford electric vehicle based on Rivian underpinnings.
U.S. expands probe into air bag failures to 12.3M vehicles
Vehicles made by Toyota, Honda, Kia, Hyundai, Mitsubishi and Fiat Chrysler from the 2010 through 2019 model years are included in the probe, which was revealed Tuesday in documents posted by the National Highway Traffic Safety Administration.
Safety technology driving up repair costs on newer cars
While the latest technology on cars helps prevent accidents, there is a potential side effect: much higher repair costs, even in seemingly minor accidents.
Toyota investing $750M at 5 U.S. plants, creating 600 jobs
It marks yet another expansion of the Japanese automaker's U.S. presence, bringing to nearly $13 billion the amount it will spend by 2021.
Tesla to close stores to reduce costs for $35,000 Model 3
Tesla plans to sell its electric cars only online as it accelerates its cost-cutting efforts. The company will close many of its 378 stores, but leave some open as galleries or "information centers" in high-traffic areas.
Automakers recall 1.7M cars with potentially fatal airbags
Cars from Subaru, Tesla, BMW, Volkswagen, Daimler Vans, Mercedes and Ferrari are included in the latest round of recalls involving airbag inflators that can hurl shrapnel into drivers and passengers.
U.S. new-vehicle sales unexpectedly show 2018 increase
Sales of new vehicles in the United States rose slightly in 2018, defying predictions and highlighting a strong economy.
Union sues GM, says laid-off workers should replace Indiana temps
The United Auto Workers union is accusing General Motors of violating a national contract by using temporary workers in Indiana instead of employing full-timers who were laid off from its factories.
Angry over cutbacks, Trump threatens to end subsidies to GM
President Donald Trump threatened Tuesday to cut off all federal subsidies to General Motors because of its planned massive cutbacks in the United States.
General Motors to slash 14,700 jobs in North America, close plants
The nation’s largest automobile manufacturer said it could close up to five plants and eliminate several car models.
Black Friday breathing life back into no-interest auto loans
The share of U.S. vehicle sales financed with zero-percent loans has been shrinking, but several automakers are rolling out no-interest loans for Black Friday.
Subaru recalls nearly 400K vehicles to fix stalling problems
The first recall covers about 229,000 Outback and Legacy vehicles that could have software problems.
GM recalls more than 1M pickups, SUVs for power steering problem
GM said the power steering can fail momentarily during a voltage drop and suddenly return, mainly during low-speed turns. Such a failure increases the risk of a crash.
After 10 years, Greensburg’s Honda plant has had broad but sometimes subtle impact
The plant employs 2,500 people—plus another 500 in a pool of temporary production workers whose numbers fluctuate depending on the company’s needs—and pays millions in taxes annually to state and local government.