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Mobileye Shares Sink on Tesla Breakup

Shares of Mobileye NV, an Israeli maker of driving-assistance chips and software, plummeted on Tuesday after the company said its contract with Tesla Motors Inc would not be renewed after its expiry.

GM's Profit More Than Doubles

General Motors, bolstered by strong truck and SUV demand in its core market, posted a 157% increase in net profit in the second quarter compared with the same period a year ago.

Auto Insurance Rates Rising

Due to an improving economy, job growth and record low gas prices, Americans are driving more. This means more accidents and consequently, higher insurance rates.

Tesla Has No Plans to Disable Autopilot Feature in Its Cars

Tesla Motors Inc. Chief Executive Elon Musk has no plans to disable the company's Autopilot function in the wake of a May crash of a Model S electric car using the technology, and the auto maker instead plans to redouble efforts to educate customers on how the feature works.