Hertz to Restate 2011 Financial Results, Warns of 1Q Miss
Hertz will restate financial results from 2011, as the car rental company deals with growing accounting issues.
Navistar Posts Smaller 2Q Loss as Truck Sales Rebound
Truck and engine maker Navistar International Corp reported a smaller quarterly loss as its warranty expenses fell and its truck sales improved.
Tesla Widens 'Gigafactory' Search, Eyes New Models
Tesla is widening its search for the location of a new battery factory to three sites. CEO Elon Musk also said he plans to remain CEO until at least 2018.
Truck, SUV Demand Fuels Big Gain in May Auto Sales
The auto industry broadly topped expectations for the month of May, as demand for pickup trucks and sport-utility vehicles fueled sales in the U.S.
Big Money Coming to Driverless Cars
Google’s driverless car may look more like a cartoon character than a revolutionary product, but don’t be fooled -- investment in these robotic cars is set to soar.
GM Engineer Questioned on Capitol Hill
A General Motors engineer who is at the center of questions concerning the automaker’s ignition-switch recall recently met with congressional investigators.
Canada Investigating Two Crashes Tied to GM Recall
Canada is investigating two fatal crashes that involved GM vehicles included in the automaker’s ignition-switch recall.
Part Demand Boosts AutoZone's 3Q Profit
AutoZone reported a 7.4% increase in its third-quarter earnings, as demand for new parts lifted sales.
GM Recalls Another 2.4M Cars, Doubles 2Q Charge
GM announced a new U.S. recall of 2.42 million vehicles, saying it expects to now take up to a $400 million charge in the second quarter.
Johnson Controls to Spin Off Auto Interiors Unit
Johnson Controls plans to spin off its auto-interiors business into a joint venture with a Chinese partner, as the diversified manufacturer shifts its focus to other units.
GM to Pay $35M Fine for Delays in Ignition-Switch Recall
General Motors agreed to pay a maximum $35 million fine to the top U.S. auto safety regulator, after the company failed to promptly disclose a defect with ignition switches used in 2.6 million vehicles worldwide.
GM Recalls 2.7M Vehicles, Expects $200M Charge in 2Q
GM announced five new recalls, following up on its promise to hasten safety reviews, and expects to book a $200 million charge in the current quarter to cover costs tied to repairs.
GM: Recalled Cars for Are Safe to Drive
A day after the DOT declined to issue a “park it now” request, General Motors reassured owners whose cars were recalled for defective ignition switches that their vehicles are safe to drive.
Tesla Swings to 1Q Loss as Costs Rise
Tesla swung to a loss in the first quarter, but the electric car maker still managed to beat expectations amid higher sales. Shares fell 5.9% to $189.47 in after-hours trading.
DOT Rejects Park-It Warning for GM's Recalled Cars
The Department of Transportation declined a request from two Senate Democrats to issue a “park it now” request for General Motors vehicles with defective ignition switches.
Fiat Chrysler Banks on Jeep, Alfa Romeo to Fuel Sales
Fiat Chrysler Automobiles is banking on Chrysler, Jeep and a revival of its Alfa Romeo and Maserati brands to lift sales and bolster the automaker’s global footprint.
GM Engineer with Ties to Faulty Ignitions Resigns: Report
A top GM engineer charged with probing faulty ignitions at the heart of the automaker’s recent recall crisis has reportedly retired after 36 years with the company.
Nokia Invests $100M in Connected Cars
Nokia launched a $100 million fund to invest in connected cars, as the mobile equipment maker seeks to capitalize on a growing market.
GM Plans to Compensate All Ignition-Switch Victims
General Motors plans to compensate all victims who suffered injuries connected to defective ignition switches, regardless of whether the accident occurred before the automaker's 2009 bankruptcy.
Auto Sales Warm Up in April on Truck, SUV Demand
Auto sales picked up the pace in April, as drivers returned to showrooms looking for new trucks and sport-utility vehicles after a rough winter.


















