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Tesla Agrees to Pact with Ohio Dealers

Tesla reached an agreement with Ohio auto dealers in order to operate a maximum of three company-owned stores in the state, heading off a bill that would have banned direct sales.

Ford to Park Mustang atop Empire State Building

Ford plans to mark the 50th anniversary of the Mustang by parking one on the top of the Empire State Building, recreating a stunt the company used to help launch the first version of the pony car.

Fiat Chrysler Explores Options to Raise Capital

Sergio Marchionne, the chief executive of Chrysler Group and Fiat, said he doesn’t plan to sell any of the combined automaker’s assets to raise cash amid an effort to expand its global footprint.

NHTSA to Investigate Timing of GM Recall

Safety regulator NHTSA opened an investigation to determine whether General Motors acted promptly when it recalled more than 1.6 million vehicles this month.

Tesla Scores Earnings Beat, Shares Rise

Tesla Motors posted better-than-expected earnings and provided an upbeat outlook for vehicle deliveries in the new year, sending shares on a rally late Wednesday.