Transportation

CarMax Shares Jump on 2Q Beat

CarMax, the nation's largest seller of used vehicles, reported a 2Q profit that leapt 26% amid stronger sales.

Marchionne: Chrysler to Kick Off IPO Plans This Week

CEO Sergio Marchionne said the No. 3 U.S. car maker will likely file documents for its initial public offering this week as Italian parent Fiat and a union healthcare trust look to resolve a dispute over the automaker’s value.

Chrysler CEO Says IPO Possible in Early 2014

Sergio Marchionne, the CEO of Chrysler Group and Fiat, said an IPO for the U.S. car maker could happen in the first quarter of 2014, while the Italian parent continues to pursue full ownership.

Chrysler CEO Says IPO Possible in Early 2014

Sergio Marchionne, the CEO of Chrysler Group and Fiat, said an IPO for the U.S. car maker could happen in the first quarter of 2014, while the Italian parent continues to pursue full ownership.

Ford Recalling 370K Cars

Ford is recalling 2005 to 2011 Crown Victoria, Mercury Grand Marquis and Lincoln Town Car models to prevent possible steering-shaft corrosion. 

Feds Investigating Jeep Fires

U.S. safety regulators are looking into reports of ceiling fires in some of Chrysler’s 2012 Jeep Grand Cherokees.

Ford to Offer Rebate After C-Max MPG Downgrade

The No. 2 U.S. automaker is trimming the fuel-economy rating for its C-Max hybrid, a move that comes amid broader scrutiny of estimates provided for hybrid and electric vehicles.