GM President Dan Ammann says the automaker’s troubled South Korean operations can be a “sustainable, profitable business,” if unions and the South Korean government agree quickly on a restructuring.
Tesla hysteria knows no bounds, especially when it comes to the Model 3 sedan. There’s no shortage of stalkers hunting for one of the most elusive numbers in the auto industry — Model 3 production.
New York financier and Dura CEO Lynn Tilton has put her Zohar investment funds, a key element of her distressed debt empire and the subject of several legal battles, into Chapter 11 bankruptcy.
WM Motor, a Chinese company with plans to sell an electric SUV this year, is open to holding an initial public stock offering in the United States as its founder shrugs off a potential trade war.
The special edition Ford Mustang GT California Special goes on sale this summer and includes unique badging and interior design.
Tesla temporarily suspended production of the Model 3 electric sedan at its lone auto plant for a week in late February, a planned breather that ultimately may help increase output of the closely watched vehicle.
Inventories of unsold new cars and light trucks were steady at the start of March vs. last year, while the balance between cars and trucks improved.
The finance and insurance office and the service department are the two most profitable areas of an auto dealership, but they often work in silos, leaving revenue and customer goodwill on the table.
Forty years ago, Volkswagen Group of America’s Hinrich Woebcken spent a year as a high school exchange student in New York. Now he’s drawing on that past in the latest effort to fashion the company as American — at least in spirit.
Last summer, after Automotive News reported that Fiat Chrysler Automobiles had a Chinese suitor, FCA said it had had no contact with Zhejiang Geely Holding Group Co.