Automotive News

In the Federal Reserve's second-quarter report on household debt and credit, a rise in auto loan delinquencies was identified, resparking an old conversation regarding subprime auto financing by lenders like Credit Acceptance Corp. (NASDAQ: CACC) and Banco Santander SA (NYSE: SAN)...

Pressure mounted Friday on General Motors Company (NYSE: GM) and the United Automobile Workers as a strike against the company nears the end of its third week amid concerns about lost profits and worries that frustration could make the talks harder. GM's stock has dropped by double digits since...

Meritor, Inc. (NYSE: MTOR) announced Wednesday that it has entered into an agreement with an affiliate of The Carlyle Group LP (NASDAQ: CG) to acquire AxleTech for about $175 million in cash. What Happened The sale price is adjusted for changes in working capital at closing, Meritor said in a press...

Europe hasn't traditionally been a good hunting ground for U.S. automakers. For example, crosstown rivals General Motors Company (NYSE: GM) and Ford Motor Company (NYSE: F) haven't done as well across the Atlantic as they have done in the United States. GM On Back Foot In Europe Both the...

Tesla Motors Inc (NASDAQ: TSLA) was at the Automotive News World Congress in Detroit Tuesday night, and Benzinga was in attendance. Here are four things he said that -- literally -- blew our minds. 1. "I want to enable large numbers of people to go to Mars." Musk focused on Mars...

General Motors (NYSE: GM) on Tuesday announced the appointment of a new global safety executive yesterday. CEO Marry Barra has named Jeff Boyer the vice president of global vehicle safety. In this newly-created position, Boyer will be responsible for the safety development of GM vehicle systems,...

General Motors (NYSE: GM) and the National Highway and Traffic Safety Administration are under scrutiny for taking years to address an ignition switch problem that is tied to 13 deaths. Last month, the Detroit automaker recalled 1.6 million vehicles. NHTSA has launched an investigation into how...

General Motors (NYSE: GM) will close its Detroit-Hamtramck plant from September 17 until October 15, according to sources speaking to Automotive News. The plant employees 1,500 workers. The plant was previously idled in March of this year.

According to Bloomberg, auto giant General Motors (NYSE: GM) has parted ways with Global Marketing Chief Joel Ewanick, saying that he "failed to meet the expectations that the company has for its employees." In the two short years Ewanick had been with General Motors, he made the decision to stop...