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CarMax's certification check list fails Calif. law, court rules

A federal appeals court in California ruled that CarMax's component inspection checklist violates a California statue that requires dealers to provide consumers a “completed inspection report” prior to the sale of any certified used vehicle.

Faraday falls behind on plant construction bills

A construction firm working on Faraday Future's $1 billion Nevada factory has warned the electric-car startup that it could face a work stoppage over millions of dollars in unpaid bills, raising questions about Faraday's financial condition.

Baby boomers swap Corvettes for comfort as U.S. sports-car sales fall

Baby boomers are starting to outgrow their midlife crisis years, and that's bad news for automakers who want to sell sports cars. It was a sign of things to come this month when Ford idled its Mustang plant for a week as sales for the year fell 9 percent.

Audi to buy back 25,000 Q7 diesel SUVs in U.S., report says

Audi plans to buy back 25,000 Q7 diesel engine SUVs in the U.S. to compensate owners whose cars do not meet exhaust emission standards, German weekly Der Spiegel reported today.

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