Ford seen as ‘canary’ with record leases spurring used-car glut

A glut of used vehicles has started to depress prices. That trend will intensify as Americans will return 3.36 million leased cars and trucks this year, another jump after a 33 percent surge in 2016, according to J.D. Power. The fallout has already begun, with Ford shaving $300 million from its financial-services arm’s profit forecast for this year.

 

BMW departure adds to upheaval

Karim Habib's departure as head of BMW brand design creates more upheaval in the group's design organization following two key departures last year.

BMW design boss Habib is quitting automaker

BMW's design boss, Karim Habib, is leaving the automaker, a company source said. Habib's departure follows the exit of two other key designers,

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