Volkswagen plans to relaunch sales of the Phaeton in the U.S. as the carmaker looks to reignite flagging growth. The Phaeton, the brand's most expensive model, could be shown at the Detroit auto show in January.
Ford says it will make software tweaks to improve the real-world fuel economy of its 2013-model hybrids. The changes are being offered to 77,000 owners of the 2013 Ford Fusion Hybrid and C-Max Hybrid and the Lincoln MKZ Hybrid.
European car sales fell by just over 6% in June to a two-decade monthly low as the region's weak economy hurt demand at Volkswagen, Opel, Fiat and PSA/Peugeot-Citroen. Bright spots were Ford, Dacia and Seat.
The European Commission has given provisional backing to France's decision to block the sale of new Mercedes cars because they contain a banned refrigerant. The move could open the way for similar restrictions on Mercedes models by other EU countries.
Volkswagen plans to bring back the Phaeton luxury sedan to the United States as the carmaker looks to reignite flagging growth in one of the few markets it has been unable to crack. The Phaeton, the brand's most expensive model, could be shown at the Detroit auto show in January.
A Japanese manufacturer of ignition coils that were sold to Ford Motor, Toyota Motor and Subaru parent Fuji Heavy Industries has agreed to plead guilty and pay a $19 million fine for its role in a conspiracy to fix prices of automotive components, the U.S. Department of Justice said.
Avis Budget Group acquired Payless Car Rental for about $50 million in cash, adding a company that focuses on value customers. Payless has about 120 locations in North America, Europe and South America and generates $80 million in annual revenue, according to a statement on Monday.