Tesla CEO Elon Musk, in a letter posted on the company's Web site, defended the safety of the company's flagship Model S sedan after a fire involving one of the cars raised questions about its lithium ion battery pack.
The 2014 Corvette will be in short supply, with few unsold units on dealer lots until spring at the earliest. GM officials said production of the two-seat sports car will be capped at about 160 units per day on one shift.
What's wrong with Buick Regal sales? That's the question asked often of Buick executives over the past 18 months. Why 18 months? Because that's around the time the smaller, less expensive Verano compact sedan entered Buick's lineup.
Volkswagen Group of America’s settlement of a class-action lawsuit over alleged defects in the continuously variable transmissions in thousands of Audi vehicles has received final approval in federal court in Los Angeles.
Car companies warn car buyers that their fuel economy will vary in the real world. The numbers vary in the laboratory, too, says the top auto regulator at the EPA -- and he's warning automakers to mind the gap.
The North American unit of Russian steelmaker OAO Severstal, which owns the steel plant at Ford's famed Rouge manufacturing complex, has replaced nearly all of its senior management this year in an attempt to create "profitable, sustainable growth," the unit's new CEO says.
Nissan North America Chairman Jose Munoz has a tough goal to meet: Raise the combined U.S. market share of the Nissan and Infiniti brands from 8.4 percent last year to 10 percent by March of 2017. » Watch the Video