Toyota must pay $3 million in a lawsuit claiming a defect in a Camry caused the vehicle to unintentionally accelerate, leading to an accident that left one woman dead and another injured, an Oklahoma jury said.
AutoNation Chairman Mike Jackson blasted the Consumer Financial Protection Bureau today for being “bound and determined” to find discrimination in auto lending whether or not it exists, at least in his company's case.
Photos of the all-new BMW 2-series coupe began leaking on automotive Web sites today. The new car will be shown first at the Detroit auto show in January and will arrive in United States dealerships next spring as the 228i and M235i.
Group 1 Automotive said today that third-quarter net profit rose 5 percent from the year-earlier period on an 18 percent rise in revenues. It said profits were held back by higher expenses and thinner margins on lagging vehicle sales.
AutoNation today said its net income increased 13 percent in the third quarter on a 14 percent rise in revenue. Sales of new and used vehicles were up by double-digit percentages, and revenues rose for all operations.
The governors of California and seven other states said today that they intend to get 3.3 million zero-emission vehicles onto their roads by 2025, showing a determination to keep their electric vehicle mandates despite automakers' complaints.
Three times during the third quarter earnings conference call with journalists and analysts today, Ford Motor CEO Alan Mulally was asked to comment on persistent reports that he is considering leaving Ford to become CEO at Microsoft. "We don't comment on speculation," he said.
Auto sales are on pace to increase at least 12 percent this month from a year ago, according to four analyst forecasts released today, as the industry regains momentum lost during a weak September and a 16-day government shutdown.
Union leaders at a Goodyear tire plant in northern France have agreed to talks with a Texan executive who caused an uproar earlier this year by saying the factory was "not worth saving" and calling the plant's workers lazy.