Within five years, the industry will be almost $6 billion short of tooling capacity -- the ability to make the machines and molds automakers and their suppliers use to build auto parts -- according to a new study from Harbour Results.
The average fuel economy of new trucks, cars, SUVs and vans sold in the United States during October rose 0.2 mpg from September, to 24.8 mpg, according to a monthly report from the University of Michigan Transportation Research Institute.
Richard Cordray, director of the Consumer Financial Protection Bureau, said he wants more “openness and transparency” for the agency's oversight of auto lending, but added that the agency still has strong concerns about how dealerships arrange loans.
Tesla CEO Elon Musk said there ''definitely'' won't be a recall of the company's Model S sedan as the electric-car maker waits to see if U.S. regulators investigate crash-related fires involving the vehicle.
Tesla CEO Elon Musk said "there definitely won’t be a recall" of the company’s Model S sedan as the electric-car maker waits to see if federal regulators investigate crash-related fires involving the vehicle.
Japan's automakers will go futuristic and local at the Tokyo auto show, combining the far-out concept cars the show has been famous for alongside the Japan-only 660cc minicars -- some of which are delightfully sporty -- that represent a third of the home market.
General Motors CEO Mary Barra comments on lessons from mom; girls who shy away from math; slicing a 10-page policy down to two words; tapping millennials to erase stupid habits; taking regular trips to Silicon... » Watch the Video