Car shopping site CarGurus hires banks for stock offering, report says

CarGurus, a popular website where consumers go to browse cars, has tapped investment banks for an initial public offering later this year, people familiar with the matter told Reuters.

| UPDATED: 3/28/17 4:22 pm ET - adds closing stock price
GM urged by investor to create 2 share classes

A Wall Street hedge fund proposed a plan that would split GM's common stock into two classes to help the automaker improve financial flexibility and

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Nissan's next-gen Leaf on deck

The next-generation Nissan Leaf has been spotted testing, and spy photos indicate that the electric vehicle's styling will line up with the rest of the brand.

Subaru's Tribeca successor spied

Subaru's second crack at a large three-row crossover will get its official debut next month as a concept at the New York International Auto Show. But new spy photos give the clearest look yet to the vehicle that will replace the discontinued and unloved Tribeca.

VW to launch T-Roc in U.S. in '19

Volkswagen will launch the T-Roc compact crossover in the United States in 2019 after dealers gave a firm commitment they can sell enough of the vehicle to make it profitable.

Search for synergies delays Mitsubishi products

Mitsubishi is delaying the next-generation redesigns of the Outlander crossover and Outlander Sport compact crossover, key pillars of its lineup, as engineers seek ways to share components with Nissan under a new alliance.

| UPDATED: 3/17/17 3:03 pm ET - adds details, photo gallery
Buick Regal wagon spotted testing in U.S., Germany

A test mule of the Buick Regal TourX -- a name trademarked by General Motors in 2015 -- has been spotted in Michigan and Germany, and it looks nearly identical to the Opel Insignia Sports Tourer wagon that debuted at the Geneva auto show this month.

Porsche drops more details on EV

Porsche's first electric vehicle appears to be more than just a one-off creation. Porsche chairman Oliver Blume, in an interview with Autocar, says there are plans to offer model variants of the EV, believed to slot below the Panamera, with different levels of power and over-the-air update capability.

Bentley tests EV waters with concept

Bentley debuted a sultry convertible concept, the EXP 12 Speed 6e, which represented both the brand's first all-electric concept powertrain and a styling shift for the brand.

VW's brawny successor to the CC

Volkswagen's new Arteon Gran Turismo premium sedan will be a more muscular-looking successor to the CC when in arrives in the U.S. next year as a 2019 model.

Station wagons back on stage to cure SUV fatigue

At the Geneva auto show, the world's blue-blooded European carmakers showed off their newest creations in a parade of carbon-fiber reptiles that command six-figure sums. But across the show floor, an even stranger beast appeared -- one many thought to be extinct: the station wagon.

Toyota C-HR crossover priced from $23,460

Toyota's new C-HR crossover will mostly use the “mono-spec” pricing and equipment formula that the defunct Scion brand employed to get young drivers into well-equipped vehicles at relatively low prices.