Penske acquires used-only dealership group
Penske Automotive Group is adding used-only vehicle dealerships. The nation’s second-largest auto retailer has signed a deal to acquire CarSense, a stand-alone retailer of used vehicles with stores in Philadelphia, Pittsburgh and southern New Jersey.
Volvo picks McDonald's exec as first chief digital officer
Volvo has named Atif Rafiq its first chief digital officer, luring the longtime Silicon Valley executive from McDonald's, where he built the fast food giant's digital unit from scratch. Rafiq, who starts Jan. 2, will succeed Klas Bendrik.
Trump plans to nominate Wilbur Ross to head U.S. Commerce Department
President-elect Donald Trump said today he plans to nominate billionaire investor and auto supplier executive Wilbur Ross as Commerce secretary and Todd Ricketts, co-owner of the Chicago Cubs baseball team, as deputy Commerce secretary.
Safety groups challenge NHTSA on automatic-braking pact
Auto safety and consumer advocacy groups have sued the National Highway Traffic Safety Administration in a bid to force the agency to decide whether to require automatic braking systems on all new light vehicles.
Akio Toyoda will head Toyota's EV division
Toyota appointed its president, Akio Toyoda, to lead the automaker's newly formed electric car division, flagging its commitment to develop a technology that the automaker has been slow to embrace.
Former FCA general counsel Loeb joins Chicago law firm
UPDATED: 11/29/16 7:04 pm ET - corrected
Fiat Chrysler's former senior vice president and general counsel, Marjorie Loeb, has been named a partner in the corporate and securities practice of Mayer Brown in Chicago, the law firm announced today.
Ford's $1 billion profit so far in Europe surpassed annual goal
UPDATED: 11/30/16 7:29 am ET - corrected
Ford has already surpassed a $1 billion profit in Europe through the first three quarters of 2016, well over the company's annual goal and nearly four times as much as it earned there in all of 2015.
Trump to nominate Elaine Chao for transportation post
UPDATED: 11/29/16 7:33 pm ET - adds details on Ross
President-elect Donald Trump intends to nominate former U.S. Labor Secretary Elaine Chao to be Secretary of Transportation, his transition team said.
Fiat heir Lapo Elkann arrested in New York over false reporting of incident
Lapo Elkann, grandson of the late Fiat patriarch Gianni Agnelli, was arrested and charged in New York with falsely reporting an incident. Media reported that he was suspected of faking his own kidnapping.
Jay Leno launches line of vehicle-care products
Jay Leno's career as a car guy is expanding beyond his well-known vehicle collection and national TV show. Jay Leno's Garage -- Advanced Vehicle Care launched Friday, Nov. 25, with a seven-piece vehicle care kit.
NADA's Welch in congress lineup
Peter Welch, president of the National Automobile Dealers Association, will speak at the Automotive News World Congress on Tuesday, Jan. 10.