Saar

UAW cancels strike after tentative agreement reached with supplier Sakthi

The UAW and aluminum castings supplier Sakthi Automotive Group agreed on Thursday to a tentative labor agreement after the union earlier this week threatened a strike.

Penske Automotive, Group 1 shares plunge after Brexit vote

UPDATED: 6/24/16 4:18 pm ET - adds stock closes

Shares of Penske Automotive Group and Group 1 Automotive, two of the three largest U.S. dealership groups, fell Friday to their lowest levels since February on concerns over the U.K.'s decision to leave the European Union.

May sales drop 6.1% on weak car sales; SAAR stays strong
UPDATED: 6/1/16 4:53 pm ET - adds final figures

The U.S. auto industry recorded its biggest monthly sales drop in nearly six years in May as most automakers posted declines amid plunging demand for

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