Fiat Brand

A split heard round the industry

The United Kingdom's stunning decision to abandon the European Union could slash automakers' profits by billions of dollars and cut new-vehicle sales by nearly a million units over the next three years, analysts warned.

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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