Federal grand jury probes FCA's U.S. salesTue, 26, Jul 2016
Some of Fiat Chrysler's U.S. dealers have begun receiving subpoenas to provide documents and or testimony to a federal grand jury in Detroit as part of a probe into the company's sales reporting practices.
Tesla Model 3 could generate $20 billion in annual revenue, Musk saysTue, 26, Jul 2016
Tesla CEO Elon Musk said the company's Model 3 could generate $20 billion in revenue per year and an annual gross profit of about $5 billion.
FCA earmarks $1.5 billion to build Ram 1500 pickups at Chrysler 200 plantTue, 26, Jul 2016
Fiat Chrysler will invest $1.48 billion to convert its Sterling Heights Assembly plant in suburban Detroit from unibody to body-on-frame construction to build the next-generation Ram 1500 pickup. The automaker today confirmed that the plant will end production of the slow-selling Chrysler 200 sedan in December to begin the conversion.
FCA restates U.S. sales, says winning streak ended 3 years agoTue, 26, Jul 2016
Fiat Chrysler is changing the way it reports monthly U.S. sales to make the process more transparent, and as a result of the change, said its 75-month sales streak actually ended at 41 months, in September 2013.
Clinton, if elected, plans to renegotiate NAFTA, UAW chief saysTue, 26, Jul 2016
UAW President Dennis Williams said Democratic presidential candidate Hillary Clinton has assured him she would renegotiate the North American Free Trade Agreement if she is elected president. The UAW wants an updated treaty to help foster stronger unions in Mexico, where many automakers operate factories.
U.S. report says Tesla driver speeding in fatal Autopilot crashTue, 26, Jul 2016
A driver killed in the May 7 crash of a Tesla Motors car while using Autopilot driving-assist software was speeding, U.S. highway safety investigators said on Tuesday in a preliminary report that did not state a probable cause.
Porsche to skip 2017 Detroit auto showTue, 26, Jul 2016
Porsche will skip the Detroit auto show next year as part of plans to focus on trade shows in New York and its most important U.S. market for sports cars, Los Angeles.
Fairlane Ford dealership porter killed in parking lot incidentTue, 26, Jul 2016
A porter at Fairlane Ford in suburban Detroit died after he was pinned in between two trucks Tuesday morning. The Dearborn Police Department said other dealership employees found the man around 7 a.m. partially out of his door and pinned in between the truck he was moving and one he crashed into.
Mobileye says Tesla contract won't be extended; tech supplier posts 76% gain in Q2 profitsTue, 26, Jul 2016
Mobileye NV, an Israeli maker of driving-assistance chips and software, posted a surge in second-quarter earnings and revenue, but said its contract with Tesla would not be renewed after it expires.
Store expects its used-car leasing to growMon, 25, Jul 2016
Dealer Wes Lutz took used-vehicle leasing into his own hands. He offers his customers leases on late-model used cars and trucks that, in some cases, can cut payments in half compared with purchasing a new vehicle of the same make and model.
Sonic Automotive's Q2 net income surges 54%Tue, 26, Jul 2016
Sonic Automotive's adjusted net income surged 54 percent in the second quarter to $22.8 million, largely on cost controls, as revenue and new-vehicle unit sales fell.
Cars.com will buy DealerRater to create review giantTue, 26, Jul 2016
Third-party shopping site Cars.com will buy DealerRater -- a platform where consumers can write reviews about salespeople, dealerships and service shops -- creating what Cars.com says will be the largest dealer-review forum in the industry.