Ford CEO sees ‘pressure’ on business without softer mpg rulesFri, 02, Dec 2016
Ford plans to lobby President-elect Donald Trump to soften U.S. and state fuel-economy rules that hurt profits by forcing automakers to build more electric cars and hybrids than are warranted by customer demand.
Texas auto auction company acquired by Capital Partners for XLerate GroupFri, 02, Dec 2016
Huron Capital Partners, a Detroit investment group, has acquired a Texas-based auto auction for one of its portfolio companies, the Indianapolis-based XLerate Group, which runs online and onsite auto auctions.
Mexico sales surge 23%, break Nov. recordFri, 02, Dec 2016
U.S. sales rebound, climb 3.6%; SAAR remains strong at 17.83 millionThu, 01, Dec 2016
After three straight monthly dips, U.S. light-vehicle sales in November rose 3.6 percent from a year earlier, helped by more generous deals and strong truck demand. Ford, Honda, Nissan, Toyota and GM posted gains. Industrywide volume hit a November record and the SAAR remained strong but dropped to 17.83 million from this year's highest rate -- October's 17.98 million.