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| UPDATED: 3/28/17 4:22 pm ET - adds closing stock price

GM urged by investor to create 2 share classes

A Wall Street hedge fund proposed a plan that would split GM's common stock into two classes to help the automaker improve financial flexibility and boost the stock's value. GM rejected the idea.

| UPDATED: 3/28/17 5:30 pm ET - adds stock close
Ford plans to invest an additional $350 million in Michigan plants

Ford will add $350 million in new investments at two Michigan assembly plants on top of previously pledged spending.

Italian police foil plot to steal Enzo Ferrari's body

Italian investigators said on Tuesday they had foiled a plot to steal the body of legendary Formula One racing pioneer Enzo Ferrari and demand a ransom.

Car shopping site CarGurus hires banks for stock offering, report says

CarGurus, a popular website where consumers go to browse cars, has tapped investment banks for an initial public offering later this year, people familiar with the matter told Reuters.

The cheap Chinese cars aren't coming

For years, American consumers have been wondering just when they would witness the arrival of ultra-low-priced Chinese cars. Turns out, maybe never.

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Nissan's next-gen Leaf on deck

The next-generation Nissan Leaf has been spotted testing, and spy photos indicate that the electric vehicle's styling will line up with the rest of the brand.

Volvo sticks with Uber partnership

Volvo is standing by its partnership with Uber, despite the ride-hailing company's string of public relations disasters, including a high-profile accident this weekend that...

After 41 years, Honda's Mendel drives off

Forty-one years can teach you a lot about the auto industry -- including when it's the right time to go out on top. On April 1, American Honda's John Mendel will do just that.

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