U.S. car and light-truck deliveries are projected to be flat or down in July, forecasts from J.D. Power/LMC, Edmunds and Cox Automotive show, with one less day and weekend of sales. It would be only the third monthly year-over-year drop in 2018.
Tesla took a big step toward expanding its manufacturing footprint overseas, signing a preliminary agreement to build a plant in China, but it also gave more indications that demand for its most affordable electric vehicle has faded considerably amid its struggles to produce in high volumes.
After four years, 92 percent of the cars with faulty ignition switches that GM believes still exist outside a junkyard have been fixed globally -- 96 percent of those in the U.S. -- but other recalls spurred by the ignition switch crisis were less successful.
Keyless ignition has become more common within GM's portfolio in the last four years, but it's still not standard on many of the company's least-expensive vehicles. It's not even an option on any GM pickups, including the newly redesigned Chevy Silverado and GMC Sierra.
Ford plans to stop selling all Ford brand sedans in North America and is nearly doubling its cost-cutting target from a plan laid out only six months ago. The automaker said it will fix or eliminate unprofitable global operations.