Recent News

Lyft plans to file for IPO next week, reports say

Lyft now expects to be valued at between $20 billion and $25 billion in its IPO, Reuters reported. Sources told Reuters the plans were still subject to change and market conditions. ... Read More »

Apple sheds light on safety of its AV program

The company's decision to issue an assessment anyway may signal its intentions to present a more public and consumer-friendly face for its autonomous-vehicle program. ... Read More »

GM appoints marketing veteran to lead Maven

Sigal Cordeiro replaces Julia Steyn, who unexpectedly left GM last month as vice president of Maven and GM urban mobility. ... Read More »

Audi targets 10% of management jobs as it cuts costs

"One thing is clear, our cost base is too high," CEO Bram Schot told German newspaper Handelsblatt. ... Read More »

Texas Dealer Sent to Mediation Over Ford Objections

Reagor Dykes Auto Group and Ford Motor Credit will begin mediation proceedings in Dallas Monday despite objections from Ford’s executives and attorneys, who have yet to approve a new proposal to resolve a $112 million floorplan financing dispute. ... Read More »

So long, ‘Cobo’: Detroit auto show venue to get new name

A bank has purchased the naming rights of Cobo Center in a 22-year deal that will change the brand of the city's convention center. ... Read More »

Nissan recalls 86,265 Muranos in U.S. for braking issue

The valves within the 2009 Murano's ABS hydraulic control units may react with brake fluids containing specific corrosion preventative additives. ... Read More »

Audi expanding regions where drivers can ‘ride the green wave’

Audi says it's expanding a new technology that will allow drivers to adjust their speeds to catch green lights at intersections. ... Read More »

Ford to cut products, jobs in shakeup of South America operations

Ford said it will exit the commercial heavy-duty truck business after it stops building its heavy-duty Cargo lineup at the Brazil plant. It will also end production and sales of the F-4000 and F-350 pickups and Fiesta subcompact sedan in that region. ... Read More »

Fuel economy talks break down between U.S., Calif., report says

The breakdown in fuel economy talks adds to tension between Washington and Sacramento, which has emerged as a major antagonist to the Trump administration. ... Read More »