Recent News

UAW cancels strike after tentative agreement reached with supplier Sakthi

The UAW and aluminum castings supplier Sakthi Automotive Group agreed on Thursday to a tentative labor agreement after the union earlier this week threatened a strike. ... Read More »

Penske Automotive, Group 1 shares plunge after Brexit vote

Shares of Penske Automotive Group and Group 1 Automotive, two of the three largest U.S. dealership groups, fell Friday to their lowest levels since February on concerns over the U.K.'s decision to leave the European Union. ... Read More »

GM plans $290 million upgrade for Corvette plant as rumors swirl

General Motors plans to spend $290 million on its Corvette plant in Kentucky, just as rumors about GM's plans for the next generation of its iconic sports car heat up. ... Read More »

FTC Approves ProMedica Health System’s Divestiture of former Rival St. Luke’s Hospital

Following a public comment period, the Federal Trade Commission has approved ProMedica Health System’s divestiture of its former rival, St. Luke’s Hospital, under the provisions of  a Commission order. The divestiture will ensure that St. Luke’s operates...

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FCA accused of concealing defect in Jeep Grand Cherokee

Jeep Grand Cherokee owners filed suit in California against Fiat Chrysler, accusing the company of concealing and failing to fix a shifter design defect linked to driverless rollaway accidents, including the death this week of "Star Trek" actor... ... Read More »

Fiat Chrysler, GM, Toyota near deals to resume Venezuela output

Fiat Chrysler, GM and Toyota are close to agreeing to resume car production in Venezuela after the government allowed them to sell output in dollars, Bloomberg reported, citing people with knowledge of the talks. ... Read More »

Jeep Compass, Patriot replacement due early next year

The single vehicle replacing the Jeep Compass and Patriot will debut in late September in Brazil and will retain one of the two names, Jeep brand head Mike Manley said Thursday. ... Read More »

Supreme Court Rules in Favor of Dealers in Overtime Pay Dispute

WASHINGTON, D.C. — In a 6-2 decision issued this week, the Supreme Court vacated the 9th U.S. Circuit Court of Appeals' ruling that service advisors qualified for overtime pay because they were not considered “salesmen” under the Fair Labor Standard’s...

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Edmunds.com Predicts Best June Sales in 11 Years

SANTA MONICA, Calif. — Edmunds.com said today it expects the industry to post the best June sales since June 2005, when 1.67 million vehicles were registered. The vehicle information site’s forecast has the industry selling 1.53 million new vehicles...

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Automakers on board for new Detroit auto show mobility exhibit

GM, Nissan and Toyota will have a presence at the Detroit auto show's new mobility-themed exhibit in 2017. The auto show is also adding an outdoor driving experience on a 1. ... Read More »