Recent News

Trump scores an improbable victory

Donald Trump's come-from-behind victory signals that the state of the U.S. auto industry was clearly on the mind of the American voter. ... Read More »

In Michigan, Trump sows bitterness among working class

Donald Trump was elected president because he was able to harness the bitterness among working-class voters that had propelled his campaign all along. ... Read More »

Japan’s Usui pleads guilty, to pay $7.2 million for fixing steel part prices in U.S.

Japanese auto parts maker Usui Kokusai Sangyo Kaisha will plead guilty and pay a $7.2 million fine for fixing the prices of steel tubes sold to carmakers, the Justice Department said. ... Read More »

Volvo to recall 74,000 U.S. vehicles for seat belt risk

Volvo is recalling about 74,000 U.S. vehicles for an issue that might cause a seat belt to inadequately restrain passengers in a crash. ... Read More »

Ally Remains Bullish About Future Prospects

CHARLOTTE, N.C. — Ally Financial CEO Jeffrey Brown acknowledged that the company missed analysts’ expectations, but said the nation’s largest auto finance source feels bullish about where it’s headed. He pointed to the firm’s acquisition...

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Carmakers eye modest Brazil recovery at low-key Sao Paulo auto show

The display stands packed with glimmering sheet metal were smaller than usual and all-new models were scarce. Even most forecasts for a recovery in sales were modest, in keeping with the mood as the Sao Paulo auto show opened today. ... Read More »

Black Book: Depreciation Slows for Cars and Trucks

LAWRENCEVILLE, Ga. — Both the car and truck segments experienced an overall reduction in depreciation during the week of Oct. 28, according to Black Book.Overall truck wholesale values decreased by 0.58% during that week, compared to 0.76% the week before....

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Wholesale Used-Vehicle Prices Decline in October, Manheim Reports

ATLANTA — Wholesale used-vehicle prices declined 0.7% in October, according to Manheim. Non-seasonally adjusted prices declined 2% in October, with the Manheim Used Vehicle Value Index increasing 0.6% from a year ago to 126.0.On a year-over-year basis, wholesale...

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Analysts: Projected sales lag, election fallout could worry automakers, suppliers next year

Between an unhappy electorate, indecisiveness from the Federal Reserve over interest rates and anemic economic growth, automotive analysts are stretching to remain positive as uncertainty grows over whether car sales have peaked. ... Read More »

American Axle to face new risks, board changes after Metaldyne deal

American Axle's bold move last week to acquire Metaldyne in a $3. ... Read More »