Recent News

Mitsubishi Motors’ Q1 operating profit tumbles 75% after mileage-cheating scandal

Mitsubishi Motors reported a 75 percent plunge in fiscal first-quarter operating profit as domestic sales slumped after it admitted to overstating the fuel economy of some of its vehicles. ... Read More »

¡El mantelito del CFPB con información sobre educación financiera está ahora disponible en español!

Ahora se sirven comidas calientes con la educación del consumidor en mente para proteger a las personas mayores y evitar que sean víctimas de explotación financiera ... Read More »

Tesla Model 3 could generate $20 billion in annual revenue, Musk says

Tesla CEO Elon Musk said the company's Model 3 could generate $20 billion in revenue per year and an annual gross profit of about $5 billion. ... Read More »

Federal grand jury probes FCA’s U.S. sales

Some of Fiat Chrysler's U.S. dealers have begun receiving subpoenas to provide documents and or testimony to a federal grand jury in Detroit as part of a probe into the company's sales reporting practices. ... Read More »

So sorry about your analysis

FCA US' move to revise the methodology it has used to report U.S. sales for 30 years and restating monthly results since January 2011 is unsettling. ... Read More »

GM Financial Maintains ‘Credit and Pricing Discipline’ in Q2

FORT WORTH, Texas —General Motors (GM) Financial reported continued progress in its transition from subprime finance source to captive lender, with the composition of its earnings assets at the end of the second quarter revealing its continued shift toward...

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Auto Originations Total $8.3 Billion for Wells Fargo

SAN FRANCISCO — Wells Fargo reported second quarter auto originations of $8.3 billion, a 7% gain from the first quarter of the year and a 2% gain from the year-ago period.“ … We are happy with our auto growth; we’ve maintained our pricing...

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Ally nearly doubles net income to $360 million in Q2

Ally Financial's second-quarter net income nearly doubled to $360 million, and net financing revenue grew 7.4 percent, as the lender increasingly focused on profitability over quantity of loans and leases. ... Read More »

Fairlane Ford dealership porter killed in parking lot incident

A porter at Fairlane Ford in suburban Detroit died after he was pinned in between two trucks Tuesday morning. the Dearborn Police Department said other dealership employees found the man around 7 a.m. ... Read More »

U.S. report says Tesla driver speeding in fatal Autopilot crash

A driver killed in the May 7 crash of a Tesla Motors car while using Autopilot driving-assist software was speeding, U.S. highway safety investigators said on Tuesday in a preliminary report that did not state a probable cause. ... Read More »