Recent News

Tesla’s cash burn raises concerns on Wall Street

Elon Musk is burning through cash and may need to raise more soon to produce the mass-market electric sedan Tesla is banking on to reach the mainstream consumer. ... Read More »

GM worker released from hospital after stabbing at Wentzville plant

A worker at General Motors' Wentzville assembly plant in Missouri has been released from the hospital after being stabbed five times Wednesday night at the plant, according to officials. ... Read More »

Sonic Reports Recordbreaking Fourth Quarter

CHARLOTTE, N.C. — Sonic Automotive Inc. reported a series of highwater marks for pre-owned sales, F&I gross profit and fixed ops gross profit in the fourth quarter of 2016. In a Feb. 21 press release and investor call, executives with the nation’s...

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FTC Approves Final Order Preserving Competition in U.S. Markets for Medical Devices Used in Cardiac and Vascular Catheterization

Following a public comment period, the Federal Trade Commission has approved a final order settling charges that Abbott Laboratories’ $25 billion acquisition of St. Jude Medical, Inc. would likely be anticompetitive. First announced in December 2016, the FTC’s...

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Final Defendant in Alleged Mortgage Relief Scam Settles FTC Charges

The final defendant in an alleged mortgage relief scam that preyed upon distressed homeowners will be banned from selling mortgage or debt relief services under a settlement with the Federal Trade Commission. The settlement resolves FTC charges against Gabriel...

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Final Defendant in Alleged Mortgage Relief Scam Settles FTC Charges

The final defendant in an alleged mortgage relief scam that preyed upon distressed homeowners will be banned from selling mortgage or debt relief services under a settlement with the Federal Trade Commission. The settlement resolves FTC charges against Gabriel...

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Nissan can manage just fine without Ghosn at the wheel

Nissan, which has counted Carlos Ghosn as chairman, CEO and president for most of the period since Renault saved it from the brink of collapse in 1999, is going to have to make do with less of him. ... Read More »

Ghosn steps down as Nissan CEO, hands reins to Saikawa as focus shifts

Carlos Ghosn, the long-serving CEO who rescued Nissan from bankruptcy, is stepping down as CEO, having nearly finished his latest business plan and driven the Renault-Nissan Alliance to new heights with the acquisition of Mitsubishi. ... Read More »

Tesla loss narrows to $121 million in Q4

Tesla reported a net loss of $121.3 million in the fourth quarter as the company prepared to launch Model 3 output. Revenue surged 88 percent to $2.3 billion in the fourth quarter behind a rise in vehicle sales. ... Read More »

Interiors supplier AGM being acquired by Flex Ltd.

Flex Ltd. is buying automotive supplier AGM Automotive. AGM, headquartered near Detroit, supplies interior systems including overhead consoles, interior lighting, electronic components and carpet. ... Read More »