December U.S. auto sales: Hyundai rises 2%
Hyundai’s U.S. sales rose 2 percent to 66,278 in December, the automaker's fourth increase in six months, behind a 12 percent jump in retail volume. The gain, aided by three...
U.S. judge orders Brockman case moved to Texas court
A federal judge in California has agreed to allow former Reynolds and Reynolds Co. CEO Bob Brockman to face charges of tax evasion and wire fraud closer to his home...
GM to promote 650 temps to full-time posts
DETROIT -- General Motors plans to transition more than 650 temporary hourly employees into full-time jobs this month, the automaker said Monday. The move delivers on GM's promise in its 2019...
Fiat Chrysler-PSA deal nears finish line after shareholder approvals
Fiat Chrysler Automobiles and PSA Group shareholders signed off on a combination that’s endured two years of extraordinary drama, marked by on-again off-again talks, the transformation of their industry and...
FCA execs Manley, Palmer eligible for millions in Stellantis retention awards, documents show
Fiat Chrysler Automobiles CEO Mike Manley and CFO Richard Palmer will be eligible for cash retention awards worth tens of millions of dollars after FCA merges with PSA Group to form...
U.S. judge reduces former FCA executive’s sentence by 18 months for cooperation in UAW probe
DETROIT — U.S. District Judge Paul Borman on Monday slashed by 18 months the prison sentence of former Fiat Chrysler labor chief Alphons Iacobelli, who had been serving a 5½-year...
Lidar startup Aeva adds $200 million to deal with special-purpose acquisition company
Aeva, a laser-sensor startup founded by two ex-Apple Inc. engineers, is poised to increase its war chest by $200 million with an investment by a Hong Kong-based hedge fund ahead...
Magna to develop driver assistance technology with Fisker
Canadian auto supplier Magna International Inc. said on Monday it would work with Fisker to develop an advanced driver assistance system (ADAS) for the EV maker's Ocean SUV, expected to launch...
Fiat Chrysler, PSA Group shareholders approve merger to form Stellantis
PARIS/MILAN -- Shareholders of Fiat Chrysler Automobiles and PSA Group on Monday approved a $52 billion plan to merge and create Stellantis. FCA Chairman John Elkann said at a virtual...
Ford sales boss LaNeve leaving company; Andrew Frick promoted
DETROIT — Ford Motor Co. said Monday that Mark LaNeve, vice president of U.S. marketing, sales and service since 2015, is leaving the company effective immediately to pursue the "next...