U.S. details $1.5 billion Daimler diesel emissions settlement
WASHINGTON -- Daimler will pay an $875 million civil penalty for violating U.S. clean air laws as part of a $1.5 billion settlement with U.S. and California regulators over excess...
GM to unveil Hummer EV on Oct. 20
DETROIT — General Motors plans to unveil the GMC Hummer EV on Oct. 20, exactly five months after the high-performance electric pickup originally was scheduled to make its debut. The...
FCA, PSA revise merger terms due to COVID-19; special dividend reduced
PARIS -- PSA Group and Fiat Chrysler Automobiles on Monday said they revised the terms of their planned merger, adding PSA would hold onto its stake in parts supplier Faurecia...
Lifetime auto enthusiast, longtime Chicago auto dealer John Weinberger dies at 88
He enjoyed racing through the Sports Car Club of America, and he continued racing vintage cars into his 80s. Weinberger's own collection of more than 40 classic and exotic cars...
Barra encouraged by global recovery, uninterested in ‘short-term pop’ for stock
DETROIT -- General Motors CEO Mary Barra said on Monday global vehicle demand was recovering from declines caused by the coronavirus pandemic, but added she would not take any short-term...
Subaru faces lawsuit over alleged acceleration defect in certain vehicles
The suit alleges the Controller Area Network — or CAN bus, which allows microcontrollers and devices to communicate with each other's applications without a host computer — contains a software...
Former GM exec Engle named CEO of tech acquisition firm
Former General Motors North America chief Barry Engle is taking on the role of CEO at a Silicon Valley tech acquisition firm. Qell Acquisition Corp., a San Francisco-based special purpose...
Europe, UK’s automakers warn of $130B hard Brexit cost
BRUSSELS -- Europe and the U.K.'s automotive industries on Monday called on the two sides to urgently clinch a free trade agreement, warning that a disorderly Brexit would cost the...
U.S. to detail Daimler diesel emissions settlement
WASHINGTON -- Daimler is set to pay an $875 million civil penalty for violating U.S. clean air laws as part of a $1.5 billion settlement with U.S. and California regulators...
Navistar rejects offer from VW’s Traton, calls it starting point
Navistar International Corp. on Monday rejected Volkswagen truck unit Traton's buyout offer of $43 per share, but said it was a starting point for exploring a possible transaction. The German...