Santander agrees to $550M U.S. settlement over subprime auto loans
WASHINGTON -- Santander Consumer USA Holdings Inc. said on Tuesday it had agreed to make changes to its underwriting practices as part of a $550 million settlement with 33 states...
Trump’s Ford visit set despite order prohibiting nonessential tours
DETROIT -- When Ford Motor Co. hosts President Donald Trump on Thursday for a tour of its Rawsonville components operation near Detroit, the automaker will be doing so in technical...
GM developing hands-free system for city driving
General Motors is developing a new version of its Super Cruise driver-assist technology that isn't limited to highways, bringing hands-free capability to city centers and neighborhood streets.The technology, internally called...
Nio founder William Li talks confidence in future of EVs at virtual EcoMotion
Though Chinese electric carmaker Nio Inc. is facing challenges as a result of the current crisis, CEO William Li said he is "ever more confident" in the future of electric...
Sonic says May business improving, boosts forecast on used vehicles
Sonic Automotive Inc. said its new- and used-vehicle sales are improving in May and the company is expecting better results later in the year than previously forecast for used-vehicle volumes...
Battery supplier Clarios names Mark Wallace as new CEO
Global battery supplier Clarios, the former unit of Johnson Controls Inc., named Mark Wallace as its new CEO, effective Monday. The year-old supplier based in Milwaukee, Wis., said in a...
China’s auto plants ease virus prevention measures as production rises
SHANGHAI -- In the eastern Chinese city of Yuyao, a group of five face-masked workers at a Geely auto plant stood almost shoulder to shoulder behind a utility vehicle as they...
Mitsubishi slumps to quarterly loss, multiplying alliance woes
Mitsubishi Motors Corp., already mired in losses before the COVID-19 pandemic hit, sank into the red in the latest quarter as sales and production plunged. The Japanese automaker swung to a...
2021 Porsche 911 Targa First Look: The Sorta-Convertible Is Back, Baby
Bridging the gap between its coupe and convertible siblings, the Porsche 911 Targa returns to the German sports car brand's model line for the 2021 model year. Like the prior 991-series...
Alfa Romeo Symbol, Badge, and Emblem History: What’s With the Snake?
Anonima Lombarda Fabbrica Automobili, or "Lombard Automobile Factory, Public Company" in Italian, (A.L.F.A. to us) was founded on June 24, 1910, and shortly thereafter selected a logo that looks a...