European car sales fell to a 20-year low in May as rising joblessness caused by a recession in the euro region reduced demand. Registrations dropped 6 percent to 1.08 million vehicles with all volume automakers reporting sales declines.
Japan sees an urgency in overhauling policies that favor domestic industries such as automakers as it seeks to revive the economy and join talks on a Pacific-region trade deal, the government's ambassador to the United States said.
Chrysler Group, saying it's settled a dispute with federal safety regulators, will inspect older-model Jeep Grand Cherokee and Jeep Liberty SUVs and install a trailer hitch assembly if necessary to “better manage crash forces in low-speed impacts.”
If you'll forgive the metaphor, the shootout described this week by the editors at pickuptrucks.com may say more about the automaker/gunslingers themselves than the effectiveness of their chosen hardware.
Rolls-Royce has named Frank Ludwig, 42, as its manufacturing director. The German national has been with Rolls' parent, BMW Group, since 2002 and has held manufacturing jobs at the Mini and BMW brands.
Aston Martin shareholder Investment Dar is asking its creditors to take a 50 percent write-down on the of Kuwaiti company's debt as it seeks to meet repayments after defaulting on a loan three years ago, three people familiar with the matter said.
General Motors CEO Mary Barra comments on lessons from mom; girls who shy away from math; slicing a 10-page policy down to two words; tapping millennials to erase stupid habits; taking regular trips to Silicon... » Watch the Video