Roger Penske, Jack Roush named to NASCAR Hall of Fame

Longtime race team owners Jack Roush and Roger Penske have been elected to the NASCAR Hall of Fame's Class of 2019.

UPDATED: 5/22/18 3:59 pm ET - adds statement

Tesla shareholders urged to remove Musk from chairman's role

The largest proxy advisory firm is recommending that investors reject two of Tesla's board members, while also supporting a proposal to split the role of chairman and CEO.

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MORE EXECUTIVE NEWS TALK FROM THE TOP FINAL ASSEMBLY
UPDATED: 5/23/18 9:42 pm ET - adds details
U.S. launches probe to weigh tariffs on car, truck imports

The Trump administration started an investigation into whether car and light-truck imports threaten national security, a move that could lead to new U.S. tariffs on foreign vehicles similar to those proposed for imported steel and aluminum in March.

Donald Trump does a favor for BMW and Mercedes

The biggest beneficiaries of President Donald Trump's drive to get China to "play fair" on trade are automakers such as BMW and Mercedes, which export expensive sedans and SUVs from Germany and the U.S. to wealthy customers in the world's biggest market.

Obituaries

Former highway safety official Tony Kane died Tuesday, May 15. Gary Perina, 73, founder of supplier Lucerne International, died May 15.

How Alcantara is managing demand from U.S., China

Alcantara, the maker of the upmarket leather alternative material of the same name, plans to double the company's overall production capacity in Italy as demand from the U.S. and Chinese markets continues to drive sales.


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