Retail

Suzuki Motor appoints scion as CEO to rebuild after testing scandal

Suzuki Motor Corp. tapped the son of the company patriarch to become CEO, keeping management of Japan's fourth-largest automaker with the founding family as it tries to recover from a testing scandal.

Brexit may cost carmakers 2.8 million global sales, IHS says

The UK's vote to leave the EU may cost automakers about 2.8 million light-vehicle sales worldwide through 2018, researcher IHS Automotive said. The UK is expected to be hit hardest. Instead of expanding 3.2 percent this year, the UK may grow by just 1 percent followed by declines in the next two years.

Ally shareholder Feinberg resigns from board after showdown with advisory firm

Stephen Feinberg, Ally Financial's third-largest shareholder, stepped down from the auto lender's board after an investor-advisory firm faulted his

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