CarMax posts 22 percent increase in third quarter earnings
CarMax posted a 22 percent increase in third quarter earnings. The used-car dealership chain reported a surge in car sales.
CarMax reported earnings of US$130...
Ford closes its plant in Genk, Belgium
The Ford Motor Company closed it plant in Genk, Belgium on Thursday, which had manufactured 14 million vehicles and provided thousands of jobs for...
US Treasury selling last 11.4% stake in Ally Financial
The US Treasury has launched an offering to sell its 11.4 percent remaining stake in the Detroit-based auto lender Ally Financial Inc.
Ally Financial, the...
Jaguar and Land Rover sales fall for second straight month
Jaguar and Land Rover (JLR) posted a decline in retail volumes for the second straight month. The two brands, owned by Tata Motors, said...
Honda recalling 3 million more vehicles in US
Honda Motor Co. says it is recalling a further three million vehicles in the United States associated with exploding air bags made by Takata...
US auto sales booming, industry’s best November in over a decade
American auto sales increased more than expected last month, with Black Friday deals attracting an overwhelming number of buyers.
General Motors Co. said that it...
Audi developing an electric vehicle to compete with the Tesla Model S
Audi is the midst of developing an all-electric car to compete with Tesla’s Model S. The car will use technology from Audi’s R8 e-tron.
According...
Bio-Bus that runs on human poop and food waste takes to the road
The first bus that runs on gases generated from human poo and food waste has hit the road in England. Its creator, GENeco, a...
GM Canada names Stephen Carlisle as new president and managing director
GM Canada announced on Thursday that Stephen K. Carlisle will take over as president and managing director from Kevin W. Williams, who has led...
US regulator demands a nationwide recall of cars with Takata air bags
The US auto safety regulator has urged automakers and Japanese airbags supplier Takata to expand a nationwide recall of cars that contain potentially deadly...