General Motors has set aside $1.2 billion as a charge to earnings for the current quarter due to the recall of 29 million cars and light trucks. The number is a management…
courtesy of General Motors UPDATE: Bloomberg News reports that the district attorney of Orange County, California, has file a lawsuit against General Motors Co. (NYSE: GM), accusing the automaker of concealing defects…
Paul Ausick Volkswagen AGFor the first time ever, Volkswagen’s Audi division sold more cars worldwide in a month than did long-time premium brand leader BMW. Now if VW could only sort out its U.S.…
General Motors will pay millions of dollars, at least, to survivors and victims of crashes related to defective ignition switches in the company's vehicles. Kenneth Feinberg to administer the program.
Paul Ausick courtesy of General MotorsCarmakers are scheduled to announce June sales on Tuesday, and we thought we’d give you a preview of what some of the auto industry research and information firms believe…
Volkswagen AGVolkswagen, already in deep trouble in the United States, is expected to have a drop in June sales of 15.8%, which is another sign that its recovery is improbable. According to…
ThinkstockThe Office of the Comptroller of Currency is not as well known to most Americans as other financial regulators in the United States. Still, its observations often become more widely followed in…
BMW GroupA list of the high-tech features that new car buyers say they must have in new vehicle includes four that could be categorized as infotainment features and two that are clearly…
Demand for Lincoln cars is far too modest, and the level of competition in the luxury car market in the United States is extraordinary, led by some of the world's most powerful…
Volkswagen AGOver the decade through 2013, new car sales in South America have grown an average of 11% a year, trailing only Asia as the hottest market for new cars. As of…
courtesy of General MotorsGeneral Motors Co. (NYSE: GM) already has had a great deal of success in the full-size pickup market, which only has three significant competitors. Its Chevy Silverado ranks second…
AvtoVAZSales of new passenger cars and light commercial vehicles (LCVs) in Russia fell 12% year-over-year in May, and year-to-date sales are down 6%. And it is projected to get worse. Bo Andersson,…
AutoNation ranks as America's largest car dealer, but not by much. The Penske Automotive Group is second. After these two, no other operation comes close.
courtesy of Fiat SpAFiat, the Italian brand of the new Fiat Chrysler Automobiles, placed dead last in the new J.D. Power 2014 U.S. Initial Quality Study. The news all but ruins the…
Courtesy Porsche Cars North America Inc.Initial quality for new cars purchased in 2014 fell slightly compared with 2013. The average score for last year was 113 problems reported per 100 vehicles sold,…
