News - Auto News

Tesla shareholder presses board to appoint independent chairman

Tesla shareholders will vote in June on whether to adopt a policy that the company only allow an independent director to be chairman, a role that Elon Musk has held since 2004.

GM, again, faces $1 billion fight over bankruptcy accord

An independent trust handling GM's old bankruptcy claims reached a new settlement with customers who sued the automaker years ago over faulty ignition switches -- a deal that could force GM to give up more than $1 billion in new stock if a judge...

NAFTA local origin rules could hurt U.S. auto sales, exports, study finds

American proposals on rules of origin that govern what percentage of a light vehicle needs to be built in the NAFTA region to avoid tariffs would hurt American consumers, lead to lower vehicle sales and hurt American car exports, according to a new...

Toyota invests $170 million in Miss. plant for next Corolla

Toyota is investing $170 million at its Mississippi plant to build the next Corolla sedan, creating 400 jobs. The move will bring Toyota's investment in the plant to more than $1 billion since 2007.

Fiat Chrysler Q1 adjusted earnings rise 5% to $1.96 billion

Fixing a "challenging" launch of the new Ram 1500 pickup has cost FCA $300 million, but it didn't keep the automaker from posting a Q1 record adjusted earnings of $1.96 billion while cutting debt.