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Twenty-one charged in Car2Go car-sharing fiasco

A Chicago police spokesperson said the investigation into the disappearance of the vehicles in the Car2Go fleet remains ongoing.

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N. America trade deal would provide modest lift, panel finds

The new North American free trade pact would modestly boost the U.S. economy, especially auto parts output, but may curb vehicle assembly and limit consumer choice in light vehicles, a hotly anticipated analysis from the U.S. International Trade Commission showed.

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Musk, SEC granted extra week to work out deal

Tesla CEO Elon Musk and the SEC will get another week to settle a dispute over Musk's use of Twitter, a federal judge ruled.

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Honda to stop Ohio shift to prepare for electrified autos

Honda will stop second-shift production on one assembly line at its flagship Marysville, Ohio, complex in August so the factory can be refurbished and retooled to make electrified vehicles. No layoffs are planned. 

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GM board will become majority female

Women will become the majority on the board of General Motors this year after two male directors retire. It’s a first for an automaker and places GM among a handful of companies.

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AutoNation shareholders reject proposal on chairman's independence

A longtime AutoNation shareholder’s proposal that would require the company's chairman to be an independent member of the board was voted down at the company’s annual meeting Thursday.

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Barra, other top GM execs see 2018 pay drop

Compensation for GM's top executives, including CEO Mary Barra, declined slightly last year because of a dip in the automaker's financial performance compared with 2017.

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Ally continues to expand used-vehicle portfolio

Ally Financial's first-quarter used-vehicle originations made up more than half of its auto portfolio for the fifth-straight quarter. Total auto originations dipped, driven by a decline in new-vehicle originations.

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Hyundai hires former Nissan exec Munoz for global, Americas roles

Jose Munoz, the 20-year veteran of Toyota and Nissan, inherits a revitalized Hyundai vehicle lineup in the U.S. and comes with a reputation for pushing hard to achieve his boss's targets.

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Lear closes on $320 million acquisition of software supplier Xevo

Xevo brings Lear the technology that connects drivers with cars and mobile apps through the cloud.

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