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GM pressed by 2 Senators to build all EVs for U.S. stateside

Two U.S. senators from Ohio on Tuesday asked General Motors CEO Mary Barra to commit to building all future electric vehicles for U.S. buyers at home and to provide more details of plans to cut back on car output in North America.

UPDATED: 12/11/18 4:06 pm ET - adds details
China to cut tariffs on U.S. autos to 15 percent, Trump official says

China has agreed to cut tariffs on U.S.-built cars and auto parts to 15 percent from the current 40 percent, a Trump administration official said, setting the stage for a new talks aimed at easing the bitter trade war between the world's two largest economies.

Nissan to correct earnings to account for Ghosn's unreported income

Nissan will file corrected earnings for past years in which Carlos Ghosn, the company's ousted chairman, allegedly under-reported his compensation by tens of millions of dollars.
■ Ghosn's appeal to end detention rejected by Tokyo court
■ Nissan is said to spell out allegations on Ghosn to Renault

Ford Ranger pickup rated at 23 mpg combined, best among gasoline-powered rivals

The Ford Ranger is returning next month as the most fuel-efficient gasoline-powered pickup on the U.S. market. The two-wheel-drive model will achieve 21 mpg city, 26 mpg highway and 23 mpg combined, according to EPA estimates, slightly above its closest rival.

Musk slams '60 Minutes' for editing comments about chairman

Tesla CEO Elon Musk criticized “60 Minutes” for editing out parts of his responses to questions about losing the role of chairman last month.

Hyundai Motor's 2 r&d vice chairmen offer to resign, report says

Hyundai Motor Group's two vice chairmen in charge of r&d have offered to resign, three people familiar with the matter told Reuters.
■ Hyundai, suppliers plan $6.7 billion investment to boost fuel cell output

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UPDATED: 12/11/2018 5:11 pm ET - adds details Ex-Ford Argentina execs convicted in torture case

An Argentine court convicted two former executives of a local Ford plant of involvement in the torture of workers during the country's dictatorship in the 1970s, victims' lawyers said, adding they may sue Ford in U.S. federal court.

Cars.com pressured to perform, shake up management or sell

Starboard Value is calling on Cars.com to improve its performance or consider selling itself or making management changes, about nine months after the activist hedge fund reached a settlement agreement with the online auto-dealing platform.

Tesla readies Model 3 for Europe launch

Tesla will start the European rollout of its Model 3 in February, putting pressure on German premium brands that have seen the Model S outsell flagship sedans such as the Mercedes-Benz S class.

UPDATED: 12/10/18 03:29 am ET - adds Nissan confirmation Ghosn, Kelly, Nissan indicted for under-reporting compensation

Nissan promised to improve corporate compliance after Tokyo prosecutors indicted former Chairman Carlos Ghosn, close aide Greg Kelly and the automaker itself for allegedly understating Ghosn's compensation.

VW-Ford talks are gaining steam

As Ford has tried to downplay its ongoing talks with Volkswagen Group, VW CEO Herbert Diess, who last week said VW is eyeing access to Ford's U.S. manufacturing footprint, keeps upping the ante.

Affordability worries put dealers in a gloomy mood

Price pressure, rising interest rates and a shrinking supply of affordable vehicles have auto dealers worrying more about business as they look toward 2019, according to the Cox Automotive Dealer Sentiment Index survey for the fourth...

November numbers reflect surprisingly good sales year

Heading into 2018, U.S. auto sales appeared headed for a second-straight annual decline. But it hasn't played out as expected: Sales have remained steady even as incentives were disciplined and prices rose further.


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