U.S. light-vehicle sales fell 4.7 percent in April as big automakers, amid plunging car demand, posted declines with ever-rising incentives failing to shake the industry from its longest slump in years. The SAAR came in at 16.92 million.
Kia -- on the cusp of launching its critical Stinger performance sedan -- has hired former Chrysler advertising whiz Saad Chehab as its new marketing chief. The move, effective May 8, brings to Kia the formidable marketing mind behind some of Fiat Chrysler's most acclaimed advertising efforts.
Hyundai and Kia plan recalls to inspect and, if needed, replace four-cylinder engine assemblies in as many as 1.2 million U.S. vehicles. Manufacturing defects in "Theta" engines could cause engine bearings to wear prematurely and lead to an engine stall.
Mexico's booming auto industry set records across the board in the first quarter, with production jumping 17 percent, exports surging 14 percent and local light-vehicle sales rising 8.9 percent vs. the year-ago period.