European car sales fell 4.9 percent last month, the Association of European Carmakers said on Tuesday, as PSA Peugeot Citroen lost more ground to rivals.
Four of Europe's largest car manufacturers are expected to lose a combined five billion euros ($6.6 billion) in the region this year, according to Moody's Investors Service, as demand falls to its lowest level in two decades.
Think you can guess the cheapest car to drive? Hint: It clocks in at 7 cents per mile. The most expensive costs 36 cents per mile. Check out the answers from GasBuddy.com.
In his latest speech on the economy, jobs and taxes, President Obama proposes cutting corporate taxes, repatriating foreign earnings and infrastructure spending to create jobs.
Despite hopes the European market might have finally bottomed out, auto sales for the 2013 first half plunged to a 20-year low, with little sign the downturn will reverse itself.
Ford is rolling out a new version of its popular F-Series truck. The Ford F-150 Tremor is a regular cab pickup with a short wheel base and Ecoboost engine.
European shares accelerated losses to close sharply lower on Monday, on ongoing concerns about an imminent scaling back of the U.S. Federal Reserve's asset purchases, plus liquidity fears in China.
About 1.2 million Jeeps originally listed as part of a recall have been excluded from the compromise between Chrysler and the NHTSA, and instead fall under a "service action."
Tesla described itself as the only American car company to have fully repaid government loans, but Chrysler called that statement "unmistakably incorrect."
A wealthy Chinese businessman hired a crew to smash his Maserati with sledgehammers to protest poor customer service, but the story is similar to another incident. Is this a trend or a stunt?