Month: June 2013

Billionaire megadealer Norman Braman’s two-tier pricing lawsuit against General Motors appears headed for a settlement.

AutoNation, the largest U.S. dealership group, said its new-vehicle retail sales rose 11 percent in May compared to last May. AutoNation retailed 26,372 vehicles last month, compared with 23,763 units in May 2012.

Chrysler Group said today it does not intend to honor a request from the National Highway Traffic Safety Administration to recall as many as 2.7 million Jeep Grand Cherokee and Liberty SUVs.

Enterprise Holdings named Pamela M. Nicholson, the rental-car company’s president, as chief executive, the first CEO to come from outside the founding Taylor family.

The National Highway Traffic Safety Administration is considering expanding two small airbag recalls issued by General Motors to a far larger recall of about 400,000 vehicles.

Mitsubishi Motors has formally recalled its i-MiEV electric vehicle in Japan, possibly paving the way for a similar callback in the United States.

General Motors, four years after being kicked out of the Standard and Poor’s 500 Index, will heal another wound of the financial crisis when it rejoins the benchmark gauge for American equities this week.

Former Porsche CFO Holger Haerter has been fined 630,000 euros ($824,000) by a German court for credit fraud in a criminal case over the refinancing of a 10 billion euro loan during a failed bid to takeover Volkswagen in 2009.

Record energy production coupled with a sustained housing recovery are pushing pickup sales to the highest level in as much as eight years and driving Detroit’s comeback. Detroit’s 3 automakers have gained 1.

Mazda reached back to the 1960s, specifically to 1968 Olympic gold medalist Dick Fosbury — the man credited with launching the now-popular back-first high jump technique known as the Fosbury Flop — to pitch its new Mazda6.