May U.S. auto sales are expected to rebound from an April slowdown, easing concerns of another spring swoon, forecasters said. The light-vehicle seasonally adjusted annual selling rate for this month will be 15.2 million, both LMC Automotive/J.D. Power and Associates and TrueCar.com predicted ...

FRANKFURT (Bloomberg) -- Shares in Volkswagen, PSA/Peugeot-Citroen and Renault, Europe's three largest carmakers, all dropped 5 percent or more after preliminary data showed manufacturing in China is unexpectedly contracting. PSA declined as much as 7.5 percent, VW fell as much as 5.3 percent and

WILMINGTON, Delaware (Bloomberg) -- Ally Financial Inc., the auto lender majority-owned by the U.S. government, agreed to pay $2.1 billion to avoid lawsuits related to its bankrupt mortgage unit, Residential Capital LLC. Under the settlement, Ally will pay $1.95 billion in cash to the ResCap ...

AutoNation Inc.'s lead-referral subsidiary has unveiled an online service that lets consumers search dealership Web sites for new and used vehicles based on monthly payments. When a consumer chooses the desired payment a sales lead is sent to the dealership. The service, Shop-By-Payment, is offered

DETROIT --andnbsp;Fiat-Chrysler CEO Sergio Marchionne has issued a written apology to an Italian-American anti-bias organization for saying at the Detroit auto show that an Alfa Romeo needed a "wop" engine. Marchionne, an Italian-born Canadian citizen, issued the apology this month to the Italian

WASHINGTON -- Volkswagen plans to refit more than a quarter million 2009-12 diesel cars to prevent North American customers from mistakenly pumping gasoline into the fuel tanks. The service action covers 209,500 cars in the United States and 51,600 in Canada. Affected models are the TDI versions of

DETROIT (Reuters) -- A boutique automaker led by former General Motors executive Bob Lutz and China's largest auto parts supplier submitted an offer to buy cash-strapped automaker Fisker Automotive, people familiar with the matter told Reuters. VL Automotive and China's Wanxiang Group made an offer

WASHINGTON -- Volkswagen plans to refit more than a quarter million 2009-12 diesel cars to prevent North American customers from mistakenly pumping gasoline into the fuel tanks. The service action covers 209,500 cars in the United States and 51,600 in Canada. Affected models are the TDI versions of

DEL MAR, Calif. -- Kia's first-ever offer of free scheduled maintenance, on the new 2014 Cadenza, shouldn't affect dealership sales of extended-service contracts, the carmaker says. "Overall, the feedback from the dealers has been very positive," said Tom Loveless, executive vice president of sales

WASHINGTON -- Two executives at Toyota-affiliated supplier Denso Corp. have agreed to plead guilty to conspiring to fix prices and have agreed to cooperate with a major ongoing criminal investigation of the automotive supply chain, the U.S. Justice Department said. The executives, Yuji Suzuki and

The National Automobile Dealers Association and several automakers are reaching out with assistance to dealers and victims affected by Monday's tornado in Oklahoma. Auto dealers affected by the tornado near Oklahoma City can go to the National Automobile Dealers Charitable Foundation for help. ...

Can the coattails of Fast and Furious 6 and its young, devoted male fans give a boost to Dodge Dart sales? Chrysler Group is counting on it. The Dart doesn't have a role in the action-thriller opening nationwide on Friday, but Dodge is betting a Fast and Furious -like commercial and other marketing

DETROIT (Reuters) -- A boutique automaker led by former General Motors executive Bob Lutz and China's largest auto parts supplier submitted an offer of $20 million to buy cash-strapped automaker Fisker Automotive, people familiar with the matter told Reuters today. VL Automotive and China's ...

Michael Stanton, a longtime lobbyist and a driving force for automakers in public policy, will retire as president and CEO of the Association of Global Automakers in early 2014. Stanton, 68, has represented automakers in Washington and state capitals across the country for more than 35 years, ...

Gentex Corp., a maker of rearview mirrors and electronics parts, said its CFO and vice president of finance has left the company but will remain a consultant with the supplier. Steve Dykman, 47, had been vice president of finance since 2006 and CFO since 2007. He had been with Gentex for nearly 20

For lenders, the average loss for bad auto loans rose in the first quarter, reflecting factors that directly affect dealerships: easier credit and softer used-vehicle prices. "The increase in charge-offs definitely ties to the shift in wholesale values. But it's also because the average amount ...

Car dealers were recovering from damage and organizing aid to survivors today after a two-mile-wide tornado ravaged an Oklahoma City suburb, but there were no reports of the massive twister directly hitting dealerships. The tornado -- which devastated suburban Moore on Monday afternoon -- caused at

TORONTO (Bloomberg) -- Ford Motor Co., Canada's top-selling automaker, is confident it can preserve its manufacturing profile in the nation despite unfavorable operating costs tied to the high Canadian dollar, the company's lead executive for the country said. "We are optimistic despite the ...

Major automakers and auto dealers told a Senate panel Tuesday that they remain opposed to legislation that would prohibit rental car companies from renting or selling vehicles that are subject to a federal safety recall. Representatives from the National Automobile Dealers Association and the ...

WASHINGTON (Bloomberg) -- Tesla Motors Inc. said it paid off the entire balance of its U.S. government loan given as part of a Department of Energy program to spur development of alternative energy vehicles. "In addition to payments made in 2012 and Q1 2013, today's wire of almost half a billion ...