Honda, Nissan and Mitsubishi have entered discussions that could lead to a three-way merger that would form the world’s third-largest automaker. A new U.S. president could complicate the deal. +
The Commerce Department reports the U.S. real gross domestic product increased 3.1% year-over-year in the third quarter, with retail trade serving as the lead contributor in 39 states. +
The Federal Trade Commission announced a recordbreaking settlement with AutoCanada over a slew of fraud charges the agency leveled against the dealer group’s 10 U.S. rooftops. +
The latest new-vehicle sales and finance reports from Cox Automotive show strong sales and credit availability as incentives offset higher prices to sustain affordability. +
NHTSA reports 20,484 Ford Escape and Lincoln Corsair hybrid SUVs may be at risk of a short circuit that could cause battery failure, sudden loss of drive power and increased fire risk. +
The latest report from CARFAX finds incidents of odometer rollbacks continue to multiply, affecting more than 2 million units so far this year, up 18% since 2021. +
Cooper Chevrolet Buick acquired GMC and Hyundai rooftops from neighboring Superior Automotive Group, creating a five-franchise collection now known as Cooper Auto Family. +
The U.S. Supreme Court declined to weigh in on an appeal brought by conservative states, teeing up a likely reversal to EPA policy in the early days of the second Trump administration. +
Reuters reports members of the Trump transition team will recommend a reversal of Biden administration policies designed to encourage EV production and sales. +
A new survey finds 92% of EV buyers plan to buy another EV and only 1% would buy a gas-powered vehicle, with lower operating costs the most-cited factor. +
