Elon Musk, who has routinely used his shares in Tesla to obtain personal loans, recently took out $61 million in mortgages on five properties in California.
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Fiat Chrysler set an annual compensation target for CEO Mike Manley consisting of pay, cash and equity bonuses of $14 million, the automaker disclosed in a regulatory filing.
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Jim Englehart helped bring many of today's most popular pickups and SUVs to market, such as the F-150, Ford Explorer and Ford Expedition.
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President Trump said that because of the progress being made with China in trade talks, this week's round of negotiations had been extended. He said if the two countries reached a deal, tariffs would not need to rise.
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VW faces the prospect of compensating thousands of owners of tainted diesel vehicles after Germany’s top court undercut the automaker’s defense strategy that its cheating software was legal in Europe.
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Fiat Chrysler is on the verge of paying a regular dividend for the first time and said it is planning a $1.1 billion initial distribution to shareholders.
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GM will continue producing the Cadillac CT6 and Chevrolet Impala large sedans until January 2020 at its Detroit-Hamtramck Assembly plant in Michigan.
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Automakers have a tough time estimating road load -- industry jargon for factors that can reduce fuel economy, including friction, weight and aerodynamics, said an independent consultant.
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A new advertising campaign for Cadillac marks the end of the brand’s 4-year-old “Dare Greatly” ad campaign and the beginning of a new tag line and ad campaign that will debut nationally Sunday.
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Henry Ford III is the first family member to sit on the foundation's board since his grandfather, Henry Ford II, resigned in 1976 after 33 years of service as president, chair, and a trustee.
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