Tariq Kamal
Contributing Editor
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The estimated seasonally adjusted annualized rate of U.S. new vehicle sales continues to hover around the 17 million-unit mark after several major manufacturers enjoyed year-over-year improvements in November.
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Toyota Motor Credit Corp. will replace Mazda Capital Services as the captive consumer loan and lease financing company for U.S. Mazda dealers, according to a report filed with the Securities and Exchange Commission Wednesday.
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The starting prices for the Model X SUV and Model S sedan went up nearly $5,000 overnight following the abrupt deletion of their ‘standard range’ variants from Tesla’s lineup.
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After several years of growth throughout much of Central America, the automotive market has started to see a downward trend in some of the region’s largest car markets.
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U.S. new-vehicle dealers sold 1,328,649 cars and light trucks in April, a 2.3% year-over-year decline and a full 3% loss to start the year compared with the first four months of 2018.
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The U.S. Department of Justice has opened a criminal investigation into Ford Motor Co.’s emissions testing and certification processes, the factory revealed in an SEC filing today.
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Hyundai Motor Co. and Kia Motors Corp. face new investigations into a spate of mechanical issues, including engine fires, that has led to the recall of millions of vehicles sold in the U.S.
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A rapidly growing middle class, new investments in infrastructure, and a simplified tax scheme make India a prime target for global fleet-based businesses.
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Federal Reserve Chairman Jerome Powell announced the fourth interest-rate hike of the year while downgrading central bankers' expectations for economic growth in 2018 and 2019.
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Merchants Fleet Management now offers rental trucks with no minimum term for fleets that need to scale up or down quickly for project-based or seasonal work.
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