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Ford Motor Co. Chairman Bill Ford sought to reassure investors today that the company's decision to discontinue several of its sedans isn't a retreat but would instead help reshape the company's lineup.

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GM to Start EV Rollout in 2021

General Motors will begin rolling out its next-generation of electric vehicles in 2021, and it seeks to reach its goal of offering 20 such vehicles by 2023, CEO Mary Barra told investors on Wednesday.

Investor Consortium to Acquire LeasePlan Corp.

The Dutch parent of LeasePlan USA, which is one of the largest global fleet management companies, will be sold to a consortium of investors including pension funds in The Netherlands, Denmark, and Singapore.