Ford Motor Co., the second-largest U.S. automaker, will soon name Mark Fields its next chief executive officer and reveal when current CEO Alan Mulally will retire from the company he is credited with saving, according to two people familiar with the pending announcement.
The hundreds of pages of documents released by lawmakers last week shed new light on General Motors Co.’s more than decade-long failure to respond to auto-safety complaints, underscoring the struggle ahead for Chief Executive Officer Mary Barra as she seeks to refocus on the company’s new fleet of cars.
Tesla Motors Inc., which raised $2.3 billion in a convertible note sale last month, plans to find more funds for the new finance unit it’s created to lease electric Model S sedans to business customers.
Toyota Motor Corp.’s Camry, the top- selling U.S. car for 12 years, retook its lead last month and helped the company beat analysts’ estimates as most Asia-based carmakers posted gains amid milder weather.
When Bill Trautwein offered to buy his daughter a car to drive to college classes, she went for the blue one -- a used 2005 Chevrolet Cobalt that matched the color on the Florida Gators uniform her big brother wore on the way to two national football championships.
General Motors Co. is expanding the recall of small-car ignition switches by 971,000 vehicles worldwide to cover 2008 to 2011 vehicles that were built with safe parts yet may have received faulty replacements. It also increased the death toll linked to the switches.