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.
General Motors Co. recalled some 2013 and 2014 Chevrolet Cruze compact cars with 1.4 liter engines for front axle half-shaft replacement, a day after the automaker ordered dealers to stop selling the models.
Tesla Motors Inc. said it will add battery shields underneath its Model S electric-powered sedans as U.S. regulators ended a four-month investigation into fires that occurred after the cars struck road debris.
Toyota Motor Corp., whose Camry sedan has been the top-selling U.S. car for the last 12 years, will debut a refreshed model of the car next month as Ford Motor Co. and Japanese rivals gain on the perennial leader.