Flood Of Off-Lease Used Cars Push Prices Down, Upend MarketIn 2014, Infiniti leased more than 28,000 Q50 luxury sedans in a growing U.S. market. The leases accounted for more than three-quarters of Q50 sales. Now they're coming back to haunt the automaker.
Report: Ford Planning Big Job Cuts To Boost ProfitsThe Wall Street Journal reports that Ford Motor Co. is planning substantial job cuts in order to boost profits and raise its stock price.
Ford, Nissan, GM, Toyota Report April U.S. Sales DeclinesFord, Nissan, General Motors and Toyota all reported U.S. sales declines in April, strong signs that demand for cars, trucks and SUVs is starting to slow after seven straight years of growth.
Honda Sales Fall Just Under 1 Percent As Acura StrugglesHonda says its March sales fell just under 1 percent, dragged down by sagging demand for its Acura luxury brand.
Toyota Sold 10.2 Million Vehicles Worldwide, Fewer Than VWToyota has relinquished the title of the world's biggest automaker, reporting Monday that it sold 10.175 million vehicles worldwide in 2016, fewer than Volkswagen's 10.31 million.
"No Excuse": Safety Experts Say Car Defect Puts Kids In DangerAuto safety experts are demanding action on what they call a serious safety defect. The move comes days after a jury awarded more than a $124.5 million to a Texas family.
U.S. Auto Sales Expected To Hit All-Time High In 2015Americans are buying more new cars than ever before. U.S. auto sales were expected to reach a record high of 17.5 million in 2015, topping the old record of 17.35 million set in 2000.
California Sets Rules For Self-Driving Cars, Austin Still VyingCalifornia regulators have unveiled a roadmap that would let consumers begin using self-driving cars, though manufacturers would have to prove the emerging technology is safe before a licensed driver could get chauffeured around town.
Boots, BBQ & Donations At Toyota Block Party In PlanoJavier Moreno has worked for Toyota for 10 years. He says he remembers the day he heard the news that jolted the automotive industry earlier this year: Toyota would move its U.S. headquarters from the Los Angeles area to Plano.
Auto Sales Up, What Does It Mean For The Economy?U.S. automakers are enjoying their best sales performance in the past five years and North Texas car dealers say new car sales are surging.