Omnicom, Publicis call off proposed $35 billion ad mergerAuto News

The proposed $35 billion merger between Omnicom Group and rival Publicis Groupe has been called off as the challenges in forming the world's largest advertising agency proved too immense for the partners.



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Fiat Chrysler headquarters will be in London, Marchionne saysAuto News

The headquarters of the newly merged Fiat Chrysler Automobiles will be moved to London, CEO Sergio Marchionne clarified on Thursday, cementing a politically sensitive shift away from Italy, Fiat's home for the past 115 years.



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Hyundai, Honda execs prepared for more scrutiny on safetyAuto News

GM's ignition switch controversy inevitably will lead to greater regulatory scrutiny of auto safety defects, top executives from Honda and Hyundai say.



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Tesla faces new hurdle as Missouri weighs direct sales banAuto News

Tesla Motors says its fight to sell electric cars directly to consumers faces a new hurdle as Missouri's legislature is weighing a measure to bar its company-owned store system.



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Tesla shares fall 11% day after posting Q1 lossAuto News

Tesla Motors tumbled the most in more than five months after the electric-car maker reported a first-quarter loss and vehicle deliveries that trailed the highest analyst estimate amid constraints of battery supplies.



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Toyota move yields political fallout in Calif.Auto News

Toyota's decision to move its North American headquarters to Texas is causing political fallout in California.



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A Big Score for Jeep (5/8/14)

Commercials feature previously unreleased Michael Jackson song; shareholders hail Mulally; global...

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DealerSocket, Vista Equity Partners in investment talksAuto News

The owners of DealerSocket, a leading provider of customer-retention software to dealerships, are in investment talks with Vista Equity Partners, a private equity firm with a minority stake in Reynolds and Reynolds.



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GM asks Texas court to bar depositions of executivesAuto News

General Motors, which is fighting about 60 customer lawsuits over demands for money for faulty cars, asked a federal court in Texas not to allow a group of customers to gather information from the company on its handling of ignition switch defects,...



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GM recalls 2014 Malibus, LaCrossesAuto News

General Motors is recalling 8,208 2014 Chevrolet Malibu and Buick LaCrosse sedans for a problem with the front brake assembly, the company's fifth recall in the last two weeks.



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Jeep brings back summer -- and Michael Jackson -- in new pushAuto News

Jeep is launching a marketing effort featuring an unreleased single from the late pop superstar Michael Jackson. Fiat Chrysler Chief Marketing Officer Olivier Francois is set to announce a partnership with Epic Records CEO L.A.



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Mulally says 'no regrets' as Ford shareholders cheer himAuto News

Ford CEO Alan Mulally, presiding over his final annual meeting, said today he has 'no regrets' about his eight years leading the automaker's turnaround and gave a vote of confidence to his successor.



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North America, Europe demand boosts Magna's Q1 profitAuto News

Canadian auto parts maker Magna International said quarterly net profit rose nearly 7 percent as demand improved in North America and Europe, and the company raised its production sales forecast for the regions.



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Visteon Q1 revenue up 7% as vehicle demand risesAuto News

Visteon reported a 7 percent rise in first-quarter revenue as higher vehicle production boosted sales of its climate control products.



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Used-vehicle prices rise on strong retail demand, fewer off-rental unitsAuto News

Strong retail demand for used vehicles helped lift wholesale prices of used cars and trucks in April, defying market expectations, the nation's largest auction company said.



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Toyota fourth-quarter earnings hit by U.S. settlementAuto News

Toyota's settlement with the U.S. government over unintended acceleration claims contributed to a 5 percent decline in fourth-quarter net income, but the automaker still achieved record full-year profits.



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Toyota forecasts profit drop on Japan slump, yen Auto News

Toyota forecast profit will fall from last year's record as demand slumps in Japan, competition intensifies in the United States and the yen is no longer the boon it used to be.



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