Dealers representing 117 new-car franchises are suing TrueCar for more than $250 million, claiming they are victims of false advertising and unfair competition.
from Automotive News Breaking News Feed http://ift.tt/1KN65K0
The death toll from GM's defective ignition switch has risen by seven fatalities from a week earlier to 64, the administrator of the company's compensation fund said Monday.
from Automotive News Breaking News Feed http://ift.tt/185odgt
VW will invest around $1 billion to expand its Puebla, Mexico, plant to produce a longer, redesigned Tiguan compact crossover. The investment will cover new high-technology assembly lines and will generate some 2,000 jobs.
from Automotive News Breaking News Feed http://ift.tt/1wkR0so
Fiat Chrysler Automobiles is facing a burgeoning recall problem with ignition switches that is similar to the troubles faced last year by General Motors.
from Automotive News Breaking News Feed http://ift.tt/1AaC78u
General Motors said today that it will buy back $5 billion in shares by the end of 2016 and return "all available" free cash flow to shareholders, a move that sidesteps a proxy battle with activist investor Harry Wilson.
from Automotive News Breaking News Feed http://ift.tt/1wjt4FT
Fiat Chrysler Automobiles is doing a second recall of 703,000 minivans and SUVs with a defective ignition switch that can rotate out of position, similar to the faulty General Motors part tied to dozens of deaths.
from Automotive News Breaking News Feed http://ift.tt/18utLkD