S&P trims U.S. auto sales forecast on slowing demand, BrexitAuto News

SandP Global Ratings cut its estimate for U.S. auto sales this year to 17.5 million vehicles from 17.8 million, citing slowing demand from individual buyers and the effect on the nation's economy from U.K. voters' decision to leave the European Union.

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NHTSA launches probe of Tesla Model X accidentAuto News

The National Highway Traffic Safety Administration is investigating a July 1 crash in Pennsylvania of a Tesla Model X "to determine whether automated functions were in use at the time of the crash," the agency said Wednesday.

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Brexit Brings Uncertainty For Automakers, Suppliers, Consumers (7/6/16)

Brexit brings uncertainty for automakers, suppliers, consumers; Tesla turnover continues; VW escapes...
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Average mpg of new vehicles sold in U.S. slips in June, study saysAuto News

The average fuel economy of new cars and light trucks sold in the U.S. in June was 25.3 mpg -- down 0.

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Cars aren't affordable, study findsAuto News

The average cost of a new vehicle is too high for the median-income households in each of the 50 largest U.S. cities, a study by Bankrate.com found.

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VW escapes cheating fines in Germany as payout pressure mountsAuto News

Volkswagen AG is set to escape fines from the German Transport Ministry after cheating on emissions tests for years, despite growing public ire over the lack of compensation for European owners of tainted vehicles.

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Autonomous cars need lidar to be safe, says ZF chiefAuto News

Self-driving cars will need multiple detection systems including expensive infrared "lidar" technology if they are to be safe at high speeds, the CEO of German auto supplier ZF Friedrichshafen said today.

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Tesla product tech VP moves to FacebookAuto News

A top Tesla executive has been nabbed by Facebook to work at its new Building 8 research lab, the latest executive departure at the electric-car maker.

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VW, LG Electronics to co-develop connected-car platformAuto News

South Korea's LG Electronics said today it will work with Volkswagen AG to jointly develop a connected-car platform to enable vehicles to communicate with external devices.

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TI Automotive IPO could be delayed by BrexitAuto News

The planned stock market listing of UK auto parts supplier TI Automotive, a potential $3.3 billion deal, is facing a delay due to volatility triggered by Britain's vote to leave the European Union, people familiar with the matter said.

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Mazda issues Takata airbag recall after demand from Chinese regulators Auto News

Mazda's Chinese joint venture will recall 74,310 of its Mazda2 sedans in China to replace Takata airbags after an investigation by the country's safety regulator.

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