Net soars at ADESA's parent on tax gainsAuto News

Net income at KAR Auction Services, ADESA's parent, soared in the fourth quarter because of a special gain related to the changes in federal corporate taxes.

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NBA All-Star Weekend boosts Autotrader's new siteAuto News

Autotrader took advantage of its long-standing NBA sponsorship to promote its redesigned website and set a record in online traffic during All-Star Weekend.

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VW bid to delay first U.S. diesel emissions trial rejectedAuto News

A Virginia judge rejected a request by VW to delay several of the company's trials over excess emissions because of "inflammatory" comments made by a lawyer representing car owners.

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Tesla's Delay Could be Chevy Bolt's Gain (2/20/18)

Tesla’s delay could be Chevy Bolt’s gain; Beating Benz, BMW; Marchionne gets $12M in...
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Toyota recalls Tundra, Sequoia for seat and traction-control issuesAuto News

Toyota will recall 8,800 Tundra pickups from the 2017 model year for a seat problem, and 65,000 2018 Tundras and Sequoia SUVs for a glitch that could turn off stability control and other systems.

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Marchionne collects $36 million stock award, $12 million in base payAuto News

FCA CEO Sergio Marchionne collected shares valued at about 29 million euros ($35.7 million) for the three-year period ended in 2016, according to the Italian-American automaker's 2017 annual report.

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Deadly cobalt mines linked to child labor thrive in rush for EV batteriesAuto News

The appetite for electric cars is driving a boom in cobalt production in the Democratic Republic of Congo, where some mines have been found to be dangerous and employ child labor -- a concern for carmakers from Volkswagen to Tesla.

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GM plans to build 2 new models in South Korea, says lawmakerAuto News

General Motors plans to produce two new models in South Korea, a local lawmaker quoted GM executive Barry Engle as saying at a meeting with South Korean members of parliament.

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