News - Auto News


Like EVs, rockets and tunnels, Tesla's Musk goes big with household finances

Elon Musk, who has routinely used his shares in Tesla to obtain personal loans, recently took out $61 million in mortgages on five properties in California.

FCA sets $14M compensation target for CEO Manley

Fiat Chrysler set an annual compensation target for CEO Mike Manley consisting of pay, cash and equity bonuses of $14 million, the automaker disclosed in a regulatory filing.

Jim Englehart, former product development chief at Ford, dies at 82

Jim Englehart helped bring many of today's most popular pickups and SUVs to market, such as the F-150, Ford Explorer and Ford Expedition.

Trump says he expects to meet China's Xi soon on trade

President Trump said that because of the progress being made with China in trade talks, this week's round of negotiations had been extended. He said if the two countries reached a deal, tariffs would not need to rise.

VW's diesel troubles intensify after German court setback

VW faces the prospect of compensating thousands of owners of tainted diesel vehicles after Germany’s top court undercut the automaker’s defense strategy that its cheating software was legal in Europe.