DETROIT Americans are hanging on to their cars and trucks longer, pushing the average age of vehicles on the road to the highest level in nearly 20 years even before the coronavirus hit, according to new data from IHS Markit Ltd .
U.S. auto dealer chain AutoNation Inc reported a nearly three-fold rise in quarterly profit on Thursday due to lower expenses and a one-time gain on its investment in online used-car retailer Vroom.
FRANKFURT/BEIJING/DETROIT Tesla Inc's rapid rise to become the world's most valuable carmaker could mark the start of a new era for the global auto industry, defined by a Silicon Valley approach to software that is overtaking old-school manufacturing know-how.
DETROIT Self-driving car company Waymo LLC and Fiat Chrysler Automobiles NV are expanding their autonomous vehicle partnership to commercial vehicles, and Fiat Chrysler will develop fully self-driving vehicles exclusively with Waymo going forward, the companies said on Wednesday.
DETROIT Ford Motor Co on Monday rolled out the product and marketing strategy for its new family of Bronco SUVs designed to take a bite out of Fiat Chrysler Automobiles' profitable Jeep franchise.
DETROIT Ford Motor Co on Thursday unveiled the next generation of its F-150 pickup in an online event, showing a truck with a familiar look but that incorporates the automaker's new strategy for profiting from software and connectivity.