Battery supplier Clarios postpones $1.8 billion IPO, report says
The former unit of Johnson Controls delayed the stock offering indefinitely because of market conditions, Bloomberg reported.
Consumer demand, inventory squeeze could last another year, Toyota's Carter says
The automaker is keeping a close watch on the Delta variant of COVID-19 and may be forced to adjust its mask policy, to keep in line with federal public health guidance.
Ford turns $561M profit in Q2, raises full-year outlook despite chip shortage
Ford said it had expected a net loss for the quarter but performed better because of strong demand, lower incentives and a favorable mix of more profitable vehicles.
GM to restart pickup output; downtime added at crossover, sedan plants
While pickup truck production is set to resume Monday, six other North American plants will take additional downtime, including Fairfax Assembly, which has been idled for nearly six months.
Sonic buys 2 Colorado dealerships, returns to Subaru brand
Sonic Automotive purchased two import dealerships in Colorado — its first franchised dealership acquisitions since 2014.