Ally Financial warns of 'intensifying' credit challenges, shares slump
Ally Financial warned of challenges that have intensified over the quarter as borrowers struggled with high inflation.
Daily 5 report for Sept. 10: Magna pumps the brakes on a North American plant
With EV sales growth slowing, Magna says getting an automaker to commit long term is difficult.
Ex-NFL wide receiver Kevin Johnson buys Ford car dealership
Drafted by the Cleveland Browns, Kevin Johnson ended his football career in Detroit. The dealership acquisition marks Johnson’s foray into automotive retail.
NHTSA investigates mysterious fires in Jeep Wrangler and Gladiator
The Office of Defects Investigation is assessing the need for a recall that could affect more than 780,000 vehicles.
Lithia Motors enters north Florida, buys 3 dealerships
Lithia expects the stores to add more than $200 million in annual revenue.