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Dealers took at least $7.6B in PPP loans, saving more than 746,000 jobs

Dealers took at least $7.6B in PPP loans, saving more than 746,000 jobs

Small Business Administration data shows that three-quarters of new vehicle dealers took advantage of Payroll Protection Program loans in the second quarter of between $150,000 and $10 million.


FCA worker stabbed outside of Ram plant

FCA worker stabbed outside of Ram plant

An FCA spokeswoman said there was an altercation between two employees outside of the plant, which produces the Ram 1500 pickup.


Ghosn wired $860,000 to alleged escape plotters, U.S. says

Ghosn wired $860,000 to alleged escape plotters, U.S. says

Ghosn wired the money in two installments to Promote Fox LLC, a company managed by Peter Taylor and one of his brothers, the government said in a Tuesday court filing.


Tesla's stock rally brings Wall Street’s contradictions to light

Tesla's stock rally brings Wall Street’s contradictions to light

According to Bloomberg data, 16 analysts currently recommend selling Tesla, while 11 advise holding, and 9 say buy.


GM small cars probed by NHTSA for fuel leaks

GM small cars probed by NHTSA for fuel leaks

There are 208 owner complaints with 39 specifically noting "puddles or drips" from leaks. No injuries, accidents or fires have occurred because of the leaks.


Panasonic CEO calls Musk a 'genius' who can be 'overly optimistic'

Panasonic CEO calls Musk a 'genius' who can be 'overly optimistic'

With excessive optimism, a genius like Elon Musk can ignore what is inconvenient and run straight ahead towards his vision, Kazuhiro Tsuga said. "Compared to that vision, most things don't really matter."


Mexico auto production, exports recover sharply in June from May

Mexico auto production, exports recover sharply in June from May

The Mexican Automotive Industry Association estimated that production of light autos could fall between 28-30 percent in 2020, while exports may slide by 30-33 percent.


Ineos in talks to buy Smart factory in France to build Land Rover Defender rival

Ineos in talks to buy Smart factory in France to build Land Rover Defender rival

The company had planned to build the Grenadier SUV in Wales and Portugal before Daimler's decision to sell its French factory.


Nissan has secured $7.8B from creditors since April, filing says

Nissan has secured $7.8B from creditors since April, filing says

The automaker is shoring up its cash position in the face of falling sales due to the coronavirus pandemic.


Appeals court strikes down order for Barra, Manley to meet

Appeals court strikes down order for Barra, Manley to meet

Monday's ruling said U.S. District Judge Paul Borman failed to consider other possible remedies when he ordered GM's Mary Barra and FCA's Mike Manley to meet in person.