AutoNation CEO calls industry overproduction the ‘old model’
U.S. automakers won’t go back to bloated output and bulging dealer lots, even after the global semiconductor shortage ends, according...
TSMC raises sales outlook, affirming global chip kingpin role
Taiwan Semiconductor Manufacturing Co. expects sales to rise more than 20% in 2021, affirming its crucial role in helping alleviate...
US consumer prices surged in June, topping all estimates
Prices paid by U.S. consumers surged in June by the most since 2008, topping all forecasts and showing higher costs...
Honda cracks down: No more returning leased cars to others’ lots
Honda Motor Co. has a rude surprise for drivers of its leased cars: No more turning in your vehicles to...
Jeep maker will plow $36 billion Into electrifying lineup
Stellantis NV plans to spend more than 30 billion euros ($36 billion) on an electrification and software strategy that will...
Chip crisis deepens with Daimler, Jaguar warning of lost sales
Daimler AG and Jaguar Land Rover became the latest carmakers to warn of crimped sales as a result of the...
US jobs jump by most in 10 months as economy gains steam
The pace of U.S. hiring accelerated in June, with payrolls gaining the most in 10 months, suggesting firms are having...
US personal spending stagnated in May as prices increased
U.S. personal spending stagnated in May, reflecting a decline in outlays for merchandise, while a closely watched inflation measure continued...
