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News:

Tesla profit streak ends as woes mount

Tesla CEO Elon Musk warned investors the EV maker, facing slower U.S. sales and rising capital outlays overseas, expects to lose money again in the second quarter but return to profitability in the third quarter. In one positive sign, automotive revenue rose 36 percent to $3.7 billion in the first quarter. ...


Nissan names Cousseau head of U.S. sales amid N.A. management shuffle

Former Nissan Mexico President Airton Cousseau will take over U.S. sales and marketing effective July 1, Nissan said. ...


Lithia posts record-high revenue, net income gain in Q1

Even as its new-vehicle sales slowed and new-vehicle margins tightened, Lithia Motors Inc. reported a gain in net income and record-high revenue in the first quarter. ...


New book details the final days and legacy of Sergio Marchionne

A new book from a longtime Italian journalist who covers Fiat details the final days of the late Fiat Chrysler Automobiles CEO Sergio Marchionne -- and some of the behind-the-scenes drama that took place last year atop the automaker.  ...


Infiniti names Jeff Pope to run N.A. business

Jeff Pope has been named Infiniti Americas group vice president. Pope, a 13-year Infiniti veteran, will run the brands North America business and oversee its strategic direction. ...


Speedway Motorsports founder Bruton Smith seeks $734M buyout

Speedway Motorsports founder Bruton Smith proposed to buy out the company for about $734 million, a move that would take the U.S. racing-track owner private after almost a quarter century. ...



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