Author: Automotive News Breaking News Feed

Tesla, stung by higher levies on U.S. vehicle exports to China amid a trade ward between the countries, lowered prices on the Model S and Model X by 12-26 percent to make the vehicles more “affordable” in the world’s top auto market.

Nissan’s board voted to remove Carlos Ghosn as chairman and representative director, coming another step closer to ejecting the storied auto executive from the Japanese carmaker he once rescued from near bankruptcy.

Carlos Ghosn is being held at Tokyo’s detention center that is known for its austere regime, in stark contrast to the top executive’s usual luxury lifestyle.

Nissan’s directors vote within a matter of hours on the remarkable move to oust Chairman Carlos Ghosn.

Germany’s Volkswagen has struck a deal with U.S. semiconductor maker Broadcom , ending a billion-dollar patent lawsuit that pitted the carmaker against its supplier, a source close to VW said.

America Honda is recalling 107,000 Odyssey minivans in the U.S. over a latch malfunction that may cause the power sliding door to open when the vehicle is in drive.

During his time at the helm of Nissan, Carlos Ghosn earned a lot more than his Japanese peers — but not nearly as much as other global auto leaders.

The California New Car Dealers Association is asking Ford CEO Jim Hackett to cease anti-dualing policies in California that could affect about 33 dual Ford-Lincoln dealers in the state.

Wells Fargo is fighting to shut some customers out of a sweeping plan to compensate around 600,000 drivers it pushed into car insurance they did not need, according to court documents.

It’s too soon to call it a trend, but third-quarter subprime auto originations rose from the year earlier for the first time in more than two years, the Federal Reserve Bank of New York and TransUnion said in separate reports last week.