Author: Automotive News Breaking News Feed

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.

Carlos Ghosn’s surprise arrest on allegations of financial misconduct has left Renault-Nissan car alliance board members in a bind over his future, with board members in Japan divided over whether to dismiss him as chairman and the French side…

I don’t have any insider knowledge of the financial misconduct allegations against Renault-Nissan chief Carlos Ghosn unveiled on Monday. Nonetheless, I think some points are worth remembering as the story unfolds.

U.S. prosecutors are investigating if Hyundai and affiliate Kia vehicle recalls over engine defects were conducted properly, Reuters reported.

U.S. chipmaker Nvidia has signed separate deals with Chinese electric vehicle startups XPeng Motors, Singulato Motors and SF Motors to develop autonomous driving technology.

Tensions between Nissan and Renault over the future of their alliance have exploded into the open following the downfall of Chairman Carlos Ghosn, and his top lieutenant.

Japanese authorities in Tokyo will detain Nissan Chairman Carlos Ghosn for 10 days as they also consider bringing a case against Nissan, a report said.

Santander Consumer USA, a leading subprime auto lender, will pay $11.8 million to settle claims that it misled customers about the cost and terms of auto loans and insurance.

The U.S. and China clashed at the WTO with a U.S. envoy accusing Beijing of using the WTO to pursue “non-market” policies and a Chinese official charging that Washington was flouting the rulebook.

The U.S. accused China of continuing a state-backed campaign of intellectual property and technology theft even as the world’s two largest economies have descended into a tit-for-tat tariff war.