By Marilyn W. Thompson and Paul Lienert
The top U.S. auto safety regulator harshly criticized General Motors for not promptly reporting and recalling cars now linked to at least 19 deaths and said he has been meeting with top global automakers to develop a “new normal” for safety recalls.
General Motors acknowledged on Monday that more people died in crashes linked to its faulty ignitions than the 13 it originally reported, saying 19 death claims were approved for compensation.
Volkswagen Group has Europe’s biggest company-owned dealership network even as the automaker and its rivals attempt to reduce the number of their wholly owned retail outlets.
VW owns 564 dealerships across Europe, 214 more than Emil Frey, which has the largest number of franchise points among independent dealer groups, according to data from UK-based auto retail analyst ICDP.
By Shirley Li
Beijing hosted the world’s first ever Formula E (electric motor car) race Saturday, featuring 10 teams of two drivers each weaving through a circuit around the city’s Olympic Park.
By Keith Naughton
One of Tesla’s strongest supporters on Wall Street issued a cautious report on the maker of luxury electric cars today, sending its shares skidding 9.1 percent.
