News - Auto News

Studies link higher crash rates with states that legalized marijuana

The Insurance Institute for Highway Safety and the Highway Loss Data Institute said crashes in states with legalized recreational marijuana have increased up to 6 percent.

Why Wilbur Ross is upping the ante on European trade

U.S. Commerce Secretary Wilbur Ross challenged a fragile trans-Atlantic trade truce by accusing the European Union of dragging its feet over market-opening pledges.

Chase, Wells Fargo take measured approach to auto lending

Wells Fargo and Chase Auto remain cautious on auto finance, although Wells Fargo increased auto loan originations last quarter, and Chase Auto Finance has increased lease originations for its private-label customers.

Senate panel wants Hyundai, Kia to testify on engine fire reports

The Republican chairman and the ranking Democrat on the Senate Commerce Committee said they asked top U.S. executives at Hyundai and Kia to testify at a Nov. 14 hearing on reports of engine fires.

Tesla secures site for China Gigafactory

Tesla has signed an agreement with the Shanghai government for an 212-acre plot of land to build its first overseas Gigafactory.