U.S. vehicle loan terms hit record in Q1

The average length of loans for new and used vehicles in the United States in the first quarter hit record highs, and nearly 30 percent of new-vehicle loans have pay-back periods longer than six years, Experian Automotive said in a report issued...

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GM ignition-switch death toll inches up to 109

The death toll from General Motors' defective ignition switches is up to 109, the office administering GM's compensation fund said.

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FCA shift leaves Hyundai-Kia, Mitsubishi with 100,000-mile warranty

Fiat Chrysler's decision last week 5/27 to reduce its limited powertrain warranty coverage by 40 percent brings it in line with its Detroit-based competitors.

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New car, truck loans reach longest term on record

The average length of loans for new and used vehicles in the U.S. in the first quarter hit record highs, and nearly 30 percent of new-vehicle loans have pay-back periods longer than six years, Experian Automotive says.

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GM plans $119M upgrade of components plant

General Motors plans to invest $119 million to add new tools and equipment at its components plant in Grand Rapids, Mich., as part of the automaker's plan to spend $5.4 billion on its U.S. operations.

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A123 to double lithium-ion battery capacity

A123 Systems LLC plans to double capacity of the batteries produced at its three lithium-ion battery plants in a $200 million investment.

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VW Jetta leases as cheap as iPhone plans show company's U.S. travails

The $89 a month it takes to lease a Jetta at some U.S. dealerships is about as low as the price of using an iPhone on some cell phone plans. It's also a sign of how Volkswagen is grasping to turn around its fortunes in the U.S.

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