Chassix gets new board, $300M in financing

Chassix Holdings, following its successful emergence from Chapter 11 bankruptcy proceedings, has secured $300 million of exit financing and named a new board of directors.

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GM's OnStar app can be hacked, reseacher says

A researcher is advising drivers to halt the use of a mobile app for General Motors' OnStar vehicle communications system, saying hackers can exploit a security flaw in the product to remotely unlock cars and start engines.

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Mitsubishi Motors' April-June net falls 15%

Mitsubishi Motors today said its fiscal first-quarter net income fell 15 percent to 23.99 billion yen, or $195.56 million, brought down by widening losses in Japan, poor performance in Europe and a drop in global factory unit sales.

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Ford engine plant reopened after bomb threat

Ford's engine plant in suburban Detroit was reopened this afternoon after the first shift was sent home earlier today because of a bomb threat.

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Tech is a key for new-car marketing, study says

Targeting techies is an important marketing strategy for automakers, according to a new study from J.D. Power. The company's 2015 U.S.

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Uber launches car leasing unit, makes entry into financial services

Uber Technologies has launched its own auto leasing subsidiary to seek more drivers, injecting the fast-growing ride services company directly into the financial services sector for the first time.

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GM pulls back on rental fleet sales, seeks better margins

General Motors will probably report weaker sales than some key rivals do in July. The largest U.S. automaker said that's because it's selling fewer vehicles to rental-car agencies -- not a lack of love in dealer showrooms.

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