Why Ford's picked a new ad agency for a short-term campaign

Ford has tapped Wieden and Kennedy New York for a short-term marketing assignment that comes amid its massive global agency review, the automaker confirmed.

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Ford scraps plan to import Focus Active wagon amid U.S.-China trade war

The automaker planned to import the compact crossover starting in the second half of next year but said the low-volume program wouldn't have justified rising costs due to 25 percent duties.

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GM, Cadillac pay tribute to Aretha Franklin

General Motors and its Cadillac luxury brand are paying tribute to legendary singer Aretha Franklin on the day of her funeral service in Detroit.

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EU pledges to boost auto tariffs if Trump reneges on agreement

The European Union will respond in kind if President Trump reneges on his pledge not to impose car tariffs, European Commission President Jean-Claude Juncker said as trade tensions between Europe and the United States rose again.

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Renesas Electronics weighs deal for U.S. chip maker, reports say

Japanese automotive chipmaker Renesas Electronics, looking to further expand into chips for self-driving vehicles, is considering buying U.S. chipmaker Integrated Device Technology, Reuters and the Nikkei reported.

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Lyft hires adviser in advance of 2019 IPO, report says

Lyft, the second-biggest U.S. ride-hailing company, has started the process for an initial public offering in an effort to beat Uber to public markets, Bloomberg reported, citing people familiar with the matter.

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Trump to back $200 billion China tariffs as early as next week, report says

President Donald Trump wants to move ahead with a plan to impose tariffs on $200 billion in Chinese imports as soon as a public-comment period concludes next week, Bloomberg reported.

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