News - Auto News

Ohio dealer Rhett Ricart elected NADA's next vice chairman

The National Automobile Dealers Association has elected Ohio dealer Rhett Ricart as its next vice chairman, meaning Ricart is in line to become chairman in 2020.

Paul Allen, Microsoft co-founder, TrueCar investor, dies at 65

Paul Allen, who co-founded Microsoft, a key supplier to the auto industry who used the fortune he made from the tech giant to invest in TrueCar, professional sports teams, cable TV and real estate, died on Monday. He was 65.

Why Walmart is partnering with Advance Auto Parts

Walmart announced a partnership with Advance Auto Parts that will create an automotive specialty store on Walmart.com. The news comes one day after its competing retailer Sears filed for bankruptcy.

Elon Musk, Tesla settlement with SEC over tweets approved by U.S. judge

A federal judge approved a $40 million settlement by Tesla and CEO Elon Musk with stock regulators, resolving claims that Musk misled the public on Twitter about a plan to take the company private.

Tesla, GM in line for EV boost under U.S. Senate bill

Tesla and GM, which have lobbied Congress to lift a cap on electric vehicles eligible for a $7,500 federal tax credit, could get their way for up to four years under a new proposal from a Republican senator.