If you’re still driving that 2006 Ford Fusion you bought new, apparently you are not alone. Automotive data provider Polk says that the average new car buyer is now holding on to his vehicle for a whopping 71 months – almost six years. Used vehicles are being held for over

Analysts had already expected a disappointing 4th quarter, but when GM announced the results of the October – December quarter today, the results were worse than feared. Net income attributable to common shareholders was $500 million, or 28 cents a share. Analysts had expected two cents more. Strong results in

Tesla Motors is expected to release its quarterly results later today that should have a lot of financial analyzers taking shots at the Palo Alto, Cali. based electric-car maker. However, Tesla has a very strong answer for them. The company said that one day after it revealed its new Tesla

Federal prosecutors weren’t the only lawyers celebrating Monday’s announcement of a new round of guilty pleas in the Justice Department’s ongoing investigation of price-fixing and bid-rigging in the sale of automotive parts. Private plaintiffs’ lawyers who’ve filed 45 follow-on class actions in the last three months were also excited about