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The used car retailer terminated former CEO William D. Nash in November after lagging sales and a slump in the stock had erased more than half of CarMax’s market value in a year. 

Ford is planning to launch five new models priced under $40,000 by the end of the decade in a gambit to offer more affordable vehicles as the average cost of new cars tops $50,000 in the U.S.

Michelin plans to buy back as much as $2.4 billion worth of shares, as the French company seeks to keep investors on side with its tire business under pressure.

The House Commerce, Manufacturing and Trade Subcommittee approved the Preventing Auto Recycling Theft Act, which would require new vehicles to have an ID number stamped onto converters.

Paccar is set to unveil two engine platforms ahead of the introduction of tighter Environmental Protection Agency nitrogen oxide emissions in 2027, senior executives said Feb. 10.

Alleged multistate diesel fuel thieves have been arrested in one criminal ring that purportedly used cloned credit cards, while another operation involved hacking into truck stop pumps.

Although zero-emission technologies are available, fleet operators also can achieve significant progress toward decarbonization through pragmatic, intermediate steps to improve efficiency.

An unexpected change in tariff provisions cost Ford about $900 million in savings it expected last year, Chief Financial Officer Sherry House told reporters on Feb. 10.

The Securing Accessible Functional Emergency Exit Act, or SAFE Exit Act, was forwarded to the full committee during a markup session on Feb. 10 by the House Committee on Energy and Commerce.

A White House official, speaking on condition of anonymity because they were not authorized to speak publicly, confirmed the plans, which were first reported by The Wall Street Journal.