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U.S. upgrades probe into 1.33 million Ford Explorers over exhaust odors

NHTSA is upgrading a probe into 1.33 million Ford Explorer SUVs over reports of exhaust odors in vehicle compartments and exposure to carbon monoxide that may be linked to crashes and injuries.

Big U.S. auto discounts are bane to Asian automakers' profits

Asian carmakers are taking hits to their profits from having to spend more to move metal in America. Nissan and Hyundai both said higher U.S. incentives dented Q2 profits.

Wells Fargo to refund $80 million to car loan customers

Wells Fargo said it would reimburse about $80 million to 570,000 customers who may have been charged wrongly due to issues related to auto collateral protection insurance.

2017 Fiat Chrysler diesel vehicles approved for sale by regulators

The EPA and California Air Resources Board said they approved FCA's request to sell 2017 diesel vehicles with updated emissions software after months of testing.
■ FCA Q2 operating profit rises 15% on N.A., Maserati gains

Musk risks missing the mainstream if Model 3 strays from $35,000

Tesla's Model 3 handover party is Friday, but the $35,000 price tag is just a starting point. Many mainstream buyers will still find the electric sedan out of reach.
■ Tesla buyers antsy for Model 3 keys months after $1,000 deposit

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BorgWarner Q2 net income up 29 percent

BorgWarner reported a 29 percent jump in net income for the second quarter, to $212 million, thanks in part to growth in its sales of drivetrains in China.

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