Benjamin Reeves

Mercedes-Benz USA will stop selling its R-Class wagon, made is Tuscaloosa, Ala., in the United States and will instead focus sales of the vehicle on the Canadian, Mexican and Chinese markets, Auto Blog reported Monday.

Moody's downgraded more than $2.5 billion of Detroit's municipal debt as the city continues to struggle through a prolonged fiscal crisis and the state debates the possible installation of a financial advisory panel or an emergency manager to administer the finances of Michigan's largest city.

The Supreme Court in India reaffirmed on Monday its ruling rejecting a $2.2 billion tax claim by the Indian government against Vodafone Group Plc., and the Indian government return a 25 billion rupees, $500 million, tax deposit to the company Monday.

Deutsche Börse AG, the operator of the Frankfurt stock exchange, announced Tuesday that it will appeal the decision by European antitrust regulators to block its planned merger with NYSE Euronext, the New York Times said.

There's not a whole lot to say here besides to remark on how lucky this driver at Lonestar Motorsports Park was to not total his $89,950 MSRP Nissa GT-R. Hopefully the fortunate individual will study what went wrong with the launch and be a bit more careful in the future.

The auto maker hopes to capitalize on a shallow interpretation of the ancient tradition to sell cars, regardless of whether it makes sense to practitioners or if there's really demand.

Porsche Automobil Holding SE plans to build a plug-in hybrid edition of its Porsche Panamera sedan beginning in 2014, Auto News reported Monday.

Home builder confidence, which has been climbing for five months, hit a plateau in March, failing to post yet another gain, according to data released Monday by the the National Association of Home Builders (NAHB).

Air India Ltd. will receive a 40 billion rupee ($800 million) cash infusion from the Indian government under the new federal budget beginning April 1.

Major car manufacturers will raise prices across the board in India following a budget announcement by Finance Minister Pranab Mukherjee on Friday, Indian newspaper The Hindu reported.

China's Cinda Asset Management Corp., which was formed in 1999 to buy bad loans from Chinese banks, received 10.4 billion yuan ($1.6 billion) from four institutional investors as the state-controlled company prepares for an IPO.

Ford Motor Co. has been sued in a federal class action lawsuit for allegedly selling E and F series trucks, including its popular F-250 and F-350 Super Duty trucks, with a defect in their fuel tanks known of since 2007, a complaint filed in Federal court Wednesday said.

The euro zone may increase the lending capacity of its bailout funds to almost €700 billion, $914.6 billion, even as Spain faces increasing levels of debt, reports said Friday.

The 2012 Formula 1 season begins Friday with the first practice rounds of the 2012 Formula 1 Quantas Australian Grand Prix at Albert Park in Melbourn, with the actual race taking place on Sunday, March 18.

Greece's nearly $270 billion debt restructuring was deemed a default last week, bringing relief to creditors that had hedged their bets by buying credit default swaps. But the default declaration could send a wave of unintended consequences throughout Europe, further weakening some already-fragile economies.

Fiat S.p.A. subsidiary Maserati S.p.A. plans to increase sales by at least 900 percent by 2015, CEO Harald Wester reportedly said on the sidelines of the Geneva Motor Show 2012 where it debuted its new Maserati GranTurismo Sport last week, Auto News reported Sunday.

Subaru of America Inc. will recall approximately 275,000 Forester cars made from 2009 to 2012 because of a problem with the back-seat child restraints.

Russia's largest bank, Sberbank, plans to embark on a major sale of a $6 billion Russian government stake on April 16, Reuters reported.

Bank of Communications Co., Ltd. (BoCom) will raise $8.9 billion in a share sale to current shareholders like HSBC and the Chinese Ministry of Finance. The bank's shares were suspended on Thursday in advance of the announcement.

A new trend in luxury sedans and SUVs became apparent at the Geneva Motor Show 2012: iPads in cars. New models and concept cars from Audi, Bentley and Italdesign Giugiaro all featured some form of iPad dock in them at the show.

Ever wondered how race car drivers go to the bathroom on the Nürburgring? Well, a video has surfaced that explains one driver’s approach.

The Encyclopaedia Britannica, for nearly a quarter of a millenium the English-speaking world's singular authority on virtually all disciplines, will no longer publish a paper edition as one of the most revered icons of the pre-digital world morphs into so many gigabytes.

Lindsay Lohan drove her Porsche Panamera into a person early Wednesday morning while leaving a club in Hollywood and then drove away, TMZ is reporting.

Chicago-based Boeing Co. will pay Air India Ltd. $500 million for delays in delivering 27 of its 787 Dreamliner aircraft, a senior Indian official said Wednesday.

Dell Inc. (Nasdaq: DELL), the third-largest maker of PCs in the world, will pay about $1.2 billion for network security company SonicWall Inc. to bolster its enterprise security offerings, The Wall Street Journal said Tuesday.

The one of a kind, 1959 Troy Roadster, a street legal race car built by Wally Troy, is for sale on Ebay.

Audi AG, Volkswagen AG’s luxury unit, is in talks to buy Ducati, the storied Italian motorbike company from its private equity owner, Investindustrial Holdings Ltd., London, CAR magazine reported Monday.

TBC Corp., a unit of Japan's Sumitomo Corp., will pay $173 million in cash for Midas Inc. (NYSE: MDS), the automotive parts and repair chain based in Itasca, Ill., said Tuesday.

The U.S., the European Union and Japan will file a complaint with the World Trade Organization, which arbitrates international trade disputes, on Tuesday over Chinese export caps on rare earth minerals used in high-tech manufacturing, the Wall Street Journal reported.