Benjamin Reeves

July US car sales diverged for American manufacturers Ford and Chrysler, the first two carmakers to report sales for the month.

Ford Motor Company (NYSE: F) reported U.S. July car sales were down 4 percent compared to the year before due to weak fleet sales.

Chrysler Group LLC, a subsidiary of Italian Fiat SpA (Milan: F), reported its best July U.S. car sales since before the recession Wednesday.

General Motors Company (NYSE: GM) is expected to report profits down 51.7 percent for the second quarter of 2012 as the company continues to slog through an uphill battle to restructure its loss-making European Opel-Vauxhall unit and to sell through high levels of North American inventory.

Big spending is alive and well at Saratoga, and it's part of why people keep coming back.

The 2012 Aston Martin V8 Vantage is the coolest car on the road, a fighter-jet dressed up in a tuxedo.

Ford Motor Company (NYSE: F) is recalling 485,000 model-year 2001 to 2004 Escape crossover SUVs, owing to a risk of unintended acceleration from stuck throttle pedals, according to the Detroit Free Press.

Facebook Inc. (Nasdaq: FB), the world's largest social networking platform, is expected to post a profit in its first quarter as a publicly traded company following revenue growth in the April-through-June period.

Toyota Motor Corporation continues to shift production to North America to compensate for the strong value of the yen versus the dollar. The company announced a 30,000 vehicle manufacturing expansion in Canada, Tuesday.

Ford Motor Co. (NYSE: F) profits are expected to fall precipitously for the second quarter of 2012 compared to the same time last year, largely due to continued losses abroad, particularly in Europe.

Tesla Motors Inc. (Nasdaq: TSLA) is expected to report second quarter 2012 earnings sharply lower than the previous year as the company waits for revenue from the recently launched Model S and from a new partnership with Mercedes-Benz to have a positive impact later in the year.

The relationship between Microsoft's Turn 10 studios and Meguiar's car care has proven to be a beneficial symbiosis for seemingly strange bedfellows in radically different industries.

Honda Motor Company (NYSE: HMC) is recalling 166,609 model year 2012 CR-V and 12013 Acura ILX vehicles in the U.S., a number which could swell to as many as 321,453 vehicles globally, according to Automotive News Thursday. Honda declined to comment on the price of the fix.

The legendary German Nurburgring racetrack is bankrupt after pouring millions into an amusement park.

Ford Motor Company (NYSE: F) is making moves to expand production in India to feed a growing export market in the company's Asia Pacific and Africa region.

Tesla Motors Inc. (Nasdaq: TSLA) received mixed ratings from analysts on Wednesday as Wunderlich downgraded shares of the electric car manufacturer to sell while Jefferies Group and Maxim Group reaffirmed their buy rating on the company despite reports of delayed Model S deliveries.

Taxes may rise modestly for average Americans and more sharply for wealthier citizens as a result of the Patient Protection and Affordable Care Act (ACA), also known as Obamacare.

Tata Motors Ltd. (Bombay: 500570) is looking to its UK luxury car unit, Jaguar Land Rover, to drive global sales growth particularly in emerging markets like Brazil by shifting production of the Freelander out of the UK to free up assembly line space for the popular premium model, the Range Rover Evoque.

Ford Motor Company (NYSE: F) joined Toyota in recalling cars because the carpeting got in the way. Ford is recalling 8,266 brand new 2013 Escape cars because the carpet can get in the way and make it hard to put on the brakes.

The credit default swaps (CDS) market is pricing in a probable default by PSA Peugeot-Citroen (Paris: UG) as the company struggles with the French government to shed 14,000 jobs and close a plant to cut costs and ensure the survival of the troubled European automaker.

Student-loan debt levels are rapidly rising and recently topped $1 trillion in the U.S.. And communities in Kansas and New York are using the bait of paying off this debt to lure educated residents who they hope will help improve the economic, cultural, and social conditions of their respective regions.

Reported incidents of discrimination by Apple Store employees against people of Iranian descent are increasing, raising the likelihood that what appeared to be a few cases of prejudice may turn into a legal and diplomatic scandal. Further, the company's virtual non-response to the reports exposes it to being played by Tehran, which has already become involved.

General Motors Company's (NYSE: GM) dual European brands, Opel and Vauxhall, released Wednesday the first teases of the new ADAM city car, which seems to have been designed to compete directly with the popular Fiat 500 and BMW's Mini.

Al Capone's iconic bulletproof V8 Cadillac will be put on the auction block by RM Auctions in Plymouth, Mich. On July 28, in advance of the Concours d'Elegance of America, the famous gangster's green Caddy is expected to fetch upwards of $500,000, if recent history is taken as a guide.

American businessman Christopher Cox banged up a $31 million 1962 Ferrari 250 GTO in an accident near Le Mans, France, that left his wife with a broken leg, reports said Tuesday.

It's common knowledge that parking in New York is a miserable experience. Finding spots can be frustrating, parking is expensive, street-side parking notices are inscrutable and you have to move your car often.

The Wall Street Journal (Nasdaq: NWSA) and AOL Inc.'s (NYSE:AOL) Huffington Post spar over the facts surrounding recent allegations that Apple Inc. (Nasdaq: AAPL) employees have denied sale of iPads to Farsi speakers.

BMW AG (Frankfurt: BMW) will increase Mini production in a big way with a £250 million ($387 million) investment over three years in UK manufacturing, the BBC reported Monday.

All major automakers posted big gains in pickup truck sales in June, usually a slow month for pickup truck sales, as contractors replaced old trucks because of a rebound in construction and new home starts.