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Elon Musk is clearing up questions around taking Tesla private, saying his claim last week that the necessary funding had been secured was based on repeated and ongoing conversations with the Saudis. “Going back almost two years, the Saudi Arabian sovereign wealth fund has approached me multiple times about taking Tesla private,” Musk said in …

The average price of a used vehicle is now at a record $20,000. Phil LeBeau reports on what’s driving the prices.

With ultra-luxury auto sales on pace for another record year, Phil LeBeau talks to Aston Martin about it’s growth plan and possible public debut.

Tesla ditches reservations, opens up Model 3 car sales to all customers in North America

The airline and auto sectors have underperformed the market as a whole, and there are concerns that will continue in the months ahead. Phil LeBeau reports.

Automakers are warning President Trump tariffs would cost consumers thousands of dollars and ultimately lead to job cuts.

The proposed U.S. tariffs on car imports will have far reaching negative implications for the whole auto industry, according to Moody’s Investors Service. The research firm said higher tariffs will cause problems across the car industry’s global supply chain. “Tariffs on imported cars, parts would be broadly credit negative for industry,” Moody’s said in a …

Phil LeBeau reports on Volvo opening a new plant in South Carolina.

Two proposals to shake up Tesla’s board as the company faces manufacturing and financial challenges were not expected to succeed.

The increase in monthly payments for new vehicles is not surprising given the rise in interest rates.

The company says drivers should not use cruise control until the vehicles have been inspected.

Tesla will begin the restructuring process CEO Elon Musk discussed on a conference call in early May.

Ford is facing the daunting prospect of seeing a major drop in the supply of its best selling and most profitable vehicle, the F-150 pickup truck.

Gas is nearing an average of $3 a gallon, but automakers don’t need to worry about truck and SUV sales yet.

Phil LeBeau reports highlight from the Beijing Auto Show.