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U.S. New Vehicle Sales Drop in July

DETROIT — Major automakers on Wednesday reported lower U.S. new vehicle sales for July amid steep declines in passenger cars, except Fiat Chrysler Automobiles NV (FCA), which said its sales climbed 6 percent. U.S. consumers have been shifting away from traditional passenger cars in favor of larger, more comfortable SUVs …

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VW says new emission tests pose major threat

Global trade tensions have put automakers under pressure. But Volkswagen says new emission tests in Europe pose the biggest threat to its business. “We cannot rest on our laurels because great challenges lie ahead of us in the coming quarters — especially regarding the transition to the new … test …

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