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Automakers recall 1.7 million cars with fatal airbags

Subaru, Tesla, BMW, Volkswagen, Daimler Vans, Mercedes and Ferrari are recalling about 1.7 million vehicles to replace potentially deadly air bag inflators made by Takata Corp. of Japan.

Company faces $63M fine for misusing money to buy yacht, jet

Federal regulators are proposing a $63 million fine against an Ohio company they say bought a yacht and jet with money meant to help low-income people get phone and internet service.

Fiat Chrysler picks Jeep’s Manley to replace ailing CEO

Fiat Chrysler Automobile announced Saturday that CEO Sergio Marchionne's health had suddenly deteriorated following surgery and that its board of directors had chosen Jeep executive Mike Manley to replace him.

British man totals Ferrari an hour after buying it

A British driver has survived a major crash in his Ferrari, an hour after he bought it. Local police called it a "miracle escape," but the car was not so lucky.

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