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Reuters

China’s Passenger Vehicle Sales Slump in June

Reports a 2.9% year-over-year drop in sales and the first monthly contraction since January.

Tesla Workers Shared Vehicle Videos, Report Says

Reuters expose shows employees passed around intrusive videos and clips captured by customers’ automobile cameras.

Hyundai Motor Exceeds Second-Quarter Estimates

Hyundai Motor Co reported a smaller-than-expected drop in profit on high-margin domestic sales and said, while demand should pick up soon, the pace of recovery will be slow due to the impact of the coronavirus pandemic.

Reuters: U.S. Senate Panel Plans to Scrap CFPB’s Dealer Participation Guidance

U.S. Senate Banking Committee Republican Pat Toomey said on Tuesday the panel plans to scrap the CFPB’s guidance on dealer participation and leverage lending.