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Volkswagen chairman Ferdinand Piech resigns

The chairman of Volkswagen, Ferdinand Piech, has resigned.

The German car maker said Saturday that Piech had resigned because an environment of trust "no longer exists" within the company's board.

Volkswagen has been dealing with a period of turmoil…

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GM's Mary Barra makes way more than last guy in the job

GM is turning gender pay inequality on its head.

Mary Barra, first female CEO of GM, got paid $16.2 million for 2014, which is 78% more than her male predecessor Dan Akerson.

Akerson's pay had been limited by the fact that GM executive pay was…

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Tesla's Elon Musk didn't take a salary in 2014

Billionaire Elon Musk is working for free. Sort of.

The Tesla chief executive's total compensation package in 2014 was $35,360, according to a regulatory filing. That would only get you half way to buying a Tesla Model S.

But the founder of the…

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Fiat Chrysler recalling 58,833 manual Jeeps and Dodge Vipers

Fiat Chrysler Automobiles is recalling 58,833 older cars and SUVs with manual transmissions.

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Mercum Auctions

Paul Walker's 'Fast & Furious' car up for auction

A souped-up stunt car driven by the late actor Paul Walker in the first "Fast & Furious" movie is going up for auction.

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GM 1Q profit rises 8 times above a year ago

General Motors' first-quarter profit was nearly eight times higher than a year ago as U.S. consumers spent big on pickups and SUVs and the company didn't have to set aside big bucks to pay for recalls.

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VW edges GM in 1Q global sales to take at least No. 2 spot

Volkswagen Group edged out General Motors again to take at least second place in the race to be the world's top-selling automaker.

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Cadillac unveils new plug-in hybrid sedan

Cadillac will sell a plug-in hybrid version of its new CT6 full-sized luxury sedan, General Motors said at the Shanghai Motor Show.

The car will be able to drive on electricity alone for a distance compatible with "most daily commutes," GM said in a…

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