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CarMax to furlough 15,500, slash exec pay, other costs

The furloughs are effective April 18, and CarMax CEO Bill Nash is forgoing 50 percent of his salary as the used-car retailer moves to preserve cash. About half of the company's 217 U.S. stores are ether closed or operating on a limited basis.

Auto trade group Here For America names first CEO

Policy veteran Jennifer Safavian previously was executive vice president for government affairs at the Retail Industry Leaders Association.

Japan automakers cutting off pay to 32,000 North American workers

Toyota said it will continue to provide benefits for about 5,000 temporary agency workers, and they may be eligible for unemployment.

Mercedes grabs lead in U.S. luxury race as crisis hammers sales

Mercedes-Benz delivered 67,746 vehicles, excluding commercial vans, in the first quarter, down 4.8 percent from a year ago.

FCA recalls 365,000 vehicles over rearview camera display issue

A software error on several FCA vehicles causes the rearview image to stay on the screen for more than 10 seconds after the vehicle has been shifted out of reverse. Recalled vehicles included the hot-selling Ram pickup. 

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