Sales

U.S. Car Sales Grows Slowed to 2% in June

Sales of passenger cars and light trucks in the U.S. grew 2% to 1.51 million last month in June, Autodata Corp. reports. The annualized pace of deliveries fell to 16.7 million units from 17.5 million in May and 17.0 million units in June 2015.

Sales

U.S. Car Sales Grows Slowed to 2% in June

Sales of passenger cars and light trucks in the U.S. grew 2% to 1.51 million last month in June, Autodata Corp. reports. The annualized pace of deliveries fell to 16.7 million units from 17.5 million in May and 17.0 million units in June 2015.

People

Takata's CEO to Take 30% Pay Cut

Shigehisa Takata, the president and CEO of beleaguered airbag supplier Takata Corp., has agreed to take a 30% pay cut over the next 12 months in recognition of the company’s rising airbag inflator recall costs.