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Deloitte interviews 677 'millenials,' concludes they're broke

Until artisanal, sustainable, locally sourced craft-beer bars can upend themselves from their Brooklyn brownstones and directly to your Park Slope loft entrance, it turns out that today's youthful generation will still need to buy cars to get places. In fact, they might even be picky about what they spend time in, which means that young people, even "millennials," are doing research on cars and forming their own opinions as smart consumers. Hey, doesn't that sound familiar?

Who's Where: Ralph Gilles to become Vice President of Design at Chrysler

The retirement of seasoned Chrysler designer Trevor Creed has opened the doors for Ralph Gilles, who has been appointed Vice President of Design starting September 1 this year. In his new position, Gilles will be responsible for all activities of Chrysler's Product Design Office and will report to Frank O. Klegon, Executive Vice President of Product Development.

Used-car shoppers should watch out for potential flood damage

Heavy spring rains swelled rivers such as the Mississippi and flooded numerous towns. You might have stayed dry, but there's still a risk of being affected--if you wind up with a flood-damaged car. Large sections of the Midwest and the Southeast flooded because of heavy winter snow and an especially wet spring.