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Ford Motor Co. reported a net profit of $2.3 billion in the second quarter, thanks to a one-time special gain. However, the automaker continues to lose money in its operations.
Ford said Thursday its net profit was the result of a $2.8-bil...
General Motors may stop building cars at a factory it owns with Toyota in California, known as NUMMI, following the Detroit-based carmaker's bankruptcy filing Monday, Bloomberg News reports.
The only GM product the plant builds i...
NEW YORK - A judge in the same New York City bankruptcy court where General Motors will file for Chapter 11 Monday has approved the sale of Chrysler assets to a group led by Italy's Fiat.
Judge Arthur Gonzalez approved the asset transfer sa...
The Obama administration's "Kennedy moment" of announcing high-minded new Corporate Average Fuel Economy (CAFE) standards of 39 miles per gallon for passenger cars and 30...
DETROIT - While General Motors filed bankruptcy on Monday, so too did its Saturn Corp., in a move that seems to set up Saturn for a buyer and, perhaps, to first cull its dealership network.
Leasing may have been down, but it isn't out.
After all but abandoning leasing for the past year, Ford Motor Co., General Motors Co. and Chrysler Group LLC each have reported either a re-entry or expansion in the leasing business. And other...
After the sales plunge in the auto market began in earnest in the fall of 2008, automakers scrambled to reduce production schedules, sell off swollen inventories and otherwise deal with a drastically contracting U.S. market.
Now, after months of...
It's early, admit General Motors prognosticators, but November could hit a Seasonally Adjusted Annual Rate of 11 million vehicle sales, making it the highest level this year outside of the Cash for Clunker months of July and August.
GM's top...
At the request of General Motors' new chairman, Ed Whitacre, the automaker's top engineers are calling the couple hundred customers who are returning or exchanging their GM cars under the 60-day money-back guarantee policy to find out why.
Mark...
In order to prod soccer moms across the nation to plug a visit to the BMW dealership into their Blackberrys, BMW North America Inc. this week nonchalantly announced the price for its first "full" hybrid-electric vehicle, the ActiveHybrid X6: $89,725.
...
