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.