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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.