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AAA: Thanksgiving travel to go up

Wed, 18 Nov 2009 19:32:39 GMT

A leading auto organization is projecting a 1.4 percent increase in Thanksgiving travel this year, although fewer people will travel by air due to budget concerns, reduced airline capacity and added charges.

Black Friday may be best day to buy car

Wed, 18 Nov 2009 18:06:01 GMT

If you missed out on Cash For Clunkers, you might be able to look forward to another day for big car discounts -- Black Friday.

Consumer prices up 0.3 percent

Wed, 18 Nov 2009 13:45:56 GMT

Consumer prices edged up faster than expected in October, driven higher by another increase in energy prices and the biggest jump in new car prices in 28 years.

Ford, Subaru, VW top safe vehicle list

Wed, 18 Nov 2009 12:30:31 GMT

Ford, Subaru and Volkswagen sit atop the insurance industry's annual list of the safest new vehicles, according to a closely watched assessment used by car companies to lure safety-conscious consumers to showrooms.

Tax breaks keep GM in Detroit

Tue, 17 Nov 2009 21:32:23 GMT

General Motors Co. is promising to keep its headquarters in Detroit in return for expanded state tax credits.

Retail sales rise 1.4 pct in October

Mon, 16 Nov 2009 13:44:16 GMT

Retail sales rose more than expected in October due largely to a big rebound in auto sales. But broader consumer spending remains under pressure, raising questions about the durability of the recovery.

GM: $1.2B 3Q loss; shows progress

Mon, 16 Nov 2009 12:29:13 GMT

General Motors Co. says it lost $1.2 billion from the time it left bankruptcy protection through Sept. 30, far better than it has reported in previous quarters and a sign that the auto giant is starting to turn around its business.

Source: GM to begin repaying aid

Mon, 16 Nov 2009 12:19:31 GMT

General Motors Co. will begin paying back $6.7 billion in government loans by the end of 2009 and could pay off that full amount by 2011, four years ahead of schedule.

Ford sold record number of Fusions

Thu, 12 Nov 2009 17:42:39 GMT

Ford Motor Co. said Thursday that its Fusion midsize sedan has already broken the model's annual sales record even though U.S. auto sales have dropped 25 percent.

Toyota surprises with profit

Thu, 05 Nov 2009 12:54:16 GMT

Toyota Motor Corp. announced Thursday a surprise profit last quarter and trimmed its projected red ink for the year, underlining the gradual recovery under way for Japan's giant automakers.

'Clunker' data: Truck-for-truck trades

Thu, 05 Nov 2009 11:55:07 GMT

The popular $3 billion Cash for Clunkers program mostly involved swaps of old Ford or Chevrolet pickups for new ones, according to an analysis of new federal data by The Associated Press.

Chrysler cash up, new cars introduced

Wed, 04 Nov 2009 17:27:59 GMT

Chrysler CEO Sergio Marchionne says the automaker is on firmer financial footing as it attempts to revive the company's sagging fortunes.

Germany fumes as GM ditches Opel sale

Wed, 04 Nov 2009 16:25:42 GMT

Germany's politicians fumed with anger and Opel workers canceled cost concessions and readied walkouts after General Motors Co. abandoned the sale of its European subsidiary.

Ford surprises with $1B profit

Mon, 02 Nov 2009 12:09:35 GMT

Ford, the only Detroit automaker to dodge direct government aid and bankruptcy court, surprised investors with net income of nearly $1 billion in the third quarter and forecast a "solidly profitable" 2011.

Ford has suffered less than rivals

Sun, 01 Nov 2009 23:26:21 GMT

Ford Motor Co. has been riding a wave of positive public sentiment since it steered clear of bankruptcy protection and avoided taking federal bailout money -- unlike its crosstown rivals, General Motors Co. and Chrysler LLC.

Chrysler offers live TV service

Thu, 29 Oct 2009 17:39:58 GMT

If the morning commute interrupts your regular newscast, Chrysler may have a solution — live TV in your car with news, sports and other cable channels.

GM to use govt funds for Delphi chunk

Wed, 28 Oct 2009 20:19:41 GMT

General Motors Co. will announce later this week that it will draw from its government funding to pay the cost of buying a chunk of troubled parts supplier Delphi Corp.

Ford picks China's Geely for Volvo

Wed, 28 Oct 2009 16:51:44 GMT

Ford Motor Co. has picked a consortium led by China's Geely Group as the preferred bidder to buy its Swedish Volvo Cars unit, the U.S. automaker said Wednesday.

GM seen posting sales gain

Wed, 28 Oct 2009 16:43:41 GMT

A top General Motors Co. sales analyst says the automaker is likely to post its first year-over-year monthly sales gain in October.

Fisker to build hybrids at ex-GM plant

Tue, 27 Oct 2009 17:48:50 GMT

Luxury automaker Fisker Automotive is buying a shuttered General Motors assembly plant in Delaware to produce plug-in hybrid electric cars, officials said Tuesday.

Nissan unveils new cheap, light cars

Tue, 27 Oct 2009 16:13:54 GMT

It has become a vexing, billion-dollar question for the world's automakers: How do you build small, cheap cars profitably?

Forecast: auto sales rosier for 2010

Wed, 21 Oct 2009 17:04:10 GMT

An automotive consulting firm is raising its forecast for 2010 U.S. auto sales, saying improved employment and auto lending numbers should translate to higher sales.

Auto task force shocked by GM, Chrysler

Wed, 21 Oct 2009 11:02:05 GMT

The shockingly poor financial management of General Motors and Chrysler weakened their case for a government bailout, the former head of the Obama administration's auto task force says.

Retail sales fall 1.5 percent

Wed, 14 Oct 2009 12:47:35 GMT

Retail sales declined in September by the largest amount this year as car sales plummeted following the end of the government's popular Cash for Clunkers program.

Ford, UAW reach tentative contract deal

Tue, 13 Oct 2009 14:55:54 GMT

It is a major step in the automaker's efforts to keep labor costs in line with crosstown rivals.

GM signs deal to sell Hummer brand

Fri, 09 Oct 2009 17:25:46 GMT

General Motors Co. says it has signed an agreement to sell control of its iconic Hummer brand to a Chinese heavy equipment maker.

Delphi out of bankruptcy after 4 years

Tue, 06 Oct 2009 21:22:35 GMT

Auto supplier Delphi said Tuesday that it has completed a deal with its lenders to allow it to exit bankruptcy protection nearly four years to the day it filed for Chapter 11.

Chrysler splits Dodge into two

Mon, 05 Oct 2009 14:32:30 GMT

Chrysler's new Italian management has decided to split the Dodge brand into two groups, one focusing on Dodge Ram trucks and the other on cars and minivans, the company announced Monday.

Auto sales hit post-Clunker hangover

Thu, 01 Oct 2009 17:30:21 GMT

GM, Ford and Chrysler reported September sales declines on Thursday, revealing a tough hangover from this summer's Cash for Clunkers buying spree.

GM: No Saturn layoffs expected

Thu, 01 Oct 2009 11:23:17 GMT

For those who expected General Motors' once-funky Saturn brand to live on with a new owner, there has been a sad twist. Saturn, once billed as a different kind of car company, appears as dead as Pontiac and Oldsmobile.