Japanese Automakers Recall 2 Million Cars For Defective Airbags
Four Japananese automakers recall more than 2 million vehicles worldwide for a problem with air bags that may burst, sending plastic pieces flying.
auto industry
Housing Recovery Helps Boost March Auto Sales
U.S. sales of sport-utility vehicles and pickup trucks jumped in March, spurred by rising home prices and an increase in housing construction, major automakers report.
Automakers Expected to Report Highest U.S. Sales Since 2007
Automakers are expected to report Tuesday that U.S. car and truck sales hit their highest level in nearly six years in March.
GM's 2012 Performance Slips Amid European Woes, Lower Market Share
General Motors' earnings and market share were down in 2012 despite a better year for car sales in the U.S., a combination that soured Wall Street on the automaker's fourth quarter and year-end earnings report.
Hurricane Sandy Boosts Car Sales in November
The auto industry wins the silver lining award from the affects of Hurricane Sandy: November car sales jumped 15 percent on strong demand from people replacing cars destroyed by the storm, Americans feeling more confident in the economy, and an easier access to credit.
Could GM Ever Fail? Yeah, It Could Happen
GM has been cleaning up its act and has the profits to show for it. But the competition has never been stiffer, all over the world, and GM's cars will have to be top-notch to assure the success of a turnaround.
Hyundai and Kia See Accelerating Sales in September
Hyundai and its stablemate Kia have been taking U.S. auto market share gradually for more than two decades. Lately, though, those chunks have gotten bigger. The South Korean car makers' sales are expected to surge almost 25% in September compared to the same month year ago.
Toyota Prius Sales Hit New Milestone in U.S.
Toyota's recent recall woes may have pushed its U.S. sales lower during the past year, but they haven't stopped one popular model from setting a new milestone: The fuel-efficient Toyota Prius hybrid recently surpassed 1 million sales in the U.S.
UAW Head Uses Ford CEO's Big Payday to Rally Union
When Ford awarded CEO Alan Mulally more than $50 million in compensation for 2010's record profit it raised eyebrows around Detroit. Now, the UAW is using that big payday as a rallying point for members as it starts negotiations to regain some of what autoworkers gave up in concessions during the downturn.
UAW Readies for Key Contract Talks
UAW delegates will gather next week in Detroit, as the union works out a strategy to negotiate with domestic automakers for a new four-year contract. The current pact expires in September, and with auto sales rebounding the UAW is eager to win back some concessions.
Toyota to Keep Japanese Plants Idle Into Next Week
The Japanese automaker has extended its halt on vehicle production at its plants in Japan through March 22, as the country continues to reel from the devastation of last week's massive 9.0 earthquake and ensuing tsunami.
Earthquake's Effects Rattle Japan's Carmakers
Toyota, Nissan and Honda, among other companies, have shut down plants temporarily in Japan in the wake of Friday's earthquake and tsunami. While many of their factories were undamaged, crippled nuclear plants are causing power shortages, and there has been damage to parts makers and transportation infrastructure.
Resurgent Ford Awards Top Two Execs $99 Million in Stock
Ford CEO Alan Mulally and Executive Chairman Bill Ford, have been awarded $56.5 million and $42.4 million in stock, respectively, in recognition for the company's stunning turnaround, which resulted in the automaker raking in $6.6 billion last year -- its best performance in more than a decade.