automobiles

U.S. November Auto Sales Show Plenty of Zip

It's traditionally one of the slowest months of the year for vehicle sales, but most automakers reported higher U.S. sales in November compared to a year ago, despite continued consumer caution about the slow economic recovery.

Ford Sales Surge 24% in November

Sales at Ford Motor rose 24% in November compared to a year ago as demand surged for a wide range of the company's products, the automaker said Wednesday. For the month, Ford said it moved 147,338 vehicles off dealers' lots, up from 118,536 in November 2009.

Trucks and SUVs Should Fuel November Auto Sales

Rising confidence among U.S. consumers is expected to translate into healthier numbers for the nation's automakers when they report November sales figures Wednesday. Domestic automakers fared better than their foreign counterparts as sales rebounded further from last year's anemic levels, according to analysts.

Ford Accelerates Growth in China

Ford, which expects 70% of its sales growth to come from Asian-Pacific and African markets in the next decade, plans to open 100 dealerships in China this year.

Toyota Asks Court to Toss Unintended Acceleration Lawsuits

Toyota is asking a federal court in California to dismiss lawsuits claiming that electronics -- not floor mats or sticky gas pedals -- are the cause of unintended acceleration in its vehicles, saying plaintiffs have not proved there's a design defect in the vehicles' electronic systems.

Obama Praises GM Bailout as Shares Gain 4% in IPO

Following General Motors' historic return as a publicly traded company Thursday, President Obama said the U.S. government, despite the many critics, is on track to more than recoup the nearly $50 billion it invested in the Detroit automaker.

GM's IPO: Recovery -- Not the End of the Road

Considering where the iconic carmaker has been in recent years, the pending IPO -- and robust investor demand for shares -- is a remarkably positive step. But GM still has plenty of problem spots that will need fixing if this historic event is to have lasting meaning.

GM to Raise Its IPO Price Range

General Motors may raise its price range and offer more shares than previously expected in its initial public offering Thursday.

GM IPO Isn't Closing Early, Goldman Sachs Says

Goldman Sachs Group won't stop taking orders for General Motor's initial public offering at noon Friday, the investment banker now says, despite an email sent by the bank to clients on Thursday that said it would, Dow Jones Newswires reports.

GM Earnings Preview: A Third Straight Profit?

After reporting a $4.3 billion loss during the last half of 2009, General Motors saw two positive quarters during the first half of the the year and is expected to report a third profitable quarter Wednesday.

Ford Shares Hit Six-Year High on Solid Sales Report

Stock in Ford hit levels not seen since the summer of 2004 Thursday, a day after the Dearborn, Mich., automaker reported solid sales for the month of October. The stock rose as much as 4.3% to $15.83 a share in morning trading on Wall Street.

October Car Sales Point to an Auto Rebound

Buoyed by consumers' increased confidence in the U.S. economy, automakers with few exceptions reported higher sales of cars and trucks in the U.S. during October compared to a year ago.

Toyota Wants Lawsuits Thrown Out

=Toyota has asked a federal court to dismiss lawsuits seeking damages related to the recall of millions of vehicles for possible unintended acceleration. The automaker has a simple argument: No one has ever demonstrated what is wrong with Toyota's cars, if anything.

October Auto Sales: Is the Market Improving?

Automakers on Wednesday are expected to report a mixed picture for October: mostly better than a year ago, but down slightly from September. Still, the pace appears strong enough that the upper end of full-year sales forecasts of 11.5 million to 12 million units is reachable.

Chrysler May Soon See More Federal Aid

In addition to state tax credits from Michigan -- and the billions of dollars already loaned it by U.S. taxpayers in the form of last year's bailout -- Chrysler may soon get approval for billions more in loans from the Department of Energy.

GM Vehicles Rise in Consumer Reports' Latest Quality Survey

Although Honda and Toyota remain the benchmark of reliability in the U.S. automobile industry, General Motors has made considerable strides in improving the quality of its cars and trucks, according to the magazine's 2010 Annual New Car Reliability Survey.

BMW Recalls 150,000 Cars for Faulty Fuel Pumps

BMW's North America unit is recalling about 150,000 cars and sports-utility vehicles in two separate actions to fix faulty fuel pumps that could cause the vehicles to lose power, the German automaker said Tuesday.