May Auto Sales Bolster U.S. Economy
Higher discounts at some automakers, rising pickup truck sales and increasing consumer confidence pushed up car sales in May, giving the overall economy a shot in the arm.
automotive industry
GM Shares Top Level Not Seen Since 2011
Shares of General Motors reached an important milestone on Friday, topping their initial public offering price of $33 for the first time in more than two years.
Chrysler Recalls 469,000 Jeep SUVs That May Roll Away
Chrysler is recalling 469,000 Jeep SUVs worldwide because they can shift into neutral without warning on startup.
Toyota's Comeback Gains Momentum
Toyota's quarterly profit more than doubled in its latest quarter as cost cuts and better sales worked with a weakening yen to add momentum to the automaker's comeback.
Subaru to Expand Indiana Factory, Add 900 Jobs
Subaru said Wednesday it is investing $400 million to expand its Indiana factory and will add 900 workers to build the Impreza small car there in 2016.
GM Profit Hit by Lower North American Earnings
General Motors' net income fell 14 percent to $865 million in the first quarter, weighed down by losses in Europe and weaker earnings in North America.
Ford Adding 2,000 Workers at Missouri Truck Plant
Ford says it's adding 2,000 workers to a plant in Missouri that makes the F-150 pickup because of surging U.S. truck demand.
GM Boosts CEO Pay 44%; Gov't Still Owns 16.4% Stake
General Motors boosted Chairman and CEO Dan Akerson's pay package by 44 percent last year, as the value of his stock awards significantly increased.
Toyota to Build Lexus Sedan at Kentucky Plant, Add 750 Jobs
Toyota will start building the Lexus ES 350 at a factory in Georgetown, Ky., starting in 2015, and add 750 jobs.
Toyota Passes Milestone in Selling 5 Million Hybrid Cars
Toyota's global sales of gasoline-electric hybrid vehicles have surpassed 5 million in a milestone for a technology that was initially greeted with skepticism.
GM Recalls 34,000 Vehicles for Transmission Problems
General Motors is recalling nearly 34,000 Buicks and Cadillacs in the U.S., Canada and elsewhere to fix a problem with the automatic transmissions.
Ford CEO Alan Mulally's Pay Fell 29% in 2012
Ford CEO Alan Mulally's pay fell nearly 30 percent to $21 million last year, dragged down by heavy losses in Europe and lower market shares in the U.S. and elsewhere.
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.
GM Design Whiz Bob Lutz Is Retiring
The man largely responsible for reviving General Motors' image as a maker of innovative automotive designs is calling it quits, the company said Wednesday. After 47 years in the automotive industry, Bob Lutz, 78, will step down May 1 from his posts as vice chairman and senior adviser.
