automotive industry

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.

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.

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.

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.