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Auto Industry Cruises on Slow, Steady Demand

Though vehicle sales have underperformed some analyst expectations in recent months, results are much improved compared to those of a year ago. The industry is seeing a broad trend that is benefiting nearly all automakers.

GM Recalls 4,000 Cadillac SRXs for Steering Fluid Leak

GM is recalling nearly 4,000 2010 Cadillac SRX crossovers to repair power steering lines that may get damaged and leak fluid, the automaker said Thursday. The problem has resulted in at least one fire, but GM said there have been no crashes or injuries as a result of the defect.

GM Sales Jump 10.5% in September

General Motors reported Friday that overall vehicle sales in September 2010 climbed 10.5% on a year-over-year basis, based on strong demand for its new generation of crossover vehicles. Among its four core brands -- Buick, Cadillac, GMC and Chevrolet -- GM sales rose 22%.

September Auto Sales: Don't Expect Much Sizzle

Overall demand for new cars and trucks, while better than a year ago, is likely to be lower than that recorded in August, itself an unimpressive month. That would mean auto sales are stuck in a four-month-long rut.

Dogged By Weak Economy, August Auto Sales Slump

As expected, automakers Wednesday reported sluggish sales for August. The nation's anemic economic recovery kept consumers away from dealerships, despite generous end-of-model-year incentives on the part of many manufacturers.

GM Execs Upbeat Despite Weak August Sales

GM reported Wednesday that sales fell 25% in August as the U.S. economic recovery appeared to stall and cautious consumers held back on buying cars. But despite the downturn, GM officials said they remain upbeat that the hard-hit auto industry will continue to improve in the months ahead.

August Auto Sales May Be the Worst in 28 Years

Auto sales braked sharply in August, starting out strong, then slowing to a level that may be the lowest in 28 years. The slowing economy made nervous consumers hesitant to buy, despite the bevy of end-of-model-year deals.

GM's Fate Now Rests on
Daniel Akerson's Shoulders

Akerson will need to convince shareholders that GM, which is only a year out of bankruptcy and has posted just two profitable quarters, is a worthy investment. He'll also have to make sure the carmaker's dramatic turnaround is built to last.

Valuable Freebies From Big Companies

Used predominantly as a marketing technique, free products and services come at a cost to the company offering them. Here are eight valuable freebies, what it costs companies to offer the deal and how much the customer actually receives in terms of value.

Despite a Cooler Economy, Auto Sales Warm Up

Among domestic makes, Ford Motor, General Motors and Chrysler Group all reported total increases in the single digits, but Japanese giants Toyota and Honda slipped. Beyond those, carmakers in Asia and Europe pretty much all had a solid month.

GM's Four Core Brands See a 25% Jump in July

Monthly sales at Buick, Cadillac, Chevrolet and GMC rose smartly compared with a year ago, when GM was just exiting bankruptcy. The company's new sales VP says "from our standpoint we actually see a low risk" of a double-dip recession.

General Motors' Overall Sales Rose 5.4% in July

General Motors reported vehicle sales rose 5.4% in July compared to last year, as cautious consumers continued to buy new cars and trucks. Among its four remaining core brands -- Buick, Cadillac, Chevrolet and GMC -- the Detroit auto giant said sales rose 24.6% above prior-year levels.

U.S. Auto Sales May Have Revved Up in July

Analysts' expectations are that sales rose to the highest levels of the year last month, reaching an annualized rate of 11.9 million units. Eager to make room for 2011 models on dealers' lots, automakers have hiked incentives, drawing summertime bargain-hunters.

Ford, GM Sales Surge in January as Toyota Tumbles

Ford Motor and General Motors, the two largest U.S. auto makers, reported higher sales in January, as consumers steered cleared of the showrooms of the companies' nearest Japanese competitor, Toyota Motor, which is mired in massive recall involving millions of vehicles.

GM Considers Reopening Closed Plants

Strong demand for some General Motors models is causing the Detroit auto maker to consider reopening some plants it closed in recent months as GM downsized its business. Plants that build the Chevrolet Equinox, GMC Terrain and Cadillac SRX crossover vehicles and the Buick LaCrosse sedan are at capacity and can't meet demand, said Mark Reuss, GM's North America president, speaking to reporters at the Detroit auto show that got underway Monday.

Stocks in the News: Kraft, Apple, Ford

Kraft Foods boosted its offer for British candy maker Cadbury following Monday's announced $3.7 billion sale of Kraft's pizza business to Nestlé. But it remains to be seen whether Cadbury will bite on the sweetened offer. See what other news could affect stock prices today.

GM and Chrysler: A Hard Road in 2010

Once icons of American industrial might, GM and Chrysler have cut jobs, closed plants, eliminated models and shed storied brands. Racing to turn business around, both companies still have a long way to go to convince consumers their products are worthy of consideration.

GM to Spyker: No Deal for Saab

Unswayed by the latest offer from Dutch sports car maker Spyker Cars, Detroit-based GM is preparing to mothball Saab for good, The Economic Times has reported, citing a news report published Wednesday in Sweden.

GM's Saab Story Not Over Yet

After announcing Friday that it would shutter Swedish car maker Saab, GM has reportedly received several inquiries from potential buyers. One is from previously rejected Saab suitor Spyker Cars, which has submitted a revised bid that expires at 5 p.m. Monday.