Toyota has dethroned General Motors as the world's top-selling automaker. Though both companies' sales increased in 2012, Toyota bounced back from a manufacturing slowdown caused by Japan's 2011 earthquake to sell 9.7 million cars and trucks, while GM's sales rose just 2.9% to 9.29 million.
Ford unveiled a surprise this week: It's relaunching the Lincoln brand, and committing more than $1 billion to the effort. The renewal of the luxury brand is about more than just prestige. It's about big profits, and a push by Ford into one very big foreign market.
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.
A former General Motors engineer and her husband were found guilty on Friday of conspiring to steal hybrid technology trade secrets for possible use by Chinese carmaker Chery Automobile. Shanshan Du and her husband, Yu Qin, will be sentenced in February.
Dear Mr. President: I know you're proud of the effort made by your team back in 2009 to save General Motors. You should be. But as good as this GM thing has been for you, with the election now over, it's time to let go and direct the Treasury to sell its stake in General Motors.
General Motors on Wednesday reported a third-quarter profit that exceeded analyst expectations by a wide margin. GM's profit was less than it turned in a year ago, with earnings hurt by ongoing losses in Europe. But elsewhere, its business is showing strong signs for the future.
Ford reports its 14th consecutive profitable quarter, solidly beating analyst estimates.
Republican presidential candidate Mitt Romney told a crowd in Defiance, Ohio, on Thursday that Chrysler was considering moving "all production" of its iconic Jeep lineup to China. There's just one problem: It's not true.
It has long been clear that GM would have to get creative to win back customers. Decades of shoddy cars drove off GM loyalists, and just as its cars started to get better, the economy tanked. But now GM has a plan to lure you back, and it involves a lot of help from Disney.
On top of Toyota's large-scale recall involving a potential fire hazard, the company is suffering from steep declines in one of its most important markets because of a political dispute. But things may not be as grim as they seem for the carmaker.
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.
Imagine a world without traffic jams, driver's licenses or car insurance. Sounds like science fiction, but maybe it's not. Last week, California became the second state in the country to pass legislation paving the way for self-driving vehicles.
Want a cheap car loan? How about a free one? Believe it or not, more and more car buyers are being offered 0% interest loans, and almost everyone else can now get cheap financing -- even folks with less-than-perfect credit.
Despite today's high gas prices, it's been one piece of bad news after another lately from electric car makers. Last week it was Smith Electric Vehicles calling off its IPO. On Tuesday it was Tesla Motors lowering its near-term outlook.
