gmc

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.

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.

Toyota May Widen Accelerator Recall to Europe

Toyota says it is considering expanding its recent recall of 2.3 million vehicles in the U.S. to include millions more sold in Europe. Problems with unintended acceleration caused by faulty parts have led to at least 30 accidents.

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'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.