GM and Chrysler Will Pay Bonuses to Salaried Workers

Less than two years after they exited bankruptcy, Chrysler Group and General Motors will soon distribute bonuses to salaried employees in recognition of their efforts to help revive the once-flagging Detroit automakers. The payout is likely to anger the companies' unionized workers.

Toyota Fights Recall Woes and Stronger Yen

The Japanese automaker's bottom line is likely to have been affected by its continuing safety recalls, weaker U.S. sales and the rising value of the yen, which has made exports more expensive. Analysts forecast Toyota will report a quarterly profit of about $1 billion on sales of $56.2 billion.

General Motors Sales Rose 22% in January

General Motors sales rose 21.8% in January compared to a year ago on strong sales across its lines of passenger cars, "crossover" vehicles and trucks, the automaker said Tuesday. Each of the automaker's four divisions recorded higher sales for the month.

Though Chrysler Is Still Unprofitable, Employees Earn a $750 Bonus

Union employees at Chrysler Group will receive a $750 bonus next week as an acknowledgment of their contributions in helping to revive the once-bankrupt company, the automaker said Monday. Salaried workers, excluding the company's top 50 executives, will also receive the payment.

January Auto Sales Should Build on 2010's Momentum

A slowly brightening economy combined with low financing rates and generally stable fuel prices have put consumers in a buying mood. New models, particularly from Ford and GM, are also helping to keep U.S. auto sales on a positive trajectory as 2011 starts.

Ford May Post Its Best Yearly Profit in a Decade

Analysts forecast that Ford will announce a profit of 48 cents a share on revenue of about $30.6 billion when it releases earnings on Friday. That translates into an expected pretax profit of $8 billion in 2010, the best Ford has seen since 1999.

Toyota Keeps Slim Lead Over GM Despite Recall Woes

Toyota managed to hold onto the title of world's No. 1 automaker last year, despite numerous safety recalls that took a toll on its sales. Toyota sold 8.42 million vehicles worldwide in 2010, enough to barely edge out resurgent General Motors, which rang up sales of 8.39 million.

No Longer the 'Big Three,' but They've Stopped Shrinking

With U.S. automotive dominance waning, a new moniker has emerged: the "Detroit Three." But don't count out Ford, GM or Chrysler -- their post-recession future looks strong, thanks to some agonizing restructuring. Now, they can be profitable selling fewer cars.

Chrysler Rolls Out Plans for a Hybrid of a Different Kind

Chrysler has finally decided to jump on the hybrid bandwagon, announcing Wednesday that it is working with the EPA to develop a hydraulic hybrid powertrain for its vehicles. The system, which stores energy derived from vehicle braking as pressure, could improve fuel economy by 30% to 35%.

Chrysler Finds It Can Be Profitable Selling Fewer Cars

The smallest of the Detroit Three, Chrysler has made substantial strides in turning around its business, including lowering the number of vehicles it needs to sell to make a profit. The automaker had pegged 1.65 million as its operating break-even point, but has just lowered this to about 1.5 million vehicles.

Ford Details Its Lincoln Reboot, Chrysler Talks Trucks

At the North American International Auto Show in Detroit Tuesday, Ford and Chrysler both announced plans to introduce a host of new models. Ford will add seven vehicles with "truly unique Lincoln DNA" to its luxury line, while Chrysler has its eyes on new pickups, a revived Jeep Grand Wagoneer, and possibly, a 'mini-minivan.'

Fiat Boosts Stake in Chrysler to 25% After Hitting Milestone

Italian automaker Fiat increased its stake has in Chrysler Group to 25% after the U.S. automaker met a key goal by starting engine production at a plant in Dundee, Mich., the company said Monday during the North American International Auto Show in Detroit.

GM's Chevy Volt Wins 'Car of the Year' at Detroit Auto Show

GM's long-anticipated plug-in electric hybrid hatchback picked up top honors at the huge auto industry show. The Volt was joined by Ford Motor's Explorer midsize sports-utility vehicle, which was awarded North American Truck of the Year.

Auto Dealers Are Upbeat on U.S. Sales for 2011

The nation's leading trade association for car dealers says it now sees industry sales of nearly 13 million vehicles this year, topping last years by 12%. The rise is attributed to pent-up demand, loosening credit and a rising stock market.

Upbeat Consumers Push Auto Sales Higher

The nation's automakers ended 2010 on an upbeat note with most reporting higher sales for December. Consumers seemed to put concerns about the U.S. economy on hold and more than offset reduced demand by fleet customers, such as corporations and rental-car companies.

Ford Caps 2010 With 7% Sales Jump in December

Ford, the nation's second-largest automaker, reported its year-over-year sales rose 7% in December, driven by strong demand from consumers and giving the company its best retail-sales month of 2010. The Dearborn, Mich.-based carmaker sold 190,976 vehicles in December, compared to 179,017 a year earlier.

December Auto Sales: Set to End 2010 in High Gear

The economy may be less robust than most Americans would like, but that didn't stop many of them from hitting car dealer showrooms in December, likely propelling auto sales in the final month of 2010 to 1.13 million units, the year's highest levels.

Fiat May Raise Its Stake in Chrysler to 51% Before IPO

Fiat CEO Sergio Marchionne said Monday that he could increase Fiat's ownership in Chrysler to more than 50% should America's smallest domestic automaker seek to return to the stock market this year, but that he doesn't plan to merge the companies' operations.

Chrysler and Ford Recall 160,000 Vehicles for Safety Defects

Chrysler Group is recalling more than 144,000 Dodge and Ram vehicles in three separate actions, and Ford Motor is recalling about 15,000 trucks and sport-utility vehicles that may catch fire. These actions add to what's been a near-record for auto recalls.

2010 Likely Busiest Year for Auto Recalls in Seven Years

2010 may be the year of the car recall, with the U.S.'s six largest suppliers recalling more than 19 million vehicles over the last 12 months. Toyota, which recalled about 7 million cars this year, tops the list. General Motors, at about 4 million, came in second.

Bullish Analysts Give General Motors Shares a Boost

GM's stock price rose as much as 2.5% in trading Tuesday after several brokerage houses began coverage of the stock, with several issuing upbeat initial ratings and hefty price targets. GM still faces a hard road forward, but Wall Street generally sees success ahead.

General Motors Recalls 100,000 SUVs to Repair Seat Belts

Topping off a week in which Hyundai, Kia, Toyota, VW, Chrysler and Ford between them recalled hundreds of thousands of vehicles, General Motors today announced it is recalling 100,000 SUVs to repair front row seat belts that may come loose in a crash.

Nissan, Mitsubishi Team Up to Build New Mini Vehicles

Nissan and Mitsubishi plan to work together to bring some new vehicles to market. The Japanese automakers will establish a joint venture to produce a minicar for the home market by 2012, while Nissan will produce a small van for Mitsubishi, which in turn will make an SUV for Nissan.