Automaker News

Tom LaSorda, the former chief executive of Chrysler Group LLC and Fisker Automotive, is launching a venture capital fund with racing magnate Roger Penske to invest in technology startups.

General Motors Co. Chairman and CEO Dan Akerson on Thursday returned to his hometown of Mankato, Minn., to award two students at Mankato West High School with new college scholarships each worth $40,000. Akerson, who graduated from Mankato High School in 1966, and his wife, Karin, established the Akerson Family Scholarships this year to help a male ... (more)

Chrysler Group and Tesla Motors, run by two of the most outspoken CEOs in the auto industry, are trading zingers over the help each company received from the federal government.

Toyota today announced a $250,000 donation to support relief and rebuilding efforts for victims of the tornado that hit Moore, Oklahoma and the greater Oklahoma City area on May 20.

Ford Motor Company is planning to close its two production plants in Australia by the end of 2016, primarily due to high business costs in the country compared with Europe and Asia.

Introducing Wes Garcia, a new contributor to Bike EXIF. Wes is the chief editor of Megadeluxe , an online magazine covering the world of speed, sport and design.

A worker assembles a vehicle at Mitsubishi Motors Mizushima plant in Japan. Nissan produces a minicar at the plant.

Mitsubishi Motors Corp is taking steps toward resuming dividend payments after nearly a decade-long turnaround bankrolled by other Mitsubishi group companies, according to people with direct knowledge of the plans.

A group of investment firms including Citadel Securities LLC sued the Chicago Board Options Exchange Inc and four other exchanges on Wednesday for improper charges on millions of options trades over a seven-year period.

Headquartered in Abingdon, Va., K-VA-T Food Stores, Inc. is a locally owned company operating 106 retail supermarkets throughout the tri-state regions of Southeast Kentucky, Southwest Virginia and Northeast Tennessee.

Moses Ford Lincoln president Steve Moses, center, cuts the ribbon celebrating the opening dealership's newly-remodeled showroom, part of a 14-month, $2.5 million renovation project at the St.

Fiat Industrial disputed as "absolutely false" reports Wednesday that Italy would lose 500 million euros in tax revenues if it moves its tax base to Britain after it completes a merger with its U.S.-based subsidiary CNH Global NV.

Two days into disaster relief efforts following the Moore, Okla., tornado, Metro Detroiters are increasingly mobilizing with fundraising, supply donations and at least one caravan of volunteers who are planning a cross-country road trip to aid in rebuilding.

Automakers in Detroit say they are trimming the traditional two-week summer breaks at their factories, in order to speed production and meet a growing demand for new cars and trucks, The Associated Press reports .

Ford Motor Co. is adding capacity and reducing summer shutdowns at numerous plants this year to meet high demand.

Ford Motor Co. said Wednesday that 21 of its North American factories will shut for only one week this summer.

How important are sales figures for car manufactures, especially the one'e selling premium luxury on wheels? One would tend to think that as premium brands are not driven by volumes, they would not care much.

Apple's ability to shelter billions of dollars of income from tax has depended on an unusual loophole in the Irish tax code that helps the country compete with other countries for investment and jobs.

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"From all appearances, the numbers were up this year, but there were no major issues," Myrtle Beach police Capt.