Automaker News

The chief executive of General Motors Co. met with leaders of its Opel unit on Monday to discuss the German automaker's future, a week after GM abruptly decided to keep it instead of selling a majority stake to a consortium of investors.

U.S. auto giant Ford Motor Co. said Monday it earned a profit of $997 million in the third quarter, a $1.2 billion rebound from the third quarter a year ago.

Over 1,000 Toyota and Lexus owners have reported sudden, spontaneous acceleration of their vehicles since 2001, including crashes blamed for 19 deaths, far more than earlier disclosed, the Los Angeles Times reports.

ASB performed well in the first quarter but operating conditions remain difficult in New Zealand, parent Commonwealth Bank of Australia said today.

A large trailer manufacturer is consolidating its operations in southern Kentucky, leading local officials to hope the move brings new jobs to an area struck by high unemployment.

Leftover thoughts from a week overloaded with news: The most welcome surprise in Chrysler-Fiat's 5-year plan? The nifty little 500 city car will proudly wear a Fiat badge when it goes on sale in Chrysler dealerships in early 2011.

General Motors Co will probably stick to a plan to cut costs at Opel by 30 percent after deciding to restructure the European subsidiary itself rather than sell it, Bob Lutz, a GM executive set to become Opel's chairman, was quoted as saying on Sunday.

Carl-Peter Forster, the departing boss of General Motors Europe, has been lined up to take charge of Jaguar Land Rover, the Midlands-based luxury carmaker.

Gold stocks helped keep the Toronto stock market ahead Friday afternoon despite employment reports for October that came in much worse than expected.

Ford Motor Company has designed an inflatable seat belt to keep passengers in the back seat safe.

Two Los Angeles County residents have sued Toyota Motor Corp., alleging that the majority of Toyota and Lexus vehicles made since 2001 contain defective components that can cause unintended acceleration.

The Associated Press, The Washington Post and automotive writer Terry Box contributed to this report.

Today Harley-Davidson announced plans to commemorate the 2nd Annual Women Riders Month in May 2010 by hosting women riders in its hometown of Milwaukee, Wis., on May 22 and 23, 2010.

Singer Usher and Tameka Foster arrive at the 2007 NBA All-Star Game at the Thomas & Mack Center on February 18, 2007 in Las Vegas, Nevada.

Shares of Magna International Inc were up more than 12% Friday, a day after it posted a surprise quarterly profit and said it would focus on its core auto-parts business after the collapse of its deal to buy a stake in General Motors Coa s Opel unit.

Winnebago Industries Inc. received the coveted Quality Circle Award a record 15th straight year, the company noted today in a news release.

Lear Corp. said Thursday that its reorganization plan was approved by a bankruptcy judge, paving the way for the auto supplier to emerge from Chapter 11 after just four months under court oversight.

Officials with the recreational trailer company Jayco Inc. say 200 workers will be hired and production will be increased at plants in Twin Falls and Middlebury, Ind.

Ford Motor Co. said today that its new inflatable seat belts will provide additional safety for rear seat passengers, especially children and the elderly, who more frequently sit in the back rows of cars and trucks.

Lear Corp. said Thursday that its reorganization plan was approved by a bankruptcy judge, paving the way for the auto supplier to emerge from Chapter 11 after just four months under court oversight.