Automaker News

The financial crisis hammering Detroit's auto industry is sending shock waves to Silicon Valley, where a number of companies make the computer chips that have become increasingly vital components in cars and ...

Ford Motor Co.'s Michigan Truck Plant isn't making trucks anymore. The last sport utility vehicle rolled off the assembly line at 1:30 p.m. Wednesday, Ford said.

Automotive Co. will occupy about 11,000 square feet on the main floor. The space was reserved for Mitsubishi Motors Corp.

In the auto industry's hour of darkness, General Motors and Ford will unveil promising new models vital to their survival at the North American International Auto Show in Detroit in January.

General Motors Corp is pushing some bondholders to swap their debt for equity, as Chief Executive Rick Wagoner tries to keep the automaker out of a Chapter 11 bankruptcy that would likely cost him his job, The ...

Shoppers turned up early for holiday sales at stores on Friday, but the annual pilgrimage appeared thinner this year and many consumers vowed to keep spending down due to a shrinking economy.

NEW YORK - Wall Street wrapped up its biggest five-day rally in more than 75 years Friday, even as investors digested signs of a bleak holiday season for retailers and fears that a flurry of reports next week ...

General Motors Corp. is looking at selling and leasing back some of its non-manufacturing operations in Europe in an effort to raise cash.

As Chrysler LLC makes a case along with other Detroit automakers for emergency federal loans, its status as a private company has raised questions about whether it should be eligible for aid.

Canada's federal government and Ontario's provincial government have set a deadline of Dec.

The news for General Motors was fabulous. And for Ford it was just an eyelash short of that.

Buying and preparing that perfect Thanksgiving meal has been a tradition in the Savu family.

Nissan Motor Co. has reversed its decision not to take part in the Chicago Auto Show because of the lack of new vehicles to unveil.

General Motors, criticized by U.S. lawmakers for its use of corporate jets, asked aviation regulators to block the public's ability to track a plane it uses.

TOKYO -- Global vehicle production at Toyota and Nissan declined in October, hit by a U.S. slump, but worldwide production was up at Honda and Mazda, according to data released Thursday.

GMAC Financial Services, the financing arm of General Motors, said Thursday it applied to become a bank holding company, making it eligible for aid under the government's $700 billion bank rescue plan.

With huge dirt movers shaping the site of Volkswagen's $1 billion assembly plant at Chattanooga, Europe's largest automaker says it has no regrets about announcing its arrival as an American employer in hard ...

General Motors Europe wants to cut labor costs by 10 percent without eliminating jobs, according to a letter sent to GM employees.

In the letter, obtained by The Associated Press on Thursday, GM Europe chief Carl-Peter Forster said the company was being squeezed by falling sales amid the world economic crisis and a trend among consumers to buy smaller, more efficient cars.

GM will attempt to make up for the decline by cutting work hours and pay, as well as 'other labor cost related initiatives,' but the company does not envision job cuts at the moment, the letter said.

Japanese shares fell Wednesday as investors sold exporters on a strong yen, and Fitch Ratings cut Toyota's top-notch credit rating.

The benchmark Nikkei 225 stock average lost 110.71 points, or 1.3 percent, to close at 8,213.22. The broader Topix index declined 1.73 percent to 817.22.

'Sentiment was downbeat as investors sold export-linked shares in line with a strong yen,' said Kazuhiro Takahashi, an equity strategist at Daiwa Securities SMBC Co. Ltd.

The yen stood at 94.95 to the dollar in late afternoon Tokyo trade, compared with 95.55 yen in New York late Tuesday. A rising yen hurts exporters like Sony and Toyota as it slashes the value of their profits when repatriated to Japan.

Mitsubishi Motors Corporation announced Tuesday that Shinichi Kurihara will succeed Hiroshi Harunari as president and CEO of Mitsubishi Motors North America effective Jan.