Guide audits certified segment
2010-09-06 01:01:00
Sales of certified used vehicles fell 10 percent last year, to 1,528,487 units. The drop followed seven years of solid growth. But certified sales though July this year rebounded 1 percent to 953,764 from the same period last year.

Chrysler's sales rise in a down month
2010-09-06 01:01:00
Chrysler Group's 7 percent sales increase in August bucked the industry's 21 percent tumble. There are several reasons Chrysler was able to enjoy its fifth straight month of year-over-year sales increases.

Taxpayers likely to face initial loss on GM IPO
2010-09-04 10:44:00
The U.S. government is likely to take a loss on General Motors Co. in the first offering of the automaker's stock, six people familiar with preparations for the landmark IPO said.

Taxpayers likely to face initial loss on General Motors IPO
2010-09-04 10:44:00
The U.S. government is likely to take a loss on General Motors Co. in the first offering of the automaker's stock, six people familiar with preparations for the landmark IPO said.

Lincoln future product and branding tops Ford's to-do list
2010-09-03 15:53:00
Ford plans to further differentiate the Lincoln and Ford division product lineups, while giving the luxury Lincoln brand a 'point of view,' company leaders promise. Ford is also planning for fewer Lincoln dealerships in major metro areas.

Tim Allen to be new voice of Chevy starting with Cruze ads
2010-09-03 14:48:00
Chevrolet has tapped actor and comedian Tim Allen to be its voice, beginning with TV advertising for the new Cruze compact. The first ads for the Cruze will air Tuesday, Sept. 7, Chevrolet said today.

Obama sought Ghosn to run GM, Rattner says
2010-09-03 13:20:00
The Obama Administration initially wanted Nissan-Renault CEO Carlos Ghosn to run GM after Rick Wagoner was ousted in 2009, and repeatedly pressed Fiat to put up cash for a stake in Chrysler, according to an upcoming book about the government bailout...

Ford's Raptor pickup boasts bigger engine, more seats
2010-09-03 09:44:00
Ford dealers begin taking orders today for the 2011 F-150 SVT Raptor pickup, featuring a larger standard engine and more seating capacity. For starters, all 2011 Raptors will come standard with a 6.

U.S. Treasury mulls over foreign investors in GM, report says
2010-09-03 03:16:00
The U.S. Treasury is concerned about how many foreign investors it should allow to buy big stakes in General Motors Co.'s proposed initial public offering, the Wall Street Journal said.

Former GM CEO Henderson to head SunCoke after spinoff from Sunoco
2010-09-03 01:01:00
Former GM CEO Fritz Henderson has been tapped to become CEO of SunCoke Energy following its separation from Sunoco Inc. next year.

Ford settles Explorer suit after losing 1 million verdict
2010-09-02 20:18:00
Ford settled a lawsuit over the death of a New York Mets minor league baseball player in an Explorer accident after a jury ordered the company to pay his estate 1 million. A Jasper County, Miss.

Former GM CEO Henderson to head SunCoke after spin-off from Sunoco
2010-09-02 19:34:00
Former GM CEO Fritz Henderson has been tapped to become CEO of SunCoke Energy following its separation from Sunoco Inc. next year.

GM's new CEO meets with UAW leaders, says let's work together
2010-09-02 17:23:00
New GM CEO Dan Akerson, in his second official day on the job, said today in a Labor Day greeting to GM's 80,000 employees in the United States and Canada that he recently had a get-acquainted meeting with UAW President Bob King and UAW GM...

Kia recalls Souls and Sorentos for fire risk
2010-09-02 15:58:00
Kia Motors America said today it is recalling about 35,000 2010-11 Souls and Sorentos because faulty wiring harnesses could short and cause a fire.

Redesigned 2011 Dodge Durango has three rows of seats, new logo
2010-09-02 13:27:00
Dodge today released the first pictures of the 2011 Durango SUV. The Durango will be built at Chrysler's Jefferson North assembly plant on the same platform as the Jeep Grand Cherokee.

AutoNation to bid on 'multiple' Fiat franchises
2010-09-02 11:46:00
AutoNation Inc. said today it plans to bid on 'multiple' Fiat franchises after Chrysler unveiled its plans for the brand to dealers at a meeting in Detroit on Monday. COO Michael Maroone said he was impressed with the presentation.

Hyundai to debut minivan at Paris show
2010-09-02 10:15:00
Hyundai will debut a small minivan called the ix20 at this year's Paris auto show. The company says the new model has a dynamic, sporty profile that is a striking departure from the more boxy-looking models typically found in the segment.

BMW's U.S. sales top Lexus' for third straight month
2010-09-02 09:03:00
BMW AG's namesake brand increased U.S. sales 1.6 percent in August and beat Toyota Motor Corp.'s Lexus as the top U.S. luxury brand for the third straight month.

Toyota's minicar division recalls half-million cars in Japan
2010-09-02 08:53:00
Daihatsu Motor Co., the minicar unit of Toyota Motor Corp., is recalling more than a half-million vehicles in Japan because of faulty rear indicator lamps. The recalls are another blow to Toyota, which already has recalled 12.

GM pitch to investors to begin after elections, sources say
2010-09-02 01:01:00
General Motors Co. plans to begin courting investors for its initial public stock offering immediately after the Nov. 2 U.S. mid-term congressional elections, two sources familiar with the plans said on Wednesday.