General Motors Co. put on hold a deal to sell a 55 percent stake in carmaker Opel to a Russian-backed consortium led by Canadian auto parts group Magna International Inc., GM's chief negotiator on the deal said today. No sale can proceed until the U.
Kia Motors Corp., South Korea's No. 2 carmaker, on Friday posted a record quarterly profit, beating market expectations and helping the company's shares extend gains.
General Motors Co. CEO Fritz Henderson's annual salary is being cut by 25 percent to $950,000 as part of the Obama administration's pay reductions for the top 175 executives at seven companies that got federal bailouts.
General Motors is making an Internet router available as a dealer-installed option on select vehicles throughout its Buick, Cadillac, GMC and Chevrolet lineup.
The National Automobile Dealers Association won a legislative victory today when a House committee exempted dealership-assisted auto financing from oversight by a new consumer agency.
Nissan Motor Co. CEO Carlos Ghosn has ruled out a stand-alone hybrid like the Toyota Prius as part of his strategy for adding gasoline-electric drivetrains.
The National Automobile Dealers Association is trying to negotiate a deal between GMAC Financial Services and Chrysler Financial to help Chrysler dealers transfer their inventory credit lines to GMAC.
Honda would consider launching an environmentally friendly sports car when it has enough cash available, CEO Takanobu Ito said. Ito said Honda's sports car would not be like the Lexus LFA supercar unveiled by by Toyota Motor Corp.
Daimler AG will spend 600 million euros ($895.9 million) to expand its compact car plant in Rastatt, Germany. The investment is part of the 3 billion euros it will spend in all on its German manufacturing plants this year and next.
