General Motors Co. Chief Executive Officer Fritz Henderson has the board's backing, and the automaker may repay some of its $50 billion in U.S. bankruptcy aid this year, Chairman Ed Whitacre said.
Chrysler Group LLC is restructuring its electric program as it works to develop hybrids and electric vehicles for its own brands as well as for partner Fiat SpA.
General Motors' head of international operations, Nick Reilly, will assume responsibility immediately for GM's Opel and Vauxhall operations in Europe until a new CEO is appointed.
General Motors Co. will expand its electric vehicle lineup by building the Cadillac Converj, a luxury car some feared would never move beyond the concept stage because of GM's financial troubles.
About 485 employees of BBDO Detroit have been given notice the office will close Jan. 26 because Chrysler Group LLC has not negotiated continued contracts with the longtime advertising agency.
Southfield-based Lear Corp. on Monday emerged from bankruptcy with less debt and a positive outlook on the international market; while Auburn Hills-based BorgWarner Inc. said it expects $1.8 billion in new business in the next three years with most of that coming in Asia and Europe.
General Motors Co. Chief Executive Fritz Henderson met with Adam Opel GmbH executives in Germany on Monday as the U.S. automaker prepared to carry out its own restructuring plan for the ailing carmaker.
Chicago -- A former General Motors manager admits he pocketed $6.5 million in kickbacks involving the sale of hundreds of millions of pounds of aluminum worth $1 billion.
Michigan car buyers tend to purchase what their neighbors make, but that doesn't matter as much to the rest of the country, according to an analysis of data from the "cash for clunkers" incentive program. "We really are a whole different planet here in Michigan," said Stephanie Brinley, product analyst for AutoPacific Inc. in Troy.
