Auto Industry | featured news

Akio Toyoda appears before House Oversight Committee, apologizes for recent problems with some Toyota cars triggering recalls in the U.S.

The automaker says it's unable to complete a deal to sell its SUV brand to a Chinese industrial company. It plans to wind down Hummer operations, which would affect about 3,000 workers.

US auto sales rose in January but were tempered by Toyota Motor Corp. (TM), which suffered a sales slide late in the month from a recall that led the auto maker to halt sales of more than half its vehicles.

China overtook the United States as the biggest auto market in 2009 and automakers should see more strong growth this year, an industry group reported Friday.

GM's Swedish brand remains hopeful a sale can be agreed to keep it alive, even though it is still preparing to wind down operations.

The cratering economy led to wild fluctuations in auto sales and unusual shifts in market share.

GM said Monday it had hired Chris Liddell, the chief financial officer of Microsoft, as its new finance chief, filling a key position with the automaker's highest-profile hire since its July bankruptcy.

With a narrow, though loyal, customer base, Saab has proved too small to lure the world’s big automakers.

Automaker will repay $6.7B in taxpayer-funded loans by end of June, new chief executive says.

Edward E. Whitacre Jr., G.M.’s new chief executive, assigned numerous executives to new roles as he looked to strengthen the carmaker’s revival effort.