Auto Industry | featured news

Industry officials may be quick to talk up the newest in electric transportation. They’ll also admit it’s not going to be easy abandoning the time-tested internal combustion engine.

U.S. auto sales boomed in August as consumers burned through $3 billion in government incentives, leaving automakers to contend with both inventory shortages and uncertain demand in the months ahead.

Once an industry laughingstock, S. Korean automaker sells value as its rivals falter.

Toyota is shutting the California factory it ran with General Motors for 25 years -- the first time the Japanese automaker is closing a major auto assembly plant ever.

The Obama administration will end its popular Cash for Clunkers program Monday. For auto dealers, that's the bad news. For the rest of the country, what's more worrisome is how wildly policymakers miscalculated how far they could stretch the extra $2 billion they pumped into the program less than three weeks ago.

General Motors Co. will announce increased hours at several factories due to rising sales from the government's Cash for Clunkers program.

General Motors Corp. said Tuesday it has signed an agreement to sell its unit Saab Automotive to Sweden's Koenigsegg Group AB, confirming an announcement in June, although government officials warn that more capital is needed before the deal can be closed.

Chrysler Group LLC is planning to build the Fiat 500 small car at a plant in Mexico, according to a report published Monday.

In the city, most drivers will rely on the rechargeable battery and should get at least 230 miles per gallon, G.M. said.

GM and eBay will launch a pilot program Tuesday that will allow consumers to place online bids for new vehicles from GM dealers in California.