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General Motors announces that it has cancelled plans to sell Opel and Vauxhall to Canadian car parts firm Magna.

Automaker says earnings were fueled by cost cuts and Cash for Clunkers rebates.

Changes to the workers’ contract that would have allowed cuts appeared headed for certain defeat.

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.

Helicopter-borne police commandos fought a pitched battle with militant strikers at an ailing South Korean automaker Wednesday, ...

Facing a glut of unsold 2009 inventory, automakers and car dealers hope the government incentive can help them reduce supply before 2010 models arrive.

Toyota Motor Corp. got 180,000 orders for the new Prius hybrid in Japan in just a month, far surpassing its target of 10,000 vehicles in monthly sales, the automaker said Friday.

The third-generation Prius, which rolled out a month ago, has been a big hit here, partly because of tax-breaks and other new government incentives that are meant to perk growth during the nation's downturn.

No question is more critical to their survival. And despite what GM's new CEO says, bankruptcy won't help.