General Motors, Auto Industry | featured news

That sound you heard from Detroit this morning was the other shoe dropping, loudly, at Opel. General Motors announced that Karl-Friedrich Stracke stepped down from his positions as GM Europe president Opel/Vauxhall CEO.

General Motors and Chrysler reported double-digit sales of new vehicles, while Ford’s rose 7 percent. Toyota sales were up 60 percent.

General Motors Co said on Tuesday it will stop advertising on Facebook, even as the social networking website prepares to go public, with a source familiar with the matter saying the automaker had decided Facebook's ads had little impact on consumers.

GM (GM) posted a profit of $1 billion in the first quarter, beating Wall Street expectations on strong demand in its key North American market. GM also said the U.S. economy was improving and it expected its core North American results in the second and third quarters to largely match the first quarter due to scheduled downtime at its large truck plants.

Chrysler sales rose 20 percent last month, its strongest April in four years. General Motors and Ford reported slight dips for the month. Overall, the U.S. auto industry appears strong.

In seeking support in Michigan, Obama speaks frequently about how the federal bailout of General Motors Co. and Chrysler Group led to GM's resurgence as the world's No. 1 automaker and 32,000 more auto-related jobs in the state since the companies emerged from their 2009 managed bankruptcies. Romney opposed the move, even writing a New York Times opinion piece in 2008 that carried the headline "Let Detroit Go Bankrupt."

It’s been a tough year for the Volt, General Motors’ plug-in hybrid.  But perhaps it’s about to see its fortunes turn as a jury of continental journalists declare Volt the European Car of the Year.

General Motors will halt production of the Chevrolet Volt.The automaker has told 1,300 workers at its Detroit Hamtramck plant that they will be out of work for about five weeks.

General Motors and PSA Peugeot Citroen announce a global alliance that will see them develop cars together.

General Motors earned its largest profit ever in 2011, two years after it nearly collapsed. Strong sales in the U.S. and China helped the carmaker turn a profit of $7.6 billion, beating its old record of $6.7 billion in 1997 during the pickup and SUV boom.