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CarMax posted only a 2.7% drop in profit despite sharply lower sales and losses at its auto-finance unit, as the used-car dealer's profit per vehicle sold rose.

G.M is close to selling Saab to Koenigsegg, a Swedish maker of high-end sports cars, a person close to the negotiations said.

The clock is ticking for Ray O'Bryhim: he has less than a week to sell his last 40 cars.

More than 203,000 people have bought the ultra-cheap Nano car in India yielding sales of 25 billion rupees ($512.6 million), ...

While automakers lay off staff and shut down plants in response to the economic downturn, one automaker announced Thursday that it will open a manufacturing plant in the United States, potentially creating hundreds of jobs in the area eventually chosen.

The tiny Nano car, being sold at a base price of $2,200, already has 1 million applicants for the 60,000 expected to roll out this year.

General Motors frequently holds up the Chevrolet Volt as a symbol of its future and a testimony to its ingenuity when it asks Washington officials for billions of dollars in federal aid.

Ford Motor Company has filed a patent application for something called an Emotive Advisory System, which, according to Autoblog, "simulates emotions when interacting with occupants, and may also use an avatar to express itself." SWDELaw, a blog that follows intellectual property issues, found the patent application.

One thing became clear from February's car sales. Hyundai is the only company that knows how to market autos in the U.S.