GM rises after Berkshire Investment christens ‘Buffett Motors’
General Motors Co. gained as much as 4.3 percent, the most in almost a month, after Warren Buffett's Berkshire Hathaway Inc. disclosed it bought a stake in the largest U.S. automaker.
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General Motors Co. gained as much as 4.3 percent, the most in almost a month, after Warren Buffett's Berkshire Hathaway Inc. disclosed it bought a stake in the largest U.S. automaker.
Washington — U.S. factory output increased in April, helped by a gain in auto production. Busier factories have driven stronger hiring this year and helped the economy grow.
Harold Arthur “Red” Poling, a former Ford Motor Co. chairman and CEO who helped revive the troubled automaker during the 1980s and launched the Taurus, died Saturday at his home in Pacific Grove, Calif. He was 86.
Delta Township — General Motors Co. will hire a majority of new-to-GM employees as it adds a second shift at its Lansing Grand River assembly plant to build the Cadillac ATS, a plant official said Tuesday.
Washington — A government investigation into the Treasury Department’s role in the decision of General Motors Co. to “top up” the pensions of hourly retirees at Delphi Corp. has been stymied because three former administration officials refuse to cooperate.
General Motors Co., the world’s largest automaker and one of its biggest advertisers, confirmed Wednesday it will halt paid advertising on social media website Facebook.
Washington — Detroit-based Ally Financial Inc., the nation’s largest new-car lender, has no plans to sell its U.S. auto lending operations, the company’s chief executive said Tuesday.
Warren Buffett’s company is apparently bullish on the U.S. auto industry. His company, Berkshire Hathaway Inc., took a new 10-million-share stake in General Motors Co. in the first quarter.
Washington— Manufacturers would have to equip large trucks and buses with safety systems that help prevent rollover accidents through computer-controlled braking, under new regulations proposed Wednesday by the government.
Ford Motor Co. will lead the industry in introducing new or refreshed vehicles in the U.S. at the fastest rate for model years 2013 through 2016, according to a Bank of America Merrill Lynch report.
Nissan Motor Co. said it plans to run three daily assembly shifts at U.S. plants building a revamped Altima, as the company tries to challenge Toyota Motor Corp.'s Camry, the top-selling U.S. passenger car.
Washington — General Motors — which owned the auto and mortgage lender Ally Financial Inc. until 2006 and still holds a 9.9 percent stake in the company — said it will consider a bid for Ally’s international operations.

General Motors Co.’s plan to reverse its decade-long slide in Europe finally is taking shape, and one part of the emerging solution may be Chevrolet.
A major auto supplier will invest $60 million and add 450 jobs as it acquires the New Boston Chrysler Mopar site in Wayne County.
Ford Motor Co. plans to launch its new models and appeal to the coasts with a new advertising campaign that leverages its national reputation for promoting ...
Washington —The National Transportation Safety Board on Tuesday called for a renewed push to cut down on drunken driving deaths.
Washington -A government investigation into the Treasury Department's role in the decision of General Motors Co. to "top up" the pensions of hourly retirees at ...
As Germany's luxury carmakers battle among themselves for global leadership, they have widened their lead in the U.S. over other premium brands that have been ...
Columbia, Tenn.— A union official says about 60 team leaders will be hired in about two weeks for the General Motors plant in Spring Hill, Tenn.
Automotive suppliers increasingly see Detroit's Big Three as easier to work with, as foreign competitors slide into disfavor, according to an annual study of ...
Washington — The struggling mortgage unit of Detroit-based Ally Financial Inc. is expected to file for bankruptcy in New York early today after the board ...
Detroit— General Motors Co. said Monday that later this year it will begin offering a new small Chevrolet SUV outside the United States that eventually ...
General Motors Co. and its Opel division in Europe are evaluating production of Chevrolet-brand cars in the region in an effort to improve profitability, the ...
Washington -The National Highway Traffic Safety Administration said Monday it has opened a preliminary investigation into 123,000 2012 Elantra cars over ...
General Motors chairman and CEO Dan Akerson told graduates at Columbia University Sunday that the U.S. political system is broken - and noted that the decline ...
Daimler AG is flooding Berlin with Smart cars to claim a greater share of Europe's burgeoning rent-by-the-minute urban auto market.
A new government study says 5 percent of vehicles involved in crashes experienced tire problems. The study warned that underinflated tires are at significantly ...
The great snake charmer, Carroll Shelby, the force behind Ford’s Cobra Mustangs and Chrysler’s Viper racing and high-performance street machines, died Thursday ...
With a starting retail price of $68,505, the 2012 Lexus LS sedan is bargain-priced compared to European competitors.
The European automotive industry looked to last weekend's French presidential election to produce a catalyst for action.
General Motors Co.’s plan to reverse its decade-long slide in Europe finally is taking shape, and one part of the emerging solution may be Chevrolet. - 05/15/2012
The European automotive industry looked to last weekend's French presidential election to produce a catalyst for action. - 05/12/2012
American car buyers have had little reason to be concerned about the tastes of their Chinese counterparts, but that is likely to change in time. - 05/10/2012
Christine Tierney It’s hard to get excited about driverless cars. Some auto executives wince at the prospect of designing cars for people who aren’t going to drive them. But... Read More
Neil Winton In America, the Nissan Leaf and Chevrolet Volt are battling to win the electric car stakes. In Europe, the battery-only Leaf and the Opel-Vauxhall Ampera (an extended range... Read More
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