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The Chinese government, in a setback for GM and other automakers, will end subsidies for vehicles sales in rural areas starting Jan. 1, three days after announcing a halt in incentives for buyers of small vehicles.
12:02 pm on December 31, 2010
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Porsche persuaded a judge to dismiss two lawsuits claiming the carmaker cost hedge funds more than $2 billion by misleading short-sellers in its acquisition of Volkswagen AG shares in 2008.
4:54 am on December 31, 2010
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Ally Financial Inc., the former General Motors lending unit, moved closer to regaining its independence as the government converted $5.5 billion of preferred stock into common shares. The government is looking to recover its $17.
11:53 pm on December 30, 2010
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Ally Financial Inc., the former General Motors lending unit, moved closer to regaining its independence as the U.S. government converted $5.5 billion of preferred stock into common shares. The Treasury Department is looking to recover its $17.
11:53 pm on December 30, 2010
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Not even a foot or more of snow is going to separate Northeast auto dealers from their customers during the last week of the year. 'We will do what it takes,' said Susan Scarola, vice chairman of DCH Auto Group in the South Amboy, N.J.
3:14 pm on December 30, 2010
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Chrysler Group LLC recalled more than 144,000 vehicles in three separate filings with federal regulators posted today. In the largest of the three recalls reported to U.S.
3:01 pm on December 30, 2010
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Chrysler Group LLC recalled more than 144,000 vehicles in three separate filings with federal regulators posted today. In the largest of the three recalls reported to U.S.
3:01 pm on December 30, 2010
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Former Obama administration auto industry czar Steven Rattner has agreed to pay $10 million to resolve two lawsuits by New York's attorney general related to alleged kickbacks involving the state's pension fund.
2:36 pm on December 30, 2010
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Chrysler is recalling nearly 150,000 trucks and SUVs to address several problems, including steering, air bag issues and the potential for trucks to stall.
2:24 pm on December 30, 2010
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Johnson Controls Inc., moving to enhance its seating business, particularly in Europe, said today it signed an agreement to acquire German seating expert Keiper and its specialty seat business Recaro. Financial terms were not released.
1:44 pm on December 30, 2010