The company known as "Old GM" exited Chapter 11 bankruptcy on Thursday and was carved into four trusts, marking the close of one of the most complex Chapter 11 cases in U.S. history.
BMW's new venture capital company is setting up shop in New York City and will open what it calls 'an incubator lab' targeting innovations in mobile and location-based services.
The founder of Magna International is stepping down from his long-time role as chairman of the auto parts giant after ceding control of the company last year, according to a filing with U.S. regulators.
Toyota, coping with a rising yen and an earthquake-shattered supply chain, announced price increases today for many 2011 Toyota, Scion and Lexus models.
Delphi Automotive acquired stakes in the parts maker held by GM and the PBGC for about $4.4 billion. GM sold its Class A interest in Delphi Automotive for $3.8 billion. The automaker acquired the Class A stake in October 2009 for $1.
Researchers at Ford have started constructing a "virtual" six-year-old child that will help them research future safety devices.
Nissan North America said it plans to appeal an Ohio state ruling that the automaker failed to adequately consider local market conditions in moving to terminate a dealership.
Car-sharing company Zipcar Inc. plans to list 8.3 million shares at $14 to $16 per share when it makes its initial public stock offering, according to a filing Wednesdaywith the Securities and Exchange Commission. No date has been set for the IPO.
Toyota and lawyers suing the automaker over unintended sudden acceleration have reached an agreement on how to handle evidence related to the source code used on its vehicles, a lawyer said.
The U.S. Department of Energy lacks the engineering expertise to properly oversee $8.5 billion in loans to Ford Motor Co., Nissan North America, Fisker Automotive and Tesla Motors to build more fuel-efficient vehicles, a congressional watchdog said.
The UAW's membership ranks rose 6 percent to 376,612 last year, the first gain in six years as U.S. automakers began hiring amid a recovery in sales.
Meritor Inc., the commercial-truck, trailer, defense and automotive aftermarket supplier, said today it was fined $100,000 earlier this month by the U.S. Department of Commerce's Bureau of Industry and Security for 14 export violations.
CarMax Inc. reported increases in net earnings and revenues in its fourth quarter and fiscal year that ended Feb. 28. The automotive retailer today reported net earnings in the latest quarter rose 19 percent from the year-earlier period to $89.
Also in today's show: The president will make all federal vehicles green, Tesla sues Top Gear, and Reggie Jackson's Shelby GT350 is set for a spring auction.
Fuel cell powered Hyundai promises to drive Korean firm into the future.
Car makers this month (April) will meet to deal with the growing crisis of restricted leather supplies. The Federation of Automotive Leather (FOAL) is shocked at the severity of the squeeze on leather following the control order on CO2-producing cattle herds.
Tesla Motors Inc. shares rose the most in more than four months after a Morgan Stanley analyst said the unprofitable electric-car maker will benefit from a shift away from internal-combustion engines. Tesla surged $4.
Saab's largest union has expressed support for the embattled automaker as it halted production this week due to a supplier payments dispute.
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