AUTO

Canadian auto sales rose to their highest level in nearly three years this summer on the back of rebounding employment levels and steep incentives from automakers

Ford Motor Co. is recalling about 575,000 Windstar vans in 21 cold-weather U.S. states and Canada from model years 1998 to 2003 because of the possibility that the rear axle may fracture due to corrosion

General Motors Co will pay a spread of 400 basis points over the London Interbank Offered Rate, or LIBOR, if it draws on its $5 billion revolving credit facility in the first three months

Toyota Motor Corp said on Thursday it would recall 1.3 million Corolla and Matrix cars in the United States and Canada because of defective engine control modules that could cause the vehicles to stall.

Canadian developers are plotting a small revolution in the still-tiny market for electric cars, with a concept vehicle made from hemp set to debut at a specialized auto show next month.

Italian automaker Fiat SpA said on Thursday its third quarter was proceeding well and confirmed it could raise its 2010 outlook, sending its shares higher.

Global automakers in India are planning to launch new models and boost investment in the country, executives said at a conference, signaling brisk demand in one of the fastest growing car markets in the world.

A roll call of luxury carmakers have descended on Russia to rally the nation's long list of billionaires to snap up their latest models in the wake of last year's industry collapse.

Ford Motor Co temporarily halted shipments of Fiestas from its Mexico factory in the past week due to a faulty part, compounding an inventory shortage for the new small car and further complicating a key vehicle introduction.

Two of China's top automakers posted forecast-beating earnings on Wednesday but will struggle to match that performance amid a murky outlook for the world's biggest auto market.

China's Geely Automobile Holdings, whose parent bought Ford's Volvo unit this month, warned of tougher competition and slower sales after its record first-half earnings beat forecasts on Wednesday.

Toyota Motor Corp said on Wednesday it wants to reach cumulative sales of 5 million hybrid vehicles in the early part of this decade.

Russia's car market is emerging fast from the crisis as cheap loans return and consumer confidence grows, leading auto makers said on Wednesday as they delivered upbeat forecast for sales growth this year.

U.S. safety regulators have opened a preliminary investigation of about 3 million older Jeep Grand Cherokees with fuel tanks that may present a fire risk in a crash

U.S. auto safety regulators have stepped up an investigation into the risk that up to 1.2 million Toyota Motor Corp Corolla and Matrix vehicles could stall due to defective electronic engine control units.

Chrysler CEO Sergio Marchionne said on Monday it will be difficult for the automaker to turn a net profit for the full year 2010.

Russia's autoshow is expecting a host of wealthy car-buyers to flock to the annual auto industry bonanza this week as high-end vehicles take the spotlight away from budget rivals.

An Italian union said Monday it will file a criminal complaint against carmaker Fiat SpA after the company refused to allow three dismissed employees back to work despite a court ruling ordering their reinstatement.

Volkswagen AG's management is eyeing the potential acquisition of the Alfa Romeo brand should Fiat SpA consider putting it up for sale.

China's BYD Co Ltd, backed by U.S. billionaire Warren Buffett, warned on Monday of a slowdown in car sales during the second half of the year and said it will launch new models to lessen the impact.

Fiat boss Sergio Marchionne is heading for a showdown with powerful industrial lobbies as he pushes for more flexible work practices that could lead to a broader shakeup of rules in the Italian car industry.

Mutual funds and other large stockholders may rebalance auto sector holdings after General Motors Co's initial public offering, but day-to-day stock prices are not the main measure of Ford Motor Co's turnaround

J.D. Power and Associates cut its U.S. auto sales forecasts for the remainder of 2010 and 2011 as it expects a slow economic recovery

General Motors Co took a big step toward repaying a controversial taxpayer-funded bailout by declaring plans for a landmark stock offering that represents a critical test for the Obama administration.

Toyota Motor Corp plans to introduce a start-to-finish manufacturing system for midsize hybrid vehicles made by a Kyushu subsidiary to meet growing consumer demand for hybrids.

German automaker Volkswagen AG struck a deal with workers at its Mexican plant to avoid a strike threatened by the factory's union

General Motors and China's SAIC Motor Corp deepened their ties to include the joint development of small engines and transmissions as the U.S. automaker seeks to draw on the allure of the fast-growing China market ahead of a highly anticipated IPO.

U.S. safety regulators have opened a preliminary investigation into a potential problem with the Kia Soul after a driver reported a complete loss of steering and limited braking in a two-month-old car.

General Motors Co will recall more than 243,000 model year 2009/2010 crossover sport utilities, mainly in the United States, to inspect safety belts for possible damage.