Nissan Motor Co and Volkswagen AG posted double-digit percentage gains in November U.S. sales, a strong showing for a month analysts were expecting to set a more than two-year record overall.
Higher incentives and better model selection in November led to the best month for U.S. auto sales in more than two years.
The Malkin family, the New York landlords who own the Empire State Building, plan to file to become a publicly traded real estate investment trust (REIT) in around three months, it said in a Securities and Exchange Commission filing.
General Motors Co will allow Chevrolet Volt owners to drive other GM vehicles while U.S. regulators investigate the safety of batteries used in the Volt after crash tests produced fires.
At a time when electric cars are beginning to steal the limelight from their gas-eating rivals, a new finding from the National Highway Traffic Safety Administration (NHTSA) over General Motors' (NYSE:GM) electric vehicle, Chevrolet Volt, may likely question the safety of electric cars.
U.S. auto safety regulators are opening a formal investigation into fire risks in General Motors' Volt vehicles, the National Highway Traffic Safety Administration said on Friday.
General Motors Co and the United Auto Workers announced details of expanded work on Monday at the former Saturn plant in Tennessee that will create nearly 1,900 jobs by 2014.
A Procter & Gamble Co. representative said former company CEO John Smale, 84, died Saturday in Cincinnati. No immediate details regarding his death were revealed.
The 10-day-long Los Angeles Auto Show began Friday at the Los Angeles Convention Center, with more than a thousand cars on display, including concept and ecofriendly vehicles.
The U.S. auto industry will grow slowly, with next year's sales possibly rising slightly from 2011, a top General Motors Co executive said on Tuesday.
Volkswagen has pressed U.S. regulators to change a proposal to double auto fuel efficiency, arguing the plan puts it at a competitive disadvantage and unfairly de-emphasizes clean diesel engines.
Delphi Automotive Plc
raised $530 million in its initial public offering -- in a deal that values the company much less than it had hoped for when IPO plans were first being formed.The top aftermarket NYSE gainers Tuesday were: Hillenbrand, Stepan, Hewlett-Packard, Hecla Mining, Williams Companies, Edwards Lifesciences, Omega Healthcare Investors, Dean Foods, General Motors and Beazer Homes USA.
US officials have launched an investigation to scrutinize the safety of lithium-ion batteries used to power electric vehicles after a General Motors Chevrolet Volt caught fire after a routine test.
U.S. regulators are investigating the safety of batteries used to power electric vehicles after a General Motors Co Chevrolet Volt caught fire following a routine crash test.
A fire involving a General Motors Co Chevy Volt has prompted a U.S. government safety investigation of batteries used to power electric vehicles.
General Motors Co posted a lower third-quarter profit on losses in Europe and offered a disappointing outlook that raised doubts about the speed of its turnaround two years after emerging from bankruptcy.
Stocks slid more than 2 percent on Wednesday as a spike in Italian bond yields heightened fears the debt crisis in Europe was spreading.
Too bad Greece never had a Tea Party. If it had, it wouldn't be in the mess it's in now. It wouldn't have become the beggar of Europe, eking out a living on the kindness of strangers.
Stocks dropped more than 2 percent in early trading on Wednesday as a spike in Italian bond yields prompted fears the region's debt crisis was spiraling.
General Motors Co posted a third-quarter profit that fell 15 percent after a loss in Europe and forecast that operating profit in the current quarter would be flat from a weak fourth quarter in 2010.
General Motors Co posted a stronger-than-expected quarterly profit as it gained market share in North American and Asian markets, but backed away from its full-year break-even target in Europe due to deteriorating conditions there.
