GENERAL MOTORS

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.

Mitt Romney is earning the ire of Democrats due to his opposition of the auto industry bailouts ahead of the GOP debate in Michigan on Wednesday.

Toyota Motor Corp posted a 32 percent drop in quarterly operating profit and withdrew its full-year profit forecasts.

Automobile manufacturers General Motors (GM) is recalling more than 38,000 Pontiac G8 vehicles, over an issue with its airbags that may increase the risk of head injury in accidents.

Stock index futures pointed to a sharply lower open for equities on Wall Street on Monday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 down 1.2 to 1.3 percent.

General Motors Co is recalling more than 38,000 Pontiac G8 models in order to reprogram airbag modules for the front passenger seats, the U.S. automaker said in a release on Saturday.

The major US banks were particularly hammered.

U.S. auto dealers are working to undo the Obama administration's fuel efficiency agenda, replacing car companies that for years kept such mandates at bay with the help of allies in Congress.

Chrysler Group LLC posted a 27 percent gain in October U.S. sales -- its best result in four years -- as major automakers reported results pointing to the strongest showing for industrywide vehicle sales since the start of 2011.

Chrysler Group LLC posted a 27 percent gain in October U.S. sales -- its best result in four years -- as major automakers reported results pointing to the strongest showing for industrywide vehicle sales since the start of 2011.

General Motors Co sees growth of between 7 percent to 10 percent in China's car market this year, its chief executive said on Sunday.

Roland Li

Workers represented by the United Auto Workers union ratified a four-year contract with Chrysler Group LLC, the last Detroit automaker to reach a labor deal.

Saab moved closer to collapse on Friday after a planned rescue by Chinese investors was thrown into doubt and a court-appointed administrator moved to lift the Swedish carmaker's protection from bankruptcy claims.

Suzuki Motor Corp accused Volkswagen of breaching a partnership pact by withholding hybrid technology it promised to share, pushing their two-year-old alliance to the brink of disintegration.

The deal negotiated by Chrysler and the United Auto Workers includes a boost in hourly wages, additional bonuses, and an agreement by the company to bring over 2,000 jobs to the United States.

Workers at a large Ford Motor Co union local near Detroit rejected the proposed Ford-United Auto Workers contract in early voting, indicating it could be a cliff hanger until voting is finished on October 18.

Three years after the collapse of Lehman Brothers touched off a tidal wave of bankruptcy filings, corporate failures may be about to pick up again, with some big-name companies among those struggling for survival.