GENERAL MOTORS

General Motors Co and Ford Motor Co reported slightly lower U.S. vehicle sales in May as broader economic weakness and higher vehicle prices prompted consumers to delay major car purchases.

General Motors Co on Wednesday reported a 9 percent rise in retail sales in May from a year earlier, but total sales including bulk fleet purchases fell 1 percent.

The outlook for China's car industry had turned to neutral from positive, weighed down by factors such as rising inflation and weaker consumer confidence, the top executive of SAIC Motor Corp <600104.SS> said on Friday.

General Motors will create 110 jobs and invest $331 million to purchase tooling and equipment and expand the Arlington Assembly Plant to make future Chevrolet Tahoes, Suburbans, GMC Yukons and Cadillac Escalades, the carmaker said on Thursday.

General Motors on Wednesday said it will add 2,500 jobs at the Detroit-Hamtramck assembly plant to build the new Chevrolet Malibu mid-size sedan and the next-generation Impala large sedan alongside the Chevrolet Volt and Opel Ampera electric cars.

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Ford Motor Company (F) announced today it is building its first transmission plant in China to support its growth plan there, in the world's largest auto market, the carmaker said in a statement.

General Motors Co said on Wednesday that it will make 60,000 Chevrolet Volt and Opel Ampera in 2012, up from its previously announced 45,000 production outlook.

General Motors will build its first major electric motor plant near Baltimore in Maryland, which will be the first of its kind to manufacture critical components for vehicle electrification. It is scheduled to open in 2013, the carmaker said in a statement.

Insurance conglomerate AIG had been named the least reputable company in the United States by the annual Reputation Report from market researcher Harris Interactive.

General Motors plans to invest about $2 billion in U.S. assembly and component plants, creating or preserving more than 4,000 jobs at 17 facilities in eight states, the carmaker said in a statement.

The U.S. Treasury does not plan to start selling its remaining shares in General Motors Co until August at the earliest, after the automaker's second-quarter financial results, people familiar with the matter said.

The U.S. Treasury does not plan to start selling its remaining shares in General Motors Co until August at the earliest, after the automaker's second-quarter financial results, people familiar with the matter said.

GM has announced that it will invest $2 billion in two years from now, creating or retaining 4,000 jobs.

General Motors Co said on Tuesday it will invest about $2 billion in 17 U.S. plants, including one here that makes transmissions for small cars, as the automaker shifts from recovery mode to investing in future products.

General Motors (NYSE: GM) is planning to add or preserve about 4,200 jobs in eight states (including 2,000 in the Detroit area alone), according to a report in the Detroit Free Press newspaper.

Robert Stempel, the first engineer to become the chief executive of General Motors Co , died on Saturday in Florida, the Detroit Free Press reported. He was 77.

A tripling of profits by General Motors Co was marred by incentives to lift car sales, raising doubts about the automaker's ability to maintain momentum since emerging from bankruptcy.

Shares of General Motors Co fell as much as 4.7 percent on Thursday as investor concerns over weak pricing at the No. 1 U.S. automaker outweighed a giant leap in quarterly net profit.

General Motors Co is expected to report on Thursday first-quarter operating earnings more than double a year earlier, driven by a recovery in the U.S. market and strong sales in Asia.

General Motors Co's quarterly profit more than tripled, beating expectations, driven by a recovery in the U.S. market and strong sales in Asia.