Honda Motor Co forecast a smaller-than-expected 10 percent rise in full-year operating profit on Wednesday, warning tough competition would dent gains from improving sales in the United States and China.
General Motors Co on Tuesday said it would invest about $890 million to upgrade five North American plants to build the next-generation V8 engine for its full-sized pickup trucks.
The U.S. Treasury on Monday plans to start selling off its 27 percent stake in Citigroup , the latest step in the Obama administration's effort to end unpopular bailout programs.
Ford Motor Co is expected on Tuesday to post a first-quarter profit with North American production picking up amid a gradual recovery in U.S. auto industry sales overall.
When Ric Hull first looked at launching Great Wall Motor pickup trucks in Australia last year, he considered rebranding them, worried their obvious Chinese origins would raise questions about their quality.
Chinese car makers may have the world's largest market to play in but face many hurdles including a shortage of original models, an overcrowded industry and a lack of overseas acquisition targets before they can challenge for global leadership.
China's auto market, which overtook the United States as the world's largest last year thanks to a raft of policy incentives, has been a major bright spot amid a global industry downturn.
China's Jianghuai Automobile Group (600418.SS) has made progress in joint-venture talks with Caterpillar (CAT.N) and Navistar International Corp (NAV.N) and sees such a tie-up as key to its strategy to improve profitability and target export markets, an executive said.
General Motors Co believes taxpayers could recoup their entire $50 billion investment in the company although the Obama administration still expects the government to take a loss, albeit a smaller one than first thought, on the industry's 2009 bailout.
General Motors Co and Chrysler on Wednesday reported progress in their government-backed turnarounds, while the Obama administration still expects a loss on the taxpayer bailout of the industry although smaller than initially forecast.
Distressed automaker General Motors Co repaid its government loans way ahead of schedule and is now on a strong path to viability, the Treasury Department said on Wednesday
General Motors Co has a real possibility of launching an initial public offering by the end of the year, Chief Executive Ed Whitacre said on Wednesday.
The space-age Aptera might look like something straight out of a futuristic cartoon, but executives at the California start-up behind the electric vehicle say its time is now.
General Motors Co expects to report solid operating results for the first quarter, which will show progress toward its goal of returning to profitability in 2010, Chief Executive Ed Whitacre said on Monday.
General Motors Co expects to report solid operating results for the first quarter, which will show progress toward its goal of returning to profitability in 2010, Chief Executive Ed Whitacre said on Monday.
U.S. safety regulators are investigating a potential for brake failure in General Motors Co vehicles that could affect up to 6 million trucks and SUVs sold from the model years 1999 through 2003.
Sales of passenger cars grew by almost two-thirds in China last month as buoyant consumer sentiment bolstered spending on big-ticket items in the world's third-largest economy.
SAIC Motor, China's largest automaker, plans to roll out its first self-developed hybrid car this year, followed by a plug-in hybrid car in 2012, a senior executive said on Thursday.
General Motors Co posted a net loss for 2009, but said it was possible to make a profit this year and that it was laying the foundation to return to public ownership.
General Motors Co posted on Wednesday a $4.3 billion net loss from the time of its emergence from bankruptcy in July through the end of the year and said it believes a profit is possible in 2010.
U.S. auto sales jumped to a seven-month high in March led by a 41 percent surge at Toyota Motor Corp after the Japanese automaker offered the steepest discounts in its history to win back sales lost during its recent safety crisis.
U.S. auto sales jumped 24.3 percent in March, the strongest result in months, led by a rebound at recall-hit Toyota Motor Corp , which offered record incentives aimed at putting the crisis behind it.
