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.
General Motors posted a 43 percent jump in U.S. sales for March from a year earlier in its continuing brands, the first of expected sharp gains by automakers driven by incentives and better weather.
Li Shufu, the plain-spoken chairman of China's Zhejiang Geely Holding Group, faces a long, uphill journey to return Ford Motor's prestigious but loss-making Volvo brand to profitability.
General Motors Co is bringing back 600 laid-off workers at its Oshawa, Ontario, assembly plant, where it is adding a third shift to support a ramp-up in production at another local factory, the company said on Friday.
General Motors Co expects to repay $1 billion to the U.S. Treasury on Wednesday, attempting to settle the loan with the government ahead of schedule, the Wall Street Journal said, citing a person familiar with the plan.
The chief executive and largest shareholder of Dutch automaker Spyker Cars has reduced his voting interest to avoid making a buyout offer for the rest of the shares, the company said on Wednesday.
General Motors Co plans to lease retail space in four U.S. cities to offer shoppers the chance to test drive not only three Chevrolet vehicles but those of its largest rivals, a top marketing executive for the U.S. automaker said on Wednesday.
General Motors unveiled a new electric concept car in China on Wednesday , aiming to burnish its image as a supplier of non-polluting cars tailored to the crowded mega-cities of the future.
General Motors Wednesday unveiled a new concept car that it hopes will solidify its position in electric vehicles, not least in China, the world's biggest auto market.
Ford Motor Co Chief Executive Alan Mulally's total compensation rose almost 6 percent to $17.9 million in 2009 from the previous year, the automaker said on Monday.
General Motors Co's South Korean unit plans to recall some 60,000 of the Chevy Cruze small car and the Captiva sports utility vehicle (SUV) in South Korea.
Jerry York, a long-time adviser to billionaire investor Kirk Kerkorian and executive whose career spanned the auto and technology industries, has died, Apple Inc said on Thursday.
Opel workers demanded reassurances that its European brand will not be disadvantaged at the expense of sister brand Chevrolet, after Opel lost responsibility for the Russian region to an Asian arm of General Motors.
Unprecedented discounts after a series of damaging recalls boosted Toyota Motor Corp's U.S. sales in early March, as U.S. regulators weighed new auto safety measures.
Unprecedented discounts after a series of damaging recalls boosted Toyota Motor Corp's U.S. sales in early March, as U.S. regulators weighed new auto safety measures.
General Motors Co will pay back roughly $8 billion in debt to the United States and Canada before June and could go public in a way that would allow taxpayers to make a profit on the bailout, Chief Executive Ed Whitacre said on Wednesday.
General Motors Co will pay back roughly $8 billion in debt to the United States and Canada before June, its chief executive said on Wednesday, more quickly than the automaker had promised.
General Motors will pay Stephen Girsky, recently appointed vice chairman in charge of corporate strategy and business development, around $5 million a year, mainly in stocks, the company said on Friday.
