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Cash for clunkers gets a $2 billion boost

The U.S. Senate approved and sent to the White House on Thursday a $2 billion extension of the cash for clunkers autos sales incentive program.

Magna posts loss on weak auto market

Canadian auto parts company Magna International Inc , one of the bidders vying to buy carmaker Opel from General Motors, reported a quarterly loss Friday, hurt by steep declines in global auto production.

Magna posts Q2 loss on weak auto market

Canadian auto parts company Magna International Inc , one of the two bidders vying to buy carmaker Opel from General Motors, on Friday reported a second quarter loss, hurt by steep declines in global auto production.

Autos clunker extension cleared, rebates top $920 million

The U.S. Senate approved and sent to the White House on Thursday a $2 billion extension of the cash for clunkers autos sales incentive program.

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U.S. invests record $2.4 billion in batteries for electric vehicles

President Barack Obama announced at a Navistar International Corporation factory in Elkhart, Indiana, on Wednesday, a $2.4 billion investment from the Department of Energy, for advanced battery technology for hybrid and electric-drive vehicles, the single largest investment ever made for this purpose, according to the department.

GM, Ford, Chrysler get funds to build up electric car industry in U.S.

The big three of Detroit, General Motors Co., Ford Motor Co., and Chrysler LLC were awarded today with millions in funding from the government's stimulus package to manufacture and deploy electric vehicles, batteries and components in the United States, the Department of Energy said.

GM opposition to Magna waning: German politicians

General Motors Co and Magna International Inc have narrowed their differences in talks over the Canadian supplier's bid for Opel and only a small number of issues are still pending, German politicians said on Wednesday.

American Axle cites bankruptcy risk after deep loss

American Axle & Manufacturing Holdings Inc reported a bigger-than-expected quarterly loss on Wednesday due to steep production cuts by automakers and said it remained uncertain whether it could complete a debt restructuring outside of bankruptcy.

GM opposition to Magna waning, say German politicians

General Motors and Magna have narrowed their differences in talks over the Canadian supplier's bid for Opel and only a small number of issues are still pending, German politicians said on Wednesday.

Senate will OK

The U.S. Senate will approve a $2 billion extension of the

Canada auto sales weaken in July, but Ford shines

Ford Motor Co (F.N) of Canada was the country's top-selling automaker for a second month in a row in July, when sales jumped more than 47 percent from a year earlier even as its main rivals recorded another month of declines.

Daily Wrap Up - August 4

Consumers Spending More, GM's Thumbs Up, Clunkers Go!

Board endorses direction of reorganized GM

The board of General Motors Co endorsed the automaker's direction and the focus of management after the first meeting of directors since GM emerged from a U.S. government-financed bankruptcy last month.

Senate will OK 'clunker' extension this week-Reid

The U.S. Senate will approve a $2 billion proposal to extend the cash for clunkers auto sales incentive by week's end, the Senate Democratic leader said on Tuesday.

Senate will OK clunker extension this week: Reid

The U.S. Senate will approve a $2 billion extension of the cash for clunkers auto sales incentive by week's end, Majority Leader Harry Reid said on Tuesday, giving new life to a successful program that has boosted industry sales to a 2009 high.

GM, Germany talk on Opel buyer, need more time

U.S. carmaker General Motors [GM.UL] and German officials began a fresh round of talks on Tuesday to try to narrow their differences on which bidder they want to take control of its Opel unit.

Mid-Day Minute - August 4

'Flashes' under the gun, Opel Talks Advance, Bigger Spenders

German official says progress made in Opel talks

German Deputy Economics Minister Jochen Homann said on Tuesday that German officials and General Motors had made significant progress in talks over the sale of the U.S. carmaker's Opel unit.

GM takes more time to negotiate over Opel sale

General Motors is taking more time to negotiate with Magna and RHJ International over the planned sale of its European arm Opel, the U.S.-based company said on Tuesday.

Toyota trims annual loss forecast, still cautious

Toyota Motor Corp said its annual loss would be smaller than earlier forecast thanks to deeper cost cuts and government measures to jump-start sluggish global auto demand, but remained cautious on the prospects for a sustainable recovery.

Toyota sees smaller annual loss after beats forecast

Toyota Motor Corp reported its third straight quarterly loss, but beat expectations and said its annual loss would be smaller than earlier forecast, as deep cost reductions help make up for some of the slump in global vehicle sales.

GM U.S. July sales fall 19.4 percent

General Motors Co said on Monday its U.S. auto sales fell 19.4 percent in July from a year earlier, but retail sales rose from the month before for a fifth consecutive month, supported by the U.S. government's Cash for Clunkers incentives.

GM readies deeper cuts as 6,000 workers leave

More than 6,000 General Motors Co workers took buyout offers in the company's first month after emerging from bankruptcy, and it plans to cut its hourly workforce by another 7,500 through the end of 2009.

Clunker trade-ins boost July U.S. auto sales

The punishing four-year decline in U.S. auto sales may have reached a turning point this week -- just as Michael Papa handed over the keys to his 1996 Ford Explorer for a government-sponsored trade-in.

More than 6,000 GM hourly workers leave automaker

More than 6,000 U.S. hourly workers have left General Motors Co under the automaker's latest buyout program intended to make it a leaner company after its emergence from bankruptcy.

Midday minute August 3 â€“ Finance

Ford Motor Co. on Monday reported an increase of 2.3 percent to 165,279 vehicles in July monthly sales, its first monthly gain since 2007. The automaker said that it benefitted from the federal Cash for Clunkers new-car incentive program.

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