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GM says July China vehicle sales up 77.7 percent on year

General Motors Co said on Monday its China vehicles sales in July jumped 77.7 percent from a year earlier, extending an uninterrupted series of single month sales records since January.

Clunker trade-ins to 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.

Germany, GM to meet Opel bidders Tues: government sources

German government officials and General Motors representatives will meet the remaining bidders for Opel on Tuesday to work on forging a deal on who takes over the GM unit, government sources said on Monday. Two rounds of talks are planned, one with Canadian auto parts supplier Magna and one with RHJ International , a Belgium-based financial investor that traces its or...

Germany, GM to meet Opel bidders Tuesday: government sources

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Congress moves to autos 'clunkers' plan

The U.S. Congress moved to triple the funding for the government's successful Cash for Clunkers auto rebate program, which has brought car buyers back into showrooms and raised the outlook for an industry beset by abysmal sales, bankruptcies and job cuts.

Congress tries to extend auto 'clunkers' plan

The successful Cash for Clunkers program that gives drivers a rebate to turn in an old car to buy a new one moved closer to being extended on Friday when the U.S. House approved $2 billion for the program, which a dealership group said was pumping auto sales.

U.S. Congress tries to extend autos clunkers plan

AutoNation profit down, but improving market seen

Top U.S. auto dealer chain AutoNation Inc posted a 29 percent drop in quarterly earnings, but forecast an improving market after slashing inventory costs and seeing a sharp gain in July sales.

Government looks for more money for clunkers program

The U.S. Cash for Clunkers plan to jump start car sales by offering up to $4,500 for older cars swapped out for new ones is so successful that the White House and Congress were scrambling on Friday to find $2 billion more for the program.

New funding sought for U.S. clunker program

The U.S. government's $1 billion cash for clunkers auto sales incentive program reached its funding limit unexpectedly after an avalanche of business exhausted its funds, an Obama administration official said late Thursday.

U.S. cash for clunkers reaches funding limit

U.S. auto clunker program reaches limit

U.S. won't suspend auto clunkers program: official

The U.S. government will not suspend its $1 billion cash for clunkers auto sales incentive even though confirmed sales and pending transactions neared the limit of 250,000 vehicles much sooner than expected, an Obama administration official said on Thursday night.

Opel Task Force member does not see deal by August 3

A member of the German government's Opel Task Force told Reuters on Thursday that negotiations between General Motors GM.UL and the two competing bidders for Opel could drag on longer than expected.

Obama expects GM, Chrysler to repay back loans

President Barack Obama said on Wednesday that General Motors Co [GM.UL] and Chrysler Group were companies worth saving, but he expects both to repay their government loans.

Ranking of world's top 10 auto groups by H1 sales

In the first half of 2009, Toyota Motor Corp (7203.T) and General Motors [GM.UL] remained the world's two biggest automakers despite a more than 20 percent drop in sales from the year earlier.

Car and truck maker losses mount, outlooks steadier

French carmaker Renault on Thursday posted a worse-than-expected loss on for the first half in line with results at its European rivals as auto sales fell sharply but it said the outlook is stabilizing.

Obama expects GM, Chrysler to repay loans

President Barack Obama said on Wednesday that General Motors Co and Chrysler Group were companies worth saving, but he expects both to repay their government loans.

Magna sweetens Opel bid to soothe critics -sources

Canadian auto parts maker Magna offered to increase the amount of upfront capital it would invest in Opel as part of a bid for the General Motors' European unit, several sources said on Tuesday.

China's Great Wall Motor considering A-share IPO

Chinese automaker Great Wall Motor Co is considering resurrecting plans for a domestic A-share initial public offering as China's stock and auto markets have rebounded strongly, company executives said on Tuesday.

Delphi favors bid from bankruptcy lenders

A group of hedge funds that provided bankruptcy funding to Delphi Corp on Monday won a high-stakes auction to take control of the auto parts supplier, scuttling a rival deal brokered by the Obama administration.

Opel labor demands more say in disposal decision

Opel's labor force demanded greater say in the process of selecting a future investor for the German carmaker and called on former parent General Motors GM.UL to forgo any right to buy back a stake at a later point.

Opel Trust says has not taken any decisions on Opel bids

The Opel Trust, the German body which has been responsible for Opel since June, said on Saturday it has not made any decisions yet regarding the takeover offers for the carmaker.

Citigroup names three directors, adds Grundhofer role

Citigroup Inc said it has appointed three new directors and installed a new chief to oversee its retail banking unit, addressing criticism that it lacks enough leaders with commercial banking experience.