Chrysler Group LLC posted a 44 percent rise in U.S. auto sales in January, led by gains for its Jeep brand, while its larger domestic rival General Motors Co lost ground in a month marked by modest growth.
Chrysler is profiting from strong Jeep sales and automakers are expected today to announce healthy year-over-year January sales increases in the U.S., with only General Motors Corp. trailing the pack.
Honda Motor Co <7267.T> is expected to report a double-digit slide in quarterly operating profit on Tuesday and forecast a still larger drop for the full year, as natural disasters in Japan and Thailand hit it harder than rivals.
While Florida authorities continue to investigate the cause of the horrific Interstate 75 pileup on Sunday, which has left 10 people dead and multiple others injured, one man has said the Florida crashes looked as if it was the end of (the) world.
The first crash report providing details of the horrific crash in Florida, which caused a pileup on Interstate 75 early Sunday, has been released, according to The Gainesville Sun.
Nissan Motor Co. said Thursday that it will build a $2 billion plant in Mexico to manufacture small cars, most of which will be sold in the U.S.
New car sales in January continued to rise at a steady pace, according to TrueCar.com, continuing the auto industry's slow but stable recovery.
Japan's Nikkei average scaled a new three-month high on Wednesday, boosted by gains in exporters such as Toyota Motor and Canon as the yen weakened following data showing Tokyo posted its first annual trade deficit since 1980.
Japan first annual trade deficit in more than 30 years calls into question how much longer the country can rely on exports to help finance a huge public debt without having to turn to fickle foreign investors.
Gold prices struggled Wednesday to hold recent gains as the dollar rose and investors awaited results of the Federal Reserve's two-day meeting on interest rates.
Japan's Nikkei average hit its highest level in nearly three months Tuesday on hopes that a Greek debt deal will still be reached even after European finance ministers rejected an offer by Greece's private creditors.
The Chevy Volt got a regulatory boost Friday after the National Highway Traffic Safety Administration concluded that Chevy Volts - and electric vehicles in general - did not pose additional fire safety risks, thereby saving the emerging auto market from becoming roiled in red tape.
Electric vehicles got a regulatory boost Friday after the National Highway Traffic Safety Administration concluded that Chevy Volts - and electric vehicles in general - did not pose additional fire safety risks.
Toyota Motor Corp has developed a way to make hybrid and electric vehicles without the use of expensive rare earth metals, in which China has a near-monopoly, Japan's Kyodo News reported.
Toyota Motor Corp is cutting 350 jobs at its Australian manufacturing operations due to an ongoing downturn in production levels, a rare move from the Japanese auto giant.
Protesters stormed the Benghazi headquarters of Libya's ruling National Transitional Council (NTC) Saturday while its chairman was still in the building. The attack is a blow to the self-appointed but internationally recognized NTC, and it underscores growing discontent over the way it is running the country.
General Motors Co regained its title as the world's top-selling automaker in 2011, less than three years after its 2009 taxpayer-funded bankruptcy under the Obama administration.
The last public days of the 2012 North American International Auto Show are winding down in Detroit. Here's a look back at the top cars at the show:
The volatility, panic, and the resulting tightening of investors' purses that dominated credit markets for much of 2011 is giving way to calm, creating a flood of cash from investors now confident enough to put their money back into corporate bonds. Somewhat surprisingly, crisis-exposed financial institutions, even in Europe, have been able to take advantage.
Stock index futures pointed to a slightly lower open for equities on Wall Street on Friday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 down 0.02 to 0.2 percent.
Volkswagen AG, which sold 8.16 million vehicles last year comes second.
General Motors has once again grabbed the largest share of global sales and become the world's largest automaker, moving past sales of Toyota and Volkswagen in 2011.