Three years after receiving a hefty bailout check from the United States government and enduring a bankruptcy and restructuring process, General Motors Co. is set on attaining a goal of earning more than $10 billion a year.
Chrysler Group LLC will bolster its Belvidere, Ill., assembly plant with 1,800 new jobs, Fiat and Chrysler Chief Executive Sergio Marchionne said Thursday. About 500 of those jobs will solely focus on production of the all-new 2013 Dodge Dart, which Chrysler introduced last month at the 2012 North American International Auto Show in Detroit.
Picture President Barack Obama's reelection campaign as a showroom. Over there, at one stand, is an overall improving economy -- he hopes. And somewhere in the showroom, either as a part of the economy stand or standing on its own, will be the health and restoration of the United States automotive industry. If the past week and a half is any indication, Obama plans to use it as a critical point in his reelection campaign as the industry continues a dramatic recovery from dire straits just mor...
Many major automakers reported January sales on Wednesday, and their results signaled further rebound in a recovering United States auto industry.
Gold rose on Wednesday as the dollar slipped against the euro and on strong global manufacturing data, while analysts said profit taking could pressure the precious metal after its biggest January gain in 32 years.
U.S. manufacturing activities expanded at a faster pace in January, according to a closely-watched reading on the health of the sector in a demonstration that manufacturing is starting out the year on a positive note.
U.S. automaker Chrysler Group LLC swung to a full-year net income of $183 million on Wednesday, and made the bold prediction that profit would be eight times higher in 2012, on strong sales in its main U.S. market.
President Barack Obama pushed into second-gear at the Washington Auto Show on Tuesday, taking a swipe at potential challenger Mitt Romney as the Republican primaries in Florida were underway.
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.
The Big Three U.S. automakers may be on the rebound but the original Motor City, Detroit, is still battling to turn the tide of decline. One of the people leading the fight is Charles Pugh.
Chrysler plans on adding 1,600 production workers to an Illinois assembly plant, the first step in a rejuvenation the company expects will add thousands of workers to its payroll over the next three years.
A Chrysler 300C once used by President Barack Obama is for sale on eBay with the opening bid of $1 million.
Lisa Czibor is positive her listing of the 2005 Chrysler 300C -- one that President Barack Obama reportedly once owned or leased and drove -- will sell for the hefty price of $1 million.
For a minimum of one million dollars, President Barack Obama's old 2005 Chrysler 300C could be yours.
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.
Dan Akerson, the chairman and CEO of General Motors, began efforts to rebuild the image of the Chevrolet Volt in testimony delivered to a House Oversight and Government Reform Committee hearing in Washington.
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:
Hyundai said Tuesday that it was proud to rank highest among automotive brands in the J.D. Power and Associates 2012 Consumer Retention Study, attributing the honor to an expanding model lineup and better perceptions of Hyundai's quality and appeal across the board in recent years.
The average age of U.S. vehicles rose to a record high in 2011, but an automotive analysis firm expects that to decline in the coming years as new sales climb and consumers gain confidence in a recovering economy.
DETROIT -- As Marc Harlow walked around Detroit's Cobo Center during the first day of the 2012 North American International Auto Show, he saw a different scene from recent years. To Harlow, one of the members of the show's public relations team, the buzz of the Detroit Auto Show had returned amid a brightening global outlook on the automotive industry.
The International Business Times spoke with Bob Lutz on Tuesday about Via Motors' plans, the state of the U.S. auto industry and more.
Detroit's economy wasn't exactly in great standing before the housing bubble burst, before the automotive manufacturing that supports the community burst. It was already a case of haves, and have-nots. But when it all came crumbling down, with automakers slashing jobs and two filing for bankrtuptcy -- General Motors and Chrysler -- the shaky pedestal gave way.