United Auto Workers union and General Motors reach tentative agreement on a new four-year contract 16 minutes short of deadline.» Read More
DETROIT-- The union for striking Detroit Water and Sewerage Department workers says it will continue the walkout until the city gives amnesty to 34 workers threatened with firing. The union struck Sunday to protest Detroit's plan to downsize the department and eliminate most of the jobs in the department over several years.
Oct 4- Tesla Motors Inc Chief Executive Elon Musk dismissed fears the electric carmaker was in financial trouble and said it was making an advance payment on the federal loan used to make its Model S sedan.
DETROIT-- Honda says it is recalling more than 820,000 Civic compact cars and Pilot SUVs because the headlights can fail. The recall affects Civics from the 2002 and 2003 model years and Pilots from 2004 and 2005.. Honda says it will fix the wiring for free.
DETROIT, Oct 4- Tesla Motors Inc Chief Executive Elon Musk dismissed fears the electric carmaker was in financial trouble and said it was making an advance payment on the federal loan used to make its Model S sedan.
DETROIT, Oct 3- The Dodge Dart, the model Chrysler is betting on becoming a top-selling small car, was among four new vehicles on the U.S. market to receive a top crash-test rating by an influential safety group on Wednesday.
DETROIT-- Thirty-four Detroit Water and Sewerage workers who went on strike over pay cuts and the city's plan to downsize the department over several years have been suspended without pay and face firing.
*GM, Ford see soft truck sales; Toyota up 41.5 pct. DETROIT, Oct 2- U.S. auto sales last month posted their best showing in 4-1/ 2 years, helped by cheap financing, rising consumer confidence and a major rebound by Toyota Motor Corp.
DETROIT-- Americans found plenty of reasons to buy new cars in September, making auto sales a bright spot in the economy for yet another month. Sales rose for most carmakers, led by big gains at Toyota, Honda and Volkswagen. Gas prices have jumped 14 percent since July 1, and hit $3.79 per gallon at the end of September, a record for that time of year.
WASHINGTON-- The U.S. economy is looking more resilient, thanks in part to encouraging signs for the two most expensive purchases most Americans make: cars and homes. Cheap loans and a bounty of fuel-efficient models enticed people to buy new vehicles at a brisk pace last month.
The search for Jimmy Hoffa is not over, reports CNBC's Maria Bartiromo. The soil samples removed from beneath a driveway in Detroit have been tested and there are no signs of human remains, she says.
*Toyota, Honda see large sales gains. DETROIT, Oct 2- U.S. auto sales for September looked set to jump about 13 percent from a year ago, beating analyst estimates because of cheap financing, stronger consumer sentiment and rebounding sales from foreign automakers including Toyota Motor Corp.
DETROIT-- General Motors Co. said Tuesday that its September U.S. sales rose 1.5 percent as a big jump in car sales was offset by falling truck sales. BY THE NUMBERS: Detroit- based GM sold a total of 210,245 vehicles last month, up from 207,145 in the same month last year.
Sales rose for most automakers, led by gains of more than 30 percent for Toyota and Volkswagen. Toyota sales rose 42 percent from a year earlier, while Volkswagen jumped 34 percent from September 2011. Nissan, which has been hurt as Toyota and Honda recover from last year's earthquake in Japan, saw sales fall 1.1 percent.
DETROIT, Oct 2- Ford Motor Co said Tuesday it expects U.S. September auto sales to show a gain of 12 percent from a year ago. Ford said it expects an annualized seasonally adjusted sales rate of 15 million vehicles, including medium and heavy trucks, which would suggest a light vehicle annualized rate of about 14.7 million vehicles.
DETROIT, Oct 2- Volkswagen AG:.
DETROIT-- General Motors says its U.S. sales rose 1.5 percent last month as a big jump in car sales was offset by falling truck sales. The company says new models boosted car sales by 29 percent. But sales of the Chevrolet Silverado, GM's top-selling vehicle, fell almost 17 percent from a year ago.
By Deepa Seetharaman and Bernie Woodall. Oct 2- General Motors Co, the largest U.S. automaker, reported a 1.5 percent increase in September auto sales on the strength of its passenger car sales, while Ford Motor Co posted sales that were on par with its results from a year earlier.
DETROIT, Oct 2- Toyota Motor Corp:.
DETROIT-- Ford Motor Co. says its U.S. sales were flat in September as increases in sales of cars and SUVs were weighed down by lower truck sales. Ford's truck sales fell 7.6 percent, largely because of the discontinuation of the Ranger small pickup. The Ranger was a strong seller last September.