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  • BEIJING/ NEW DELHI, May 4- General Motors aims to grab at least 5 percent market share in India within the next decade, as it sees that market overtaking Japan as the world's third biggest with projected annual sales of 8 million vehicles by 2025.. The Detroit carmaker, which is losing money in India even after 18 years there, will unleash a product blitz aimed at...

  • DETROIT— General Motors is knocking nearly $1,200 off the price of the 2016 Chevrolet Volt plug-in hybrid car. The company says the new Volt will start at $33,995 including shipping when it goes on sale in the fall. The current version costs $35,170.

  • DETROIT, May 3- Detroit's automakers, on track for their best sales year since 2006, may want to brace themselves for rockier times ahead. Auto executives say the industry is as healthy as it's been since being restructured in 2009. But judging by the recent stock performance of General Motors Co, Ford Motor Co and Fiat Chrysler Automotive, investors have a less...

  • DETROIT— U.S. safety regulators have rejected a Rhode Island man's request for an investigation into low-speed unintended acceleration problems with Toyota Corolla compact cars. The National Highway Traffic Safety Administration, in documents posted on its website Saturday, said it put over 2,000 miles on a 2010 Corolla owned by Bob Ruginis, of Bristol,...

  • Ford sales up 5 percent in April Friday, 1 May 2015 | 9:41 AM ET

    DETROIT— Ford says its U.S. sales rose 5 percent last month for its best April in nine years. The Dearborn, Michigan, automaker sold more than 222,000 cars and trucks last month, led by small and midsize SUVs. The revamped Ford Edge midsize SUV posted its best April sales ever at just over 13,000. That was a 78 percent increase over a year ago.

  • General Motors April US sales rise 5.9 percent Friday, 1 May 2015 | 9:31 AM ET

    DETROIT— General Motors says its U.S. sales last month rose 5.9 percent as Americans snapped up small and midsize SUVs. The Detroit company says it sold just over 269,000 cars and trucks last month, matching expectations of industry analysts. The automaker was led by Chevrolet Equinox midsize SUV.

  • DETROIT— Under pressure from U.S. safety regulators, Ford is expanding a recall of small and midsize cars to fix door latches that may not stay closed. Ford Motor Co. added about 156,000 Fiestas to a recall announced a week ago. Earlier this week, the U.S. National Highway Traffic Safety Administration warned owners of the cars to get them repaired as soon as they get...

  • Small, midsize SUVs drive April US auto sales gains Friday, 1 May 2015 | 8:29 AM ET

    A big drop in gas prices, to an average of $2.60 a gallon from $3.69 a year ago, also works in favor of SUVs. The Equinox posted a 42 percent sales increase to almost 29,000 in April, while Cruze sales fell nearly 4 percent to just under 21,000. Both vehicles are made by General Motors. Honda's CR-V, the top-selling SUV, posted a 3 percent gain to more than 29,000,...

  • American Axle beats Street 1Q forecasts Friday, 1 May 2015 | 8:28 AM ET

    DETROIT _ American Axle& Manufacturing Holdings Inc. on Friday reported first-quarter earnings of $53.2 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 58 cents per share. American Axle shares have risen 10 percent since the beginning of the year.

  • LONDON, May 1- The London Metal Exchange has fined one of its warehousing operators, CWT Commodities, 100,000 pounds for breaching information barriers with associated trading companies. The only directly comparable disciplinary action to that against CWT was the 50,000- pound fine imposed on Henry Bath in 1999 for trading metal on its own account.

  • Baltimore riot damage adds burden to small businesses Thursday, 30 Apr 2015 | 3:02 PM ET

    BALTIMORE— Richard Sung Kang's American dream came crashing down in a shower of broken glass. His West Baltimore liquor store and bar, the Oxford Tavern, was hit by looters during a riot over the police-involved death of neighborhood resident Freddie Gray. About 200 small businesses were unable to open the day after the violence, Maryland Gov.

  • Business events scheduled for Friday Thursday, 30 Apr 2015 | 1:31 PM ET

    WASHINGTON— Institute for Supply Management releases its manufacturing index for April, 10 a.m.. WASHINGTON— Commerce Department releases construction spending for March, 10 a.m.. CVS Health Corp. reports quarterly financial results before the market opens.

  • DETROIT, April 30- General Motors Co said on Thursday it will spend $5.4 billion over the next three years on its U.S. manufacturing plants to boost production and vehicle quality. GM outlined about $784 million of the investments for three Michigan plants, and said it would give details over the next several months about the remaining $4.6 billion in spending.

  • DETROIT— General Motors plans to spend $5.4 billion to improve its U.S. factories during the next three years, creating about 650 new jobs. The investments come as Detroit automakers prepare for contract talks with the United Auto Workers union that will start this summer, and as many automakers including GM are announcing plans to build or expand factories in...

  • April 29- General Motors Co said it is likely it will cease vehicle production in Venezuela in July as the automaker joins other U.S. corporations in taking action to shield their profits from the South American country's volatile currency. GM has one plant in Venezuela, in Valencia, where it builds the Chevrolet Aveo and Cruze cars, the Orlando crossover vehicle...

  • DETROIT, April 29- General Motors on Thursday will announce a multibillion-dollar, multiyear investments in several U.S. manufacturing plants in a move to boost production and vehicle quality, a person familiar with the matter said. The announcement comes as GM and the United Auto Workers union gear up to negotiate a new master contract this fall for GM's...

  • GM to invest billions of dollars in U.S. plants - source Wednesday, 29 Apr 2015 | 4:03 PM ET

    DETROIT, April 29- General Motors on Thursday will announce a multibillion-dollar, multiyear investments in several U.S. manufacturing plants in a move to boost production and vehicle quality, a person familiar with the matter said. GM has scheduled a press conference at its stamping plant in Pontiac, Michigan, to make a "major U.S. manufacturing announcement."

  • *Fiat Chrysler CEO Calls for "largescale" consolidation. MILAN/ DETROIT, April 29- Fiat Chrysler Automobiles Chief Executive Sergio Marchionne on Wednesday made a plea for shrinking the number of players in the global auto industry as the company reported lower-than-expected first quarter results and outlined new plans to boost North American profit...

  • DETROIT— The owners of a long-shuttered train depot that for nearly two decades has been one of Detroit's most well-known eyesores will be required to install 1,050 windows this year as part of a land transfer deal with the city, Mayor Mike Duggan announced Wednesday. In exchange for the enhancements to the Michigan Central Depot, the Ambassador Bridge Co....

  • Flint has been run by a succession of emergency managers appointed by Snyder since 2011. The city is returning to local control, although a five-member transition board will have a significant role in reviewing major contracts and budgets. "This is a new day for Flint, and the city is ready to move toward a brighter future," Snyder said. Flint, the birthplace of...