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General Motors Co

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  • TORONTO, July 2- A healthy appetite for trucks and luxury cars pushed auto sales in Canada to a record high for June, with Fiat Chrysler Automobiles the top seller, according to data released on Thursday. "Ongoing gains being enjoyed by the luxury manufacturers in the Canadian market turned into a veritable feast in June," DesRosiers Automotive Consultants wrote...

  • TORONTO, July 2- General Motors, Fiat Chrysler Automobiles and Toyota posted higher Canadian sales for June on Thursday, bolstered by healthy demand for their pickup trucks, but Ford's pickup sales fell, hurting its monthly results. Fiat Chrysler said its sales in Canada notched a 1 percent rise to 27,217 vehicles as Dodge and Chrysler minivan sales rose 14...

  • WASHINGTON, July 2- The top U.S. auto safety regulator said on Thursday he will move quickly to take action in response to Fiat Chrysler Automobiles NV's mishandling of recalls involving up to 11 million vehicles. Mark Rosekind, who heads the National Highway Traffic Safety Administration, said action could come by the end of July and take the form of either a...

  • WASHINGTON, July 2- Fiat Chrysler Automobiles NV went on offense ahead of a hearing before federal regulators to blunt criticism of its plan to install trailer hitches on 1.5 million Jeep Cherokee and Liberty SUVs to avert a more costly fix to reduce the risk that fuel tanks could rupture and catch fire in rear-end collisions. Thursday's hearing, convened by the...

  • DETROIT, July 1- Strong demand for sport utility vehicles and trucks in June helped General Motors Co and Ford Motor Co offset slowing demand for sedans by allowing them to raise prices on their trucks. GM and Ford said on Wednesday increases in the average transaction prices for their vehicles, particularly trucks and SUVs, outpaced sales volume growth that...

  • *Private payrolls up 237,000 in June, largest gain in six months. WASHINGTON, July 1- U.S. private employers hired the most workers in six months in June and factory activity accelerated, providing fresh evidence the economy was gathering solid momentum after contracting at the start of the year. A strong June jobs number would make it clear the economy can absorb a...

  • *Company to invest in producing Jeep in India. *India to be No. 3 car market by 2020- IHS Automotive. NEW DELHI, July 1- Fiat Chrysler will invest $280 million to begin Jeep production in India from 2017 through an expanded joint venture with Tata Motors, the carmaker said on Wednesday.

  • GM stops production at its single plant in Russia Wednesday, 1 Jul 2015 | 11:10 AM ET

    ST.PETERSBURG, Russia— General Motors has halted production at its single assembly plant in Russia as sales have plummeted amid an economic downturn. Sergei Lepnukhov, GM's spokesman in Russia, said Wednesday the plant in St. Petersburg stopped work "in the framework of the company restructuring its business model in Russia." The plant, GM's only fully owned...

  • DETROIT, July 1- Strong demand for sport utility vehicles and trucks in June helped General Motors Co and Ford Motor Co offset slowing demand for sedans by allowing them to raise prices on their trucks. GM and Ford said on Wednesday increases in the average transaction prices for their vehicles, particularly trucks and SUVs, outpaced sales volume growth that...

  • SUVs, muscle cars help auto industry maintain momentum Wednesday, 1 Jul 2015 | 9:08 AM ET

    Sales of the larger Ford Explorer rose 30 percent; Nissan's Rogue small SUV posted a 54 percent jump; and sales of the Jeep Cherokee gained 39 percent. Most automakers reported gains for June, led by Nissan with an increase of 13 percent. General Motors' sales fell, largely because the company cut back on sales to rental-car companies.

  • At first the Jan. 24, 2014, crash on U.S. 50 in Cincinnati's eastern suburbs drew only the attention of Ohio authorities, who faulted the semi driver for not properly inspecting the hitch that holds the trailer to the tractor. Given the nearly 1 ½- year gap between the crash and the investigation, the safety agency could face renewed criticism for failing to...

  • TOKYO— Julie Hamp, Toyota's most senior female executive, has resigned following her arrest in Japan on suspicion of drug law violations, the automaker said Wednesday. Hamp tendered her resignation through her attorneys on Tuesday, and Toyota Motor Corp. accepted it because of "the concerns and inconvenience that recent events have caused our stakeholders,"...

  • BERLIN/ FRANKFURT, June 30- When Herbert Diess takes over on Wednesday as head of Volkswagen's namesake car brand, he will inherit one of the group's biggest problems: how to slash costs at the sprawling Wolfsburg complex. Diess summarized his views on Wolfsburg in a scathing internal report, telling superiors the plant's workforce of 50,000 is bloated with...

  • June 29- General Motors Co said a judge in Delaware has dismissed a lawsuit by shareholders who wished to recoup losses stemming from the recall of millions of vehicles with an ignition switch defect linked to several deaths. There are three other shareholder derivative actions, one in Wayne County, Michigan and two in Federal District Court for the Eastern...

  • Greek debt crisis and a rising rate environment Monday, 29 Jun 2015 | 1:53 PM ET
    Traders work on the floor of the New York Stock Exchange.

    managers talk about greek debt worries and investment opportunities

  • What's driving Detroit's manufacturing turnaround? Monday, 29 Jun 2015 | 11:45 AM ET
    Emerging from bankruptcy last year, Detroit's resurgence in manufacturing is seen as a major pathway to continued recovery.

    No longer in bankruptcy, Motor City is busy nurturing 1,400 next-gen advanced manufacturers to rekindle its legacy as a production hub.

  • DETROIT— The death toll from faulty ignition switches in General Motors' small cars has risen by two to 119.. Victims' families are being offered compensation of at least $1 million each by attorney Kenneth Feinberg, who was hired by GM last year. GM paid $200 million to settle claims filed with Feinberg as of March 31.

  • ANN ARBOR, Mich., June 26- From renaming an ice cream flavor to flying the gay movement's rainbow flag, many American corporations celebrated Friday's U.S. Supreme Court decision to legalize same-sex marriage and said it made good sense for their businesses. "We applaud today's U.S. Supreme Court ruling on marriage equality, which will help families across the...

  • The problem is clear: Traffic congestion will become significantly worse and more widespread without big changes in how people and products get around. The possible solutions are many, but none is easy or cheap. The nation's driving capital, Los Angeles, is making a multibillion-dollar investment in building or extending five rail lines.

  • Congress this week gave Obama "fast-track" power to speed the agreement through Congress. Microsoft Corp, International Business Machines Corp, AT&T Inc and Intel Corp see exports of digital services, such as software and technology consulting, rising in Asian markets. The deal would eliminate a 25 percent tariff on pickup trucks made in Japan and southeast...