Used vehicle prices edged lower in October, according to a closely watched index, ending a three-month climb that brought prices to their highest level the previous month.

Businesses likely slashed wholesale inventories for a record 13th consecutive month in September. But analysts expect sales rose for a sixth straight month.

Businesses likely slashed wholesale inventories for a record 13th consecutive month in September. But analysts expect sales rose for a sixth straight month.

South Korea must do more to open its market to U.S. cars before President Barack Obama will send a free trade agreement signed in June 2007 to Congress for a vote, the chief U.S. trade negotiator said on Thursday.

Lear Corp. said Thursday that its reorganization plan was approved by a bankruptcy judge, paving the way for the auto supplier to emerge from Chapter 11 after just four months under court oversight.

Air bags have long been mounted in the steering wheel, dashboard and sides of vehicles. Now, they're in the seat belts.

The old Chrysler was famous for its aggressive marketing and auto-show stunts, like running a cattle drive down the streets of Detroit to publicize a new pickup. But for its coming-out party on Wednesday, the new Chrysler stuck to a far more serious and subdued script, says the New York Times.

Cooper Tire & Rubber Co. said Thursday it named Ford Motor Co. executive Brad Hughes as vice president and chief financial officer.

Air bags have long been mounted in the steering wheel, dashboard and sides of vehicles. Now, they're in the seat belts.

By Chang-Ran Kim, Asia autos correspondent

Chrysler has put its motorsports program, which includes NASCAR, under review as part of a restructuring announced on Wednesday, but does not plan to cut spending at this time.

Chrysler hopes to make billions of dollars to repay government loans and revamp all of its cars and trucks with an ambitious plan that hinges on doubling sales in five years.

Ford Motor Co. has expanded its capital raising plans, now selling $2.5 billion worth of senior convertible debt, up from a previous planned offer of as much as $2.3 billion.

Automakers released October U.S. sales figures Thursday. These were the top-selling vehicles, as well as the total number sold and the percent change in sales from October 2008.

General Motors posted its first monthly sales increase in nearly two years as a rebound in industrywide U.S. auto sales in October pointed toward a gradual recovery for the battered sector.