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. 

General Motors reversed course by abandoning a long-expected sale of its Opel to a group led by Canadian auto supplier Magna and opting to keep the European unit after a year of uncertainty and high-stakes political negotiations. 

General Motors reported an increase in auto sales last month while rival Ford Motor saw sales decline, as market watchers look for an industry-wide increase from September's levels, which were hurt by a Cash for Clunkers hangover.

Opel's labor force has agreed to contribute 265 million euros ($390 million) in annual savings if General Motors finally sells a majority stake in its European arm to a group led by Canada's Magna.

The United Auto Workers union had given local unions until Monday to complete voting. But a person briefed on the voting said Saturday that the contract changes have been rejected by large margins.

Depending on whom you ask, India's Reva Electric Car Company  is either the next big thing in automobiles, or a maker of glorified golf carts.

One year after the government took over and bailed out Freddie Mac, the giant mortgage finance company, federal regulators are blocking former employees from revealing information to investors who are suing the company for fraud, reports the NYT.

A government watchdog said the $700 billion bailout for the financial industry played a major role in rescuing the economy over the last year but also engendered anger and distrust among Americans because of secrecy and confusion about the way the program was handled.

Do you remember that very strong European Competition czar who battled Microsoft and Intel, accusing them of anti-competitive behavior? The question now is: will she be strong enough to battle Germany’s Angela Merkel?

For the past few months, the media has been watching the Dow Jones Industrial Average the way a hypochondriac checks his thermometer. And the higher the Dow's temperature goes, the more we need to sweat.

Stocks ended mixed Wednesday as banks and techs gained but investors took a wait-and-see approach ahead of the start of earnings season. But banks and techs gained.

Stocks struggled Wednesday as investors took a breather after a two-day rally and braced for the start of earnings season. But banks and techs giane.d

Stocks slipped Wednesday as investors took a breather after a two-day rally and braced for the start of earnings season.

Wall Street momentum has clearly shifted back in the direction of the bulls. After falling for seven of eight sessions, the major averages have now risen for two consecutive days, with the Dow chalking up its biggest one-day advance since August 21. 

General Motors says it's shutting down the Saturn brand after an agreement with Penske Automotive Group to acquire the unit fell apart.