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Toyota plans to roll out two new cars under the Prius name by next year, according to a dealer briefed on the plans, as the automaker seeks to turn its popular hybrid into a family of vehicles.
Toyota recalled 1.33 million Corolla sedans and Matrix hatchbacks in the U.S. and Canada Thursday because their engines may stall, the latest in a string of quality problems at the Japanese automaker.
General Motors Co., the Detroit automaker 61 percent owned by the federal government, is scheduled to report second-quarter results on Thursday.
Ally Financial Inc. on Tuesday said it expects to hold an initial public offering next year after posting a second-quarter profit of $565 million, driven by improvements in its home mortgage business and more demand for auto loans.
Nissan Motor Co. will sell 500 Leaf electric cars to Enterprise Rent-A-Car starting in January, as the Japanese automaker aims to put more drivers behind the wheel of its battery-powered vehicle.
Toyota will start studying an assessment of the company's quality control conducted by four outside experts to help beef up quality controls at the recall-battered automaker under a program that began in March to review defect measures.
Toyota's president says the company is open to raising the wages of workers in China, where strikes have disrupted the automaker's operations in that fast-growing market.
Shares of Tesla Motors Inc. spiked Wednesday as investors continued bidding up the stock following the electric car maker's blowout public offering. The excitement cooled late in the session, with shares paring their gains to end down slightly on the day.
Shares of Tesla Motors Inc. gained more than 40 percent in their public trading debut on Tuesday after the electric car manufacturer raised more money than expected in its initial stock offering.
Tesla Motors Inc. begins selling stock to the public on Tuesday. The sale's success depends on how much investors are willing to bet on a car company that has never made a profit, sells a single vehicle and expects to lose money until at least 2012.
Toyota Motor Corp. is naming new leaders at five of its factories in North America and replacing two Japanese executives with Americans, saying the moves will give more authority to local managers.
The new owner of Saab has a two-pronged strategy to boost its ailing sales: assure customers that the company is here to stay, and return the Swedish car brand to its roots as a maker of offbeat luxury cars.
If you want a hint about the economic recovery, follow that truck.
The Treasury Department has named a new member to the board of the government-owned Ally Financial Inc., the consumer lending company said Wednesday.
Chrysler Group LLC is partnering with a unit of Spanish banking giant Banco Santander to offer lower-cost financing to customers who don't qualify for prime loans.
If your credit isn't good, General Motors Co. still wants to sell you a car.
Tesla Motors Inc. is close to selecting a location for its new electric car assembly plant and a final decision could come in a matter of days, a spokeswoman said Friday.
General Motors said Wednesday that it is recalling all Hummer H3s produced since the 2006 model year to fix a portion of the hood that can detach during driving.
GMAC Financial Services on Monday posted its first quarterly profit in more than a year and announced plans to rename itself Ally Financial Inc., as the consumer lender aims to put a failed foray into the mortgage business behind it.
If you're looking for a new car, the good news is it's a buyer's market. The better news is it could stay that way for a while.
BMW AG is cutting production at its assembly plant in Spartanburg, S.C., because the volcanic eruption in Iceland has disrupted delivery of key parts for two SUVs.
The chairman and CEO of defense contractor Northrop Grumman Corp. received a pay package valued at $17.9 million in 2009, a decline of about 7 percent compared with the previous year, according to a regulatory filing Friday.
Toyota will continue to offer most of its heavy incentives throughout April after the deals helped lift its sales more than 40 percent last month, the automaker said Tuesday.
Toyota's sales surged 40 percent in March, a top company executive said Wednesday, as the automaker offered its biggest incentives ever to cope with the fallout of millions of recalls.
Nissan's new electric car will cost just over $25,000 when it goes on sale in the U.S. in December, aiming to bring gasoline-free technology within reach of mainstream drivers.
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