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TD Bank close to Chrysler Financial deal: source

Toronto-Dominion Bank is close to an agreement to buy Chrysler Financial from private equity firm Cerberus Capital Management for $6.3 billion, a source familiar with the matter said on Monday.

Ford bringing C-Max small minivan to U.S. market

Ford Motor Co will introduce a seven-passenger C-Max minivan to the North American market in 2012, a vehicle that is smaller than most current minivans in an effort aimed at young families.

World reacts against TIME’s choice to snub Assange and honor Zuckerberg

File photo of WikiLeaks founder Julian Assange

World reacts against TIME magazine’s choice to snub Wikileak's founder Julian Assange and honor Facebook's Mark Zuckerberg as the 2010 Person of the Year title.

A GM sign is seen outside the Medved General Motors car dealership in Arvada, Colorado

GM repays $2.1 bln to US tax payers

General Motors has paid $2.1 billion to complete the repurchase of preferred shares issued under a federal government bailout, the U.S. Treasury said on Wednesday. With this the auto maker has brought the total sum recouped by taxpayers to more than 23 billion dollars.

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TD in talks to buy Chrysler Financial: source

Toronto-Dominion Bank is in talks to buy lender Chrysler Financial from private equity firm Cerberus Capital Management , a source familiar with the matter said on Tuesday.

Chrysler US sales surge 17 pct in Nov

Chrysler Group LLC on Wednesday reported that its US auto sales surged 17 percent over last year, as demand for pickup trucks and sport-utility vehicles gained momentum.

General Motors executives are seen outside the New York Stock Exchange building as GM's common stock begins trading publicly again

Take the other side of govt's trade and buy GM: Cramer

Jim Cramer said investors should purchase newly-privatized General Motors (NYSE:GM) shares because it's a good idea to buy from the federal government whenever it has a privatization up its sleeve.

GM shares soar after landmark IPO

Shares of automaker General Motors opened at $35 in its first trading day on the NYSE after recovering from a government funded bailout. The opening price was an increase of 2 percent from its IPO price of $33.

A message welcoming General Motors is seen on the Morgan Stanley stock ticker at their world headquarters in New York

GM Back On Road with Blockbuster IPO; But Is That Enough?

GM will begin trading on the New York Stock Exchange beginning today after a landmark intial public offering, from which GM is expected to raise as high as $23.1 billion.

General Motors Vice Chairman Tom Stephens speaks in Baltimore, Maryland

GM's IPO could be the world's largest

General Motors Co is inching closer towards returning to the U.S. market in one of the biggest IPOs in the U.S. history and could even become the world's largest.

GM, Chrysler reorganizations undermined legal principles: Experts

Two University of Illinois experts in bankruptcy law are saying that the legal principles applied in the bankruptcy reorganizations of GM and Chrysler were misguided, and have ultimately undermined the distributional norms of bankruptcy reorganizations.

GM, Chrysler recalling 30,000 vehicles in US

General Motors is recalling 14,245 Cadillac DTS and Buick Lucerne cars with V8 engines from the 2010 and 2011 model year to address potential problems with the power steering, while Chrysler is recalling 16,229 Jeep Liberty models over faulty windshield wipers.

Chrysler IPO in more than 1 tranche: CEO

The initial public offering of U.S. automaker Chrysler is expected in the second half of 2011 and it will be in more than one tranche.

Fiat to beat 2010 target as future rosier

Italy's Fiat will close 2010 with a net profit, beating its break-even target, CEO Sergio Marchionne said, as the carmaker sees a brighter future after the industry crisis and prepares for possible tie-ups.

September auto sales seen up modestly

September auto sales are on track to top August levels by a small margin after a boost from end-summer sales events even as economic uncertainty crimps a fuller recovery for the industry.

Chrysler fires 13 over lunch beer drinking report

Chrysler Group on Monday fired 13 workers at the same auto plant visited by President Barack Obama this summer, after a local television station report showed some of them drinking on their lunch breaks.

Fiat mulls Ferrari IPO to boost Chrysler stake: report

Italian automaker Fiat is considering listing part of its sports car unit Ferrari to raise cash in order to increase its stake in U.S. carmaker Chrysler, Il Corriere della Sera said on Sunday.

UAW chief to meet Fiat CEO and Italian suppliers

Senior officials from the United Auto Workers union will travel to Italy next week for a meeting with Fiat SpA (FIA.MI) Chief Executive Sergio Marchionne and a pitch to bring jobs to the United States for its suppliers.

Chrysler readies renamed, upgraded Sebring

Chrysler said on Tuesday it was set to unveil a renamed and upgraded version of its Sebring sedan as the automaker readies its first restyled vehicles since emerging from bankruptcy under the control of Fiat SpA.

GM roadshow to begin after elections: sources

Automaker General Motors Co plans to begin courting investors for its initial public offering immediately after the November 2 U.S. midterm congressional elections.

Fiat CEO says Q3 going well

Italian automaker Fiat SpA said on Thursday its third quarter was proceeding well and confirmed it could raise its 2010 outlook, sending its shares higher.

U.S. probes old Jeep Grand Cherokees for fire risk

U.S. safety regulators have opened a preliminary investigation of about 3 million older Jeep Grand Cherokees with fuel tanks that may present a fire risk in a crash

Chrysler to have difficulty turning '10 profit: CEO

Chrysler CEO Sergio Marchionne said on Monday it will be difficult for the automaker to turn a net profit for the full year 2010.

Analysis: Fiat's Marchionne fights for new car industry rules

Fiat boss Sergio Marchionne is heading for a showdown with powerful industrial lobbies as he pushes for more flexible work practices that could lead to a broader shakeup of rules in the Italian car industry.

Chrysler posts quarterly loss as sales lag

Chrysler Group LLC reported a quarterly net loss on Monday, underscoring the pressure on the smallest U.S. automaker from a slack economy and an aging product line-up.

Ford aims to win back investment grade rating: report

Ford Motor is planning to win back its investment grade credit rating that it lost in 2005, the Wall Street Journal said, citing people familiar with the situation.