General Motors Co could shift more vehicle production to its European factories in a cost-cutting deal with its German union that could avert a damaging standoff and keep Opel out of bankruptcy, people familiar with the discussions said.
The car group reports selling 8.16 million sales last year, more than Toyota. Car group sales in India more than doubled, but General Motors could outshine the German automaker.
The International Business Times spoke with Bob Lutz on Tuesday about Via Motors' plans, the state of the U.S. auto industry and more.
Detroit's economy wasn't exactly in great standing before the housing bubble burst, before the automotive manufacturing that supports the community burst. It was already a case of haves, and have-nots. But when it all came crumbling down, with automakers slashing jobs and two filing for bankrtuptcy -- General Motors and Chrysler -- the shaky pedestal gave way.
Buick, a GM brand, developed the new Encore to compete at a more upscale level than the Toyota RAV 4 or the Honda CR-V. Buick did not announce pricing for the Encore, but it is expected to be comparable with class products including the Audi Q3 and the BMW X1.
European shares hit a one-week closing high on Tuesday after encouraging comments from some leading U.S. companies and hopes for more policy easing in China gave cyclical stocks a boost, with autos and miners among the top sectoral gainers.
General Motors Co expects to post market share gains this year in both China and South Korea, a top GM executive said on Monday.
DETROIT -- As the music blared and the Dodge Dart rolled out to its debut, the stage shook underneath Dodge CEO Reid Bigland's feet before he stepped off.
The Detroit Auto Show 2012 has been so far a testament to value and design combinations, key elements that deliver winning car products. The Hyundai Elantra kicked off the first day of the North American International Auto Show -- as it's officially called -- Monday with a somewhat surprising win as Car of the Year. The compact Elantra, cited by voting jurors for its low price and high efficiency with 40 miles per gallon, beat the Ford Focus and Volkswagen Passat for the annual honor.
Showcasing the best pictures from Day 1 of the North American International Auto Show in Detroit.
DETROIT -- When Joe Baker was doing research for the new concept car he was designing for Chevrolet, one piece of information stood out. Baker, who designed the Code 130R concept, looked most at United States Census data that said 80 million American consumers are approaching the age of 30.
General Motors Co will focus on maintaining profits, not defending U.S. market share gains made at the expense of Japanese rivals, the automaker's top executive said on Monday.
General Motors Co expects to have U.S. federal safety officials resolve their investigation of delayed fires in the Chevrolet Volt electric car sooner rather than later, a top executive said on Monday.
DETROIT, Jan 9 - General Motors Co expects to have federal safety officials resolve their investigation of delayed fires in the Chevrolet Volt electric car sooner rather than later, a top executive said on Monday.
As recently as when Bill Ford Jr., now the company chairman, was CEO of Ford and Rick Wagoner was CEO of GM, meetings meant Wagoner tried to claim the head seat at the table by virtue of his company's position as the largest automaker in Detroit. Bill Ford wasn't yielding, it's just that Wagoner had that expectation.
Stock index futures edged higher on Monday as investors focused on a European meeting intended to find ways to boost the region's economies and tackle a debt crisis and prepared for the start of U.S. corporate earnings.
American automotive manufacturer General Motors (GM) has thrown down the gauntlet to reigning luxury brands in the market like German companies BMW and Mercedes Benz, by unveiling its compact Cadillac ATS sports sedan.
General Motors Co proved with the Chevrolet Cruze it can build a top-selling compact car, cracking a market long dominated by Japanese brands.
It's about sustainability of profits, and sustainability through efficient products that contribute to both the broader environment and consumer benefit that will be at the heart of every automaker's presentations. America's Big Three, in particular, have revealed they are still among the biggest and best global forces to be reckoned with through profitability and strong, advanced product in the past year or two.
A preview of some of the most buzzed-about cars heading into the 2012 North American International Auto Show in Detroit.
General Motors said on Thursday that it has enhanced the vehicle structure and battery coolant system in its maligned battery-powered Chevrolet Volt, in an attempt to prevent the battery from catching on fire days or weeks after a serious crash.
BMW grabbed the top spot in the U.S. luxury auto market in 2011, edging out Daimler AG's Mercedes-Benz brand, as both German automakers took advantage of inventory problems for Toyota Motor Corp's Lexus lineup.