NEW YORK (AP) — After eight weeks of gains, maybe the stock market pullback long anticipated by investors has arrived.
Stocks fell Tuesday, dragged lower by the Detroit automakers and consumer-focused companies such as GameStop and Amazon.com. The market could be headed for its first weekly decline since early October, putting at risk a remarkable rally that has sent indexes to record highs.
5. Holiday weekend gives a boost to Nissan, other automakers - Friday, November 29, 2013
DETROIT (AP) — The holiday weekend was good to U.S. automakers, as sales reports indicate the auto industry is on track to beat strong numbers from a year ago.
Chrysler's U.S. sales rose a surprising 16 percent in November, while General Motors posted a 14 percent gain. Nissan sales rose 11 percent, while Toyota was up 10 percent. Ford notched a 7 percent gain and Hyundai sales rose just under 5 percent. Of major automakers, only Volkswagen and Honda reported sales drops. VW was off 16 percent, while Honda sales were down less than 1 percent.
6. Saab is back: First cars produced under new owners - Friday, November 29, 2013
STOCKHOLM (AP) — Two and a half years after Saab shut down production due to financial trouble, the Swedish car rolled a new sedan off its assembly lines in Trollhattan, in south-west Sweden, on Monday.7. Government expects to finish GM stock sale by year end - Friday, November 22, 2013
DETROIT (AP) — The U.S. government expects to sell the last of its stake in General Motors by the end of the year, bringing an end to a sad chapter in the 105-year-old auto giant's history.
The Treasury Department, in a statement issued Thursday, said it still owns 31.1 million shares of the auto giant, less than 2 percent. It plans to sell them by Dec. 31, as long as the price holds up.8. Government expects to finish GM stock sale by year end - Friday, November 15, 2013
DETROIT (AP) — The U.S. government expects to sell the last of its stake in General Motors by the end of the year, bringing an end to a sad chapter in the 105-year-old company's history.
The Treasury Department, in a statement issued Thursday, said it still owns 31.1 million shares of the auto giant, less than 2 percent. It plans to sell the shares by Dec. 31, as long as the price holds up.9. Better job market news sends US stocks higher - Friday, November 15, 2013
NEW YORK (AP) — Stocks rose on Wall Street Thursday after the number of people applying for U.S. unemployment benefits fell to the lowest since September.
First-time applications for benefits dropped by 21,000 last week, the Labor Department reported, the latest sign that the U.S. job market is recovering. The number of applications, which is a proxy for how many workers are being laid off, is now near where it was before the Great Recession.
10. US safety agency opens probe into Tesla fires - Friday, November 15, 2013
DETROIT (AP) - The U.S. government's auto safety watchdog is investigating whether Tesla's Model S electric car is vulnerable to fires because roadway debris can pierce the car's underbody and battery.11. GM stock rises as government sells off more shares - Friday, November 08, 2013
DETROIT (AP) — Shares of General Motors rose to their highest level in almost three years Wednesday after analysts applauded news that the company could be free of U.S. government ownership by the end of the year.12. University of Michigan sets goal of driverless car network by 2021 - Friday, November 08, 2013
ANN ARBOR, Mich. (AP) — The University of Michigan has announced a collaboration with government and business to make its hometown of Ann Arbor the first American city with a shared fleet of networked, driverless vehicles by 2021.13. Third fire in Tesla Model S reported - Friday, November 08, 2013
DETROIT (AP) — A Tesla Model S electric car caught fire this week after hitting road debris on a Tennessee freeway, the third fire in a Model S in the past five weeks.
The blaze on Wednesday afternoon near Smyrna, Tenn., engulfed the front of the car. A spokeswoman for the Tennessee Highway Patrol says the Model S ran over a tow hitch, which hit the undercarriage of the car, causing an electrical fire.
14. Toyota profit jumps 70 percent despite sales slip - Friday, November 01, 2013
TOKYO (AP) — Toyota's quarterly profit soared 70 percent, and the world's top-selling automaker raised its earnings forecast, as cost cuts and the weaker Japanese yen compensated for slightly weaker vehicle sales.15. Nissan cuts profit outlook, revamps management - Friday, November 01, 2013
DETROIT (AP) — The government shutdown dampened — but didn't stall — Americans' demand for new cars and trucks.
The 16-day shutdown slowed U.S. auto sales in the first two weeks of October, but they picked up speed in the last two weeks. Sales rose 11 percent to 1.2 million.
16. Chrysler, Ford, GM, Nissan post big Oct. gains - Friday, November 01, 2013
DETROIT (AP) — Chrysler, Ford, General Motors, Nissan and Toyota all posted October sales increases as the U.S. auto industry rebounded from a lackluster September.
The gains signal that automakers made it through the 16-day partial government shutdown relatively unscathed. Chrysler even predicted stronger industry sales for the month than most analysts.
17. GM hints at dividend, stock buyback on 3Q profit - Friday, October 25, 2013
DETROIT (AP) — Another solid quarterly performance at General Motors brought the strongest talk yet of the automaker paying a dividend for the first time in five years, or perhaps buying back stock.18. GM 3Q earnings fall, but beat Street forecasts - Friday, October 25, 2013
DETROIT (AP) — General Motors' third-quarter net income fell 53 percent compared with a year ago, as one-time expenses masked a strong performance in North America and a narrowed loss in Europe.19. Government investigating Jeep Liberty fire reports - Friday, October 25, 2013
DETROIT (AP) — The federal government is investigating Jeep Liberty SUVs after two reports of fires in the driver's side doors.
Libertys from the 2012 model year were involved in the incidents reported to the National Highway Traffic Safety Administration.20. 8 states join forces to promote clean cars - Friday, October 25, 2013
SAN FRANCISCO (AP) — Eight states, including California and New York, pledged Thursday to work together to dramatically multiply the number of zero-emission cars on the nation's roads by speeding the construction of charging stations and other infrastructure.21. Ford increases full-year guidance after strong 3Q - Friday, October 18, 2013
DEARBORN, Mich. (AP) — Ford is raising its full-year profit guidance after a strong third quarter that saw improving sales worldwide, including in past trouble spots like Europe and South America.
Ford earned $1.3 billion, or 31 cents per share, down 14 percent from a year ago. The decline was due to special items, including a $250 million charge for restructuring in Europe. Without those, Dearborn-based Ford Motor Co. reported a pretax profit of $2.6 billion, or 45 cents per share. That was a record for the third quarter.22. CEO: Toyota's slice of US market is about right - Friday, October 11, 2013
NEW YORK (AP) — After five up and down years, Jim Lentz thinks Toyota is right where it's supposed to be.
Five years ago, the company unseated General Motors as the world's biggest automaker and its cars dominated much of the U.S. market with a reputation for bulletproof reliability.23. GM boosts prices as pickup battle rages - Friday, October 11, 2013
DETROIT (AP) — General Motors is taking a seemingly odd approach to falling sales of pickup trucks: It's raising prices.
The company says the price of the 2014 Chevrolet Silverado will go up almost $2,100 over the introductory price in the spring. GM is also raising prices on the GMC Sierra and other trucks.24. Tire-maker Hankook to build $800M plant in Tennessee - Friday, October 11, 2013
CLARKSVILLE (AP) — South Korean tire-maker Hankook announced Monday that it will build its first North American plant in Tennessee, creating 1,800 jobs.
Hankook, the world's seventh-largest tire maker, said it will build the $800 million facility in Clarksville. Construction on the 1.5 million-square-foot facility is scheduled to begin by the end of next year, and it will begin making high-end performance tires by early 2016.25. Nissan sales increase by 83% in China - Friday, October 11, 2013
BEIJING (AP) — China's auto sales grew at their fastest rate in eight months in September as Nissan and other Japanese brands rebounded from a slump sparked by political tensions with Tokyo.
Nissan Motor Co.'s monthly sales soared 83.4 percent to 117,100 vehicles, accelerating from 2 percent growth for the first nine months of the year. Toyota Motor Corp. said sales jumped 63.5 percent over the same month last year after declining by 0.5 percent in January-September.26. Obama hits GOP 'ideological crusade' in shutdown - Friday, September 27, 2013
WASHINGTON (AP) — Congress hung "Closed" signs on a big swath of the government Tuesday and sent home 800,000 workers in what President Barack Obama labeled an "ideological crusade" by GOP lawmakers determined to gut his health care law. On Capitol Hill, House Republicans answered with a bid to restart a few favored slices of government, including national parks, while still demanding concessions on health care.27. Calendar stalls September auto sales; Nissan down 6 pct. - Friday, September 27, 2013
DETROIT (AP) — Sales fell at General Motors, Toyota and Volkswagen in September, an odd month that appears likely to snap a 27-month streak of gains for the U.S. auto industry.
Nissan also reported a sales drop, off nearly 6 percent from a year earlier. The Nissan Division's sales were off 6 percent, while the Infiniti luxury brand posted a 4 percent decline.
28. Japan car parts makers in price-fixing plea - Friday, September 27, 2013
WASHINGTON (AP) — Nine Japanese auto parts manufacturers and two of their executives will plead guilty and pay $740 million in criminal fines for conspiring to fix the prices of more than 30 products sold to many of the world's largest automakers operating in the U.S., the Justice Department announced Thursday.29. Government sells more GM shares, cuts stake to 7 pct. - Friday, September 20, 2013
NEW YORK (AP) — The U.S. government is starting another phase of selling off its General Motors stock after cutting its stake in the automaker to just over 7 percent.
The Treasury Department says it still owns 101.3 million GM shares. It got 912 million shares, a 60.8 percent stake in the company, in exchange for a $49.5 billion bailout of GM in 2009. So far taxpayers have recovered about $35.4 billion. That means they're still around $14.1 billion in the hole.
30. GM draws workers from wide area - Friday, September 27, 2013
As General Motors creates 1,800 additional jobs at its factory in Spring Hill, the economic impact will be felt far beyond Maury and Williamson counties, where the city is located.
In fact, the economic benefit could be shared by more than a half-dozen more counties across Middle Tennessee if those new workers follow in the footsteps of people already working at the factory.31. Can Spring Hill be the next CoolSprings? - Friday, September 27, 2013
When General Motors announced it would create up to 1,800 new jobs in Spring Hill, the automaker had to share the spotlight with another announcement – Carmike Cinemas is opening the city’s first movie theater.32. No longer a one-horse town - Friday, September 27, 2013
Fifth-grade teacher Carolyn Allen and her friends attend Zumba classes in the building that once was a gymnasium for workers at the nearby General Motors Saturn Division plant. Not far away, the automaker’s former headquarters now houses a call center and an incubator for start-up businesses.33. Moody's restores GM debt to investment grade - Friday, September 20, 2013
DETROIT (AP) — A key ratings agency has restored General Motors' debt to investment grade status, eight years after the company lost the rating as it spiraled toward bankruptcy protection.
The upgrade came on Monday morning, shortly after GM announced plans to buy back high-interest preferred stock from a union retiree health care trust fund for $3.2 billion.
34. In budget faceoff, Obama warns of 'economic chaos' - Friday, September 13, 2013
WASHINGTON (AP) — A potential federal shutdown looming, President Barack Obama on Monday warned congressional Republicans they could trigger national "economic chaos" if they demand a delay of his health care law as the price for supporting continued spending for federal operations.35. European auto sales hit new low - Friday, September 13, 2013
FRANKFURT, Germany (AP) — Car sales in Europe are still sagging despite the return of modest economic growth.
For the first eight months of the year, passenger car sales in the European Union were off 5.2 percent to 7.84 million compared with the same period last year, the European Auto Manufacturers' Association said Tuesday. That's the lowest January-August figure since the group started keeping track in 1990.36. GM working on 200-mile electric car, exec says - Friday, September 13, 2013
WARREN, Mich. (AP) — As automakers race to make cheaper electric cars with greater battery range, General Motors is working on one that can go 200 miles per charge at a cost of about $30,000, a top company executive said.37. Obama warns GOP against creating 'economic chaos' - Friday, September 13, 2013
WASHINGTON (AP) — In a blistering warning to congressional Republicans, President Barack Obama said Monday it would be the "height of irresponsibility" for lawmakers to cause a new economic crisis just five years after the near-collapse of the nation's financial system.38. Obama to tout economy while marking Lehman fall - Friday, September 13, 2013
WASHINGTON (AP) — President Barack Obama is seeking credit for an economic turnaround, using the fifth anniversary of the collapse of the Lehman Brothers investment bank to highlight signs of recovery and to warn against potentially market-rattling fights over the federal budget and the nation's debt ceiling.39. It's a book, it's a manifesto: 'Why We Drive' - Friday, September 13, 2013
ST. PAUL, Minn. (AP) — St. Paul cartoonist and bicycling advocate Andy Singer takes a look at "Why We Drive" in his new coffee-table book romp through the history of a car-centric culture.40. US retail sales rise 0.2 percent in August - Friday, September 13, 2013
WASHINGTON (AP) — Americans boosted their spending at retail businesses only modestly in August, indicating that economic growth remains sluggish. Consumers bought more cars, furniture and electronics last month but held back on most other purchases.41. Big SUVs rumble along as GM shows new models - Friday, September 06, 2013
STERLING HEIGHTS, Mich. (AP) — The big SUV keeps rolling along.
When gas hit $4 per gallon five years ago, analysts predicted the three-ton vehicles would soon be extinct.
But on Thursday, General Motors is unveiling a redesigned lineup of truck-based SUVs. Turns out the giant vehicles are still popular with drivers hauling boats, campers and large families.42. Corker calls VW talks with UAW 'incomprehensible' - Friday, September 06, 2013
NASHVILLE (AP) - Volkswagen would become a "laughingstock" if it goes through with a deal to have the United Auto Workers represent workers at its Tennessee plant, U.S. Sen. Bob Corker said Tuesday.43. General Motors revs up volunteer work across US - Friday, September 06, 2013
DETROIT (AP) — General Motors Co. employees are gearing up for a week of volunteering across the United States.
The Detroit automaker says its second annual "teamGM Cares Week" kicks off Monday and incorporates about 75 projects.44. Car prices hit record as buyers load up on options - Friday, September 06, 2013
DETROIT (AP) — Americans are paying record prices for new cars and trucks, and they have only themselves to blame.
The average sale price of a vehicle in the U.S. hit $31,252 last month, up almost $1,000 over the same time last year. The sharp increase has been driven by consumers loading cars up with high-end stereos, navigation systems, leather seats and safety gadgets.45. Auto sales rebound to pre-recession levels - Friday, August 30, 2013
DETROIT (AP) — For the U.S. auto industry, the recession is now clearly in the rear-view mirror.
New car sales jumped 17 percent to 1.5 million in August, their highest level in more than six years. Toyota, Ford, Nissan, Honda, Chrysler and General Motors all posted double-digit gains over last August.46. Fed survey finds US economy growing moderately - Friday, August 30, 2013
WASHINGTON (AP) — Economic growth held steady across the United States from July through late August, as Americans bought more cars and homes and auto factories added workers.
A Federal Reserve survey released Wednesday showed that all 12 of the Fed's regional banking districts reported modest to moderate growth. That's roughly in line with the Fed's previous survey of those districts from late May through early July.
47. GOP dreads prospect of new UAW foothold in South - Friday, August 30, 2013
CHATTANOOGA (AP) - The prospect of the United Auto Workers gaining a new foothold at Volkswagen's plant in Tennessee worries some Southern Republicans, who say laws banning mandatory union membership have helped lure foreign automakers.48. Nissan breaks monthly record as automakers report double-digit increases - Friday, August 30, 2013
DETROIT (AP) — The major U.S. and Japanese automakers all posted double-digit U.S. sales gains last month as car buyers snapped up pickup trucks and small cars to lead the industry toward its best month in six years.
49. Stocks move higher as auto sales increase - Friday, August 30, 2013
NEW YORK (AP) — Stocks are closing higher on Wall Street after automakers reported strong sales gains.
The Dow Jones industrial average rose 96 points, or 0.7 percent, to close at 14,930 points Wednesday.50. GM says almost-driverless cars coming by 2020 - Friday, August 23, 2013
MILFORD, Mich. (AP) — Sometime before the end of this decade, General Motors will put a car on the road that can almost drive itself.
The automaker says the system, called "Super Cruise," uses radar and a camera to steer the car and keep it between lane lines. Also, the radar keeps the car a safe distance from cars ahead of it, and it will brake to a complete stop if necessary.51. Cummins to add 500 jobs building Nissan turbo V8 - Friday, August 16, 2013
COLUMBUS, Ind. (AP) — Cummins Inc. plans to add 500 jobs over several years to build V8 turbo diesel engines for Nissan Motor Co.'s next generation Titan pickup truck, the Columbus-based engine maker said Tuesday.52. US retail sales up 0.2 percent in July - Friday, August 09, 2013
WASHINGTON (AP) — U.S. retail sales edged up in July despite a drop in auto sales. A category of purchases that excludes the most volatile areas rose by the most in seven months, a sign that consumer spending could boost economic growth in coming months.53. Mississippi car company's big plans haven't come to fruition - Friday, August 09, 2013
TUNICA, Miss. (AP) — It seemed like a win for everyone involved when a startup car company, backed by political heavyweights, wooed investors with plans to build a massive auto plant in the Mississippi Delta, hire thousands of people and pump out a brand new line of fuel-efficient vehicles.54. GM to invest $167M more at Spring Hill factory - Friday, August 02, 2013
NASHVILLE (AP) - General Motors plans to spend another $167 million at its Tennessee factory so it can build two new midsize vehicles.
The investment disclosed Tuesday is on top of a previously announced $183 million investment. The spending is expected to create or keep 1,800 jobs, but GM wouldn't say how many new people would be hired.55. GM knocks 12.5 percent off Volt price - Friday, August 02, 2013
DETROIT (AP) — General Motors is knocking 13 percent off the sticker price of the Chevrolet Volt electric car as it tries to keep pace with rivals in the market for plug-in vehicles.
The automaker said Tuesday that the 2014 Volt will start at $34,995, including shipping — $5,000 less than the current model. The new model is scheduled to reach showrooms late this summer.
56. Toyota profit up on cheap yen, forecasts raised - Friday, August 02, 2013
TOKYO (AP) — Toyota Motor Corp. said its profit for the first quarter of the fiscal year nearly doubled from a year ago, and set an ambitious, worldwide production goal that would break industry records if reached.57. Auto sales rise as small cars enjoy summer surge - Friday, August 02, 2013
DETROIT (AP) — Pickup trucks may have led the charge, but strong sales of small cars in July showed demand for new vehicles is broad — and not slowing down.
Car sales grew in the first six months of this year, but not at the blistering pace of trucks and SUVs. Through June, full-size pickups were up 22.5 percent over the year before, while cars were up just 5 percent.
58. Ford to offer natural gas F-150 for 2014 - Friday, July 26, 2013
DETROIT (AP) — Ford soon will offer a natural gas version of its F-150 pickup truck, the most popular vehicle in America.
The company is the first Detroit automaker with that option in a light-duty pickup truck. Ford, General Motors and Chrysler already have natural gas-powered heavy-duty trucks.59. Tennessee again tops in auto manufacturing strength - Friday, July 26, 2013
NASHVILLE (AP) - Tennessee is, for a fourth consecutive year, ranked No. 1 in automotive manufacturing strength in the nation.
Economic development publication Business Facilities has released its annual ranking, showing Tennessee the top state.60. Toyota top-selling automaker despite China slump - Friday, July 26, 2013
TOKYO (AP) — Toyota shrugged off China sales woes to stay the world's top selling automaker for the first half of this year, outpacing U.S. rival General Motors Co., which boasted such bragging rights for seven decades until 2008.61. GM 2Q profit beats estimates, shares drop - Friday, July 26, 2013
DETROIT (AP) — Just as General Motors is getting a handle on its troubles in Europe, the automaker faces a new challenge in another part of the globe.
GM says Japanese automakers are using the weak yen to cut prices in Southeast Asia and Australia, taking a bite out of GM's profits there. Sales tailed off in India as well.62. GM 2Q profit beats estimates; N. America soars - Friday, July 19, 2013
DETROIT (AP) — General Motors' second-quarter profit topped expectations as a solid performance in North America offset declining profit in some international markets and more losses in Europe.63. New Impala tops sedans in Consumer Reports tests - Friday, July 19, 2013
DETROIT (AP) — The Chevrolet Impala, long the standard-bearer for mediocre cars from Detroit, has made an amazing turnaround.
A completely reworked version of the full-size car has taken Consumer Reports magazine's top spot for all sedans, deposing German and Japanese cars for the first time in at least 20 years.64. Former GM exec sees Toyota role as sign of change - Friday, July 19, 2013
NAGOYA, Japan (AP) — Mark Hogan, a former General Motors Co. executive tapped to join the Toyota board, sees his appointment as a sign of change at the Japanese automaker and hopes he'll play a role in the company becoming less insular and quicker in decision making.65. Long-suffering Detroit finally turns to bankruptcy - Friday, July 19, 2013
DETROIT (AP) — At the height of its industrial power, Detroit was an irrepressible engine of the American economy, offering well-paying jobs, a gateway to the middle class for generations of autoworkers and affordable vehicles that put the world on wheels.66. AutoNation posts 14 pct profit rise for 2Q - Friday, July 19, 2013
DETROIT (AP) — AutoNation, the country's largest car dealership chain, made optimistic predictions for the next year as its second-quarter earnings rose 14 percent on strong growth in all of its business units.67. Camry in battle to stay America's best-selling car - Friday, July 12, 2013
DETROIT (AP) — America's top-selling car is in danger of losing its title.
Toyota's Camry has been No. 1 for more than a decade, but the company is stretching to keep it there with price cuts, rebates and lease deals.68. GM global sales up 4 percent, may gain on Toyota - Friday, July 12, 2013
DETROIT (AP) — General Motors' global sales grew almost 4 percent in the first half of the year, enough to fend off Volkswagen for second place and perhaps close the gap with sales leader Toyota.
GM said Tuesday that it sold 4.85 million cars and trucks worldwide from January through June. That puts GM on pace for sales of around 9.7 million for the year.69. China's June auto sales rise 9.3 percent - Friday, July 05, 2013
BEIJING (AP) — China's auto sales growth held steady in June and Japanese brands rebounded from a slump despite a credit crunch and slowing economic growth.
Auto sales rose 9.3 percent over a year earlier to 1.4 million vehicles, the China Association of Auto Manufacturers reported Wednesday. That was in line with May's 9 percent growth.70. US safety agency may expand GM car recall - Friday, July 05, 2013
DETROIT (AP) — U.S. safety regulators may add nearly 5,000 cars to a recall of the Chevrolet Malibu Eco, Buick LaCrosse and Buick Regal sedans.
In May, General Motors announced that it would recall more than 38,000 of the 2012 and 2013 cars because a defective generator control module could stall the engine or cause a fire. The cars have GM's eAssist gas-electric hybrid system.71. Late to the Chinese market, Ford aims to catch up - Friday, July 05, 2013
CHONGQING, China (AP) — Dave Schoch has one of the toughest jobs at Ford Motor Co.: catching the competition in the world's biggest car market.72. Temporary jobs becoming a permanent fixture in US - Friday, July 05, 2013
WASHINGTON (AP) — Hiring is exploding in the one corner of the U.S. economy where few want to be hired: Temporary work.
From Wal-Mart to General Motors to PepsiCo, companies are increasingly turning to temps and to a much larger universe of freelancers, contract workers and consultants. Combined, these workers number nearly 17 million people who have only tenuous ties to the companies that pay them — about 12 percent of everyone with a job.73. GM, Honda to collaborate on fuel cell vehicles - Friday, June 28, 2013
NEW YORK (AP) — General Motors Co. and Honda Motor Co. are joining forces to develop hydrogen fuel cell vehicles.74. Auto sales maintain momentum, led by pickups - Friday, June 28, 2013
DETROIT (AP) — Three years ago, U.S. car buyers started trickling back into showrooms after largely sitting out the recession. That trickle has turned into a flood.
From owners of revitalized small businesses that need to replace aging pickups to new hires who need a fresh set of wheels for the daily commute, increasingly confident buyers pushed auto sales back to pre-recession levels in the first six months of this year. Sales in the January-June period topped 7.8 million, their best first half since 2007, according to Autodata Corp. and Ward's AutoInfoBank. Automakers reported June sales Tuesday. They rose 9 percent to 1.4 million.75. VW mum on prospects for Tennessee plant expansion - Friday, June 21, 2013
CHATTANOOGA (AP) — Volkswagen calls its Chattanooga plant a global model for energy conservation and efficient production. But executives remain tightlipped about whether the facility is in line to produce a new crossover SUV for the German automaker.76. GM breaks ground on China Cadillac plant - Friday, June 14, 2013
SHANGHAI (AP) — General Motors Co. executives broke ground for a new Cadillac factory in China on Wednesday to target luxury buyers in the world's biggest auto market, though they said the segment would grow slower than expected this year.77. European car sales hit 20-year low for May - Friday, June 14, 2013
MILAN (AP) — European car sales hit their lowest level for the month of May in 20 years as the region's recession dragged on, the European automakers' association said Tuesday.
Passenger car sale demand for May dropped by 5.9 percent on the same month last year in the 27-country European Union to 1.042 million units, the lowest level since May 1993 when sales dropped below 1 million, according to new figures released by ACEA. For the first five months of the year, sales dropped 6.8 percent to 5.07 million.78. Chrysler freezes pension plan for 8,000 employees - Friday, June 14, 2013
Chrysler Group LLC says it is freezing the pension of roughly 8,000 U.S. salaried employees at the end of the year.79. Judge sides with GM, dismisses Spyker lawsuit - Friday, June 07, 2013
DETROIT (AP) — A federal judge on Monday dismissed a $3 billion lawsuit filed by Dutch car maker Spyker against General Motors Co.80. Treasury to sell 30 million shares of GM stock - Friday, May 31, 2013
DETROIT (AP) — The U.S. government plans to sell another 30 million shares of General Motors stock in a public offering on Thursday as it speeds up efforts to divest itself from a stake in the auto giant that it got in a bailout four years ago.81. US safety agency may expand GM air bag recall - Friday, May 31, 2013
DETROIT (AP) — U.S. safety regulators are checking to see if up to 400,000 General Motors cars should be added to two recalls for defective air bags.
The probe covers Chevrolet Cruze and Sonic small cars, the Chevrolet Camaro muscle car and the Buick Verano small car from the 2012 model year.
82. Stocks close lower on Fed stimulus worries - Friday, May 31, 2013
NEW YORK (AP) — The Federal Reserve guessing game threw the markets for another loop Tuesday.
Comments from a Fed official raised expectations that the Fed could start easing off its support for the economy soon, sending the stock market sharply lower in the late afternoon. The market recovered in the last hour of trading to end with slight losses.
83. US auto sales roar back in May, led by pickups - Friday, May 31, 2013
DETROIT (AP) — Full-size pickups once again dominated U.S. auto sales in May, as small businesses — increasingly confident in the economy — raced to replace the aging pickups they held on to during the recession.84. US auto sales see big gains in May - Friday, May 31, 2013
DETROIT (AP) — Price cuts at Nissan and strong demand for pickup trucks helped U.S. auto sales rebound in May after a slight dip in April.
General Motors reported its strongest monthly sales since September of 2008. Chrysler, Ford, and Toyota also reported increases. Nissan Motor Co. notched its highest May sales ever after cutting prices on seven popular models early in the month. Only Volkswagen said sales fell compared with May of last year.
85. GM to show off reworked Chevy Malibu - Friday, May 31, 2013
The Chevrolet Malibu, an also-ran in the popular midsize car segment, shows off a quick makeover Friday that is expected to address criticism of its bland styling and so-so performance.
General Motors will unveil the updates at a press event in Detroit. Experts are expecting to see a more modern-looking car, with some additional legroom in the back seat.86. Cheap leases offered to spur electric car sales - Friday, May 24, 2013
DETROIT (AP) — Auto companies are hoping lower lease prices can put a charge into sluggish sales of electric cars.
Honda announced Thursday that it's slashing the monthly lease cost of its tiny Fit EV by one third, following similar moves by other automakers. Honda also is throwing in other goodies, such as a free home charging station and unlimited mileage.
87. Cheap leases offered to spur electric car sales - Friday, May 31, 2013
DETROIT (AP) — Auto companies are lowering lease prices for electric cars as they try to jump-start slow sales in a competitive market.
Honda announced Thursday that it's slashing the monthly lease cost of its tiny Fit EV by one-third to $259 a month. Honda also is throwing in other goodies such as a free home charging station and unlimited mileage.88. US auto factories cutting back on summer downtime - Friday, May 17, 2013
DETROIT (AP) — The Detroit automakers are largely forgoing the traditional two-week summer break at their factories and speeding up production to meet buyers' growing demand for new cars and trucks.89. GM stock rises above $33 for first time in 2 years - Friday, May 17, 2013
DETROIT (AP) — Shares of General Motors reached an important milestone on Friday, topping their initial public offering price of $33 for the first time in more than two years.
The automaker's stock, which has been on a tear since January, reached $33.58 Friday morning before slipping back to $33.52, up 3.5 percent, around midday. The auto giant sold shares to the public for $33 in a November 2010 IPO, but they hadn't traded above that price since May 4, 2011.90. Stocks rise on hopeful signs for the US economy - Friday, May 17, 2013
NEW YORK (AP) — Encouraging news about the U.S. economy pushed stocks higher on Wall Street Friday.
A gauge of future economic activity rose more than analysts had expected, as did a measure of consumer confidence, adding to evidence that the economy is steadily recovering.
91. Toyota profit more than doubles on yen, cost cuts - Friday, May 03, 2013
TOKYO (AP) — Toyota's quarterly profit more than doubled to 313.9 billion yen ($3.2 billion) as cost cuts and better sales worked with a weakening yen to add momentum to the automaker's comeback.
Toyota Motor Corp., which last year reclaimed the title of world's top-selling automaker, said Wednesday it expects the strong results to continue in its new business year that ends March 2014. It projected a 1.37 trillion yen ($13.8 billion) profit, up from 962 billion yen for the year ended March 2013.92. GM recalls 38,197 cars for battery control defect - Friday, May 03, 2013
DETROIT (AP) — General Motors Co. is recalling 38,197 Chevrolet Malibu Eco, Buick LaCrosse and Buick Regal sedans in the U.S. because a defective battery control module could stall the engine or cause a fire.93. GM profit falls 14 pct in 1Q; Europe loss narrows - Friday, April 26, 2013
DETROIT (AP) — General Motors' net income fell 14 percent in the first quarter, as it earned less money in North America while preparing to launch a redesigned version of its best-selling vehicle, the Silverado pickup.94. Stocks gain after unemployment claims fall - Friday, April 26, 2013
NEW YORK (AP) — Encouraging news about the job market and higher profits from CBS, Facebook and other companies lifted stocks Thursday.
Signs of increased hiring have supported this year's surge in stocks and pushed the market to record highs. The run-up has started to falter in recent weeks on concerns that the global economy is slowing.95. Detroit boosted by truck sales; Honda, Nissan gain - Friday, April 26, 2013
DETROIT (AP) — Ford, GM, Chrysler and Nissan all reported double-digit U.S. sales increases last month, signaling the best April for car and truck sales in six years.
A rebound in pickup truck sales led the way, especially for the Detroit automakers. Small businesses are replacing aging trucks that they've kept since the Great Recession.
96. Nissan cuts prices on 7 US models - Friday, April 26, 2013
DETROIT (AP) — Nissan is cutting prices on seven of its 18 models in the U.S., hoping its cars and trucks will show up in more Internet searches by shoppers.
The price cuts vary with the amount of equipment on each model and run from 2.7 percent, or $580, on the top-selling Altima midsize car to 10.7 percent, or $4,400, on the Armada big SUV. Other models getting price cuts include the Sentra compact car, Juke small crossover SUV, Murano midsize crossover, Rogue small crossover and the Maxima full-size car.97. New Corvette to start around $52,000, GM says - Friday, April 26, 2013
DETROIT (AP) — General Motors said Friday that a base model of the 2014 Corvette Stingray will start at just under $52,000.
Considering everything that GM put into the newest Corvette, the $1,400 price increase over the current model seems pretty modest.98. GM says Chevy Spark EV can go 82 miles per charge - Friday, April 19, 2013
DETROIT (AP) — General Motors said Wednesday that the battery-powered version of its Chevrolet Spark mini-car can travel up to 82 miles on a single charge, putting it among the leaders in mass-market electric vehicles sold in the U.S.99. Toyota top-selling automaker despite China fall - Friday, April 19, 2013
TOKYO (AP) — Toyota held onto its status as the world's top-selling automaker in the first quarter of this year, although the three-way race with General Motors and Volkswagen is proving tight, as its sales fall in China and Japan.100. Chinese automakers struggle against global rivals - Friday, April 12, 2013
SHANGHAI (AP) — These should be good times for Chinese automakers as they prepare to show off their latest models at the Shanghai auto show.
Their home market is the world's biggest and growing. But independent automakers such as Chery and Geely are being squeezed by bigger, richer global rivals including General Motors and Nissan that have moved into turf the Chinese makers considered their own: low-priced models for local tastes. Domestic brands account for less than half of their own market.