9 min ago | Chicago Business
Navistar Financial issues $350M in securities
The company, a subsidiary of heavy-vehicle maker Navistar International Corp. , said it would use proceeds to provide funding for dealer inventories.
4 hrs ago | KIFI
Thor Industries CEO steps down citing illness
Thor Industries Inc. said Tuesday its chairman and CEO Wade F. B. Thompson has stepped aside due to illness and has been replaced on an interim basis by the company's vice chairman.
8 hrs ago | The Detroit News
Two Detroit-area auto suppliers predict growth
Two Detroit-area auto suppliers are predicting growth next year, with much of it coming from outside the United States.
12 hrs ago | Canadian Business Magazine
GM Canada to invest $90 million in CAMI facility, recall 150 employees
TORONTO - General Motors Canada announced Monday it will invest $90 million in its joint-venture facility in southwestern Ontario, resulting in the recall of about 150 laid-off employees and drawing praise from union and government officials alike.
16 hrs ago | The Detroit News
GM to put electric Cadillac Converj into production
General Motors Co. has decided to produce the Cadillac Converj, an extended-range electric car using the same technology as the Chevrolet Volt, The Detroit News has learned.
Fed says GMAC only stress-tested bank without enough capital to withstand future downturn
The Federal Reserve said Monday that GMAC is the only one of 19 stress-tested banks that needs more capital to withstand losses if the economy softens.
Chrysler Pulls Plug On Electric Cars Used To Get Bailout
If you believed all the talk from Chrysler about how our tax dollars would help finance its fast-track electric-vehicle future, you're in for a big disappointment.
Auto supplier Lear exits bankruptcy
Auto parts maker Lear Corp. emerged Monday from four months in bankruptcy protection, saying it has a healthier balance sheet, less debt and a backlog of new business.
GM Ceo Henderson in Germany discussing Opel future
The chief executive of General Motors Co. met with leaders of its Opel unit on Monday to discuss the German automaker's future, a week after GM abruptly decided to keep it instead of selling a majority stake to a consortium of investors.
Ford turns big profit, loses union vote
U.S. auto giant Ford Motor Co. said Monday it earned a profit of $997 million in the third quarter, a $1.2 billion rebound from the third quarter a year ago.
Probe finds jump in runaway Toyota complaints
Over 1,000 Toyota and Lexus owners have reported sudden, spontaneous acceleration of their vehicles since 2001, including crashes blamed for 19 deaths, far more than earlier disclosed, the Los Angeles Times reports.
Still tough going for ASB bank
ASB performed well in the first quarter but operating conditions remain difficult in New Zealand, parent Commonwealth Bank of Australia said today.
Trailer company consolidating headquarters in Cadiz, Ky.
A large trailer manufacturer is consolidating its operations in southern Kentucky, leading local officials to hope the move brings new jobs to an area struck by high unemployment.
The good, the odd, the testy in eventful week
Leftover thoughts from a week overloaded with news: The most welcome surprise in Chrysler-Fiat's 5-year plan? The nifty little 500 city car will proudly wear a Fiat badge when it goes on sale in Chrysler dealerships in early 2011.
GM to stick to Opel cuts plan: future chairman
General Motors Co will probably stick to a plan to cut costs at Opel by 30 percent after deciding to restructure the European subsidiary itself rather than sell it, Bob Lutz, a GM executive set to become Opel's chairman, was quoted as saying on Sunday.
GM boss Carl-Peter Forster set for Jaguar
Carl-Peter Forster, the departing boss of General Motors Europe, has been lined up to take charge of Jaguar Land Rover, the Midlands-based luxury carmaker.
Gold stocks helped keep the Toronto stock market ahead Friday afternoon despite employment reports for October that came in much worse than expected.
Ford launches inflatable belts
Ford Motor Company has designed an inflatable seat belt to keep passengers in the back seat safe.
Toyota is sued over concerns of sudden acceleration
Two Los Angeles County residents have sued Toyota Motor Corp., alleging that the majority of Toyota and Lexus vehicles made since 2001 contain defective components that can cause unintended acceleration.
Chrysler gears up for a full makeover
The Associated Press, The Washington Post and automotive writer Terry Box contributed to this report.
Also on Topix