Automaker News

The company, a subsidiary of heavy-vehicle maker Navistar International Corp. , said it would use proceeds to provide funding for dealer inventories.

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.

Two Detroit-area auto suppliers are predicting growth next year, with much of it coming from outside the United States.

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.

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.

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.

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 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.

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.

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.

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.

ASB performed well in the first quarter but operating conditions remain difficult in New Zealand, parent Commonwealth Bank of Australia said today.

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.

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.

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.

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 Motor Company has designed an inflatable seat belt to keep passengers in the back seat safe.

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.

The Associated Press, The Washington Post and automotive writer Terry Box contributed to this report.