Automaker will offer buyouts to employees at two Tennessee plants and eliminate a night shift at one plant because rising fuel prices and the economic downturn slowed truck and SUV sales.
American Trucking Associations said goods shipped by truck rose in June, but the trade group's chief economist suggested the nation's economy might not yet be on the road to recovery.
French tiremaker blamed the slide on a 'significant drop' in the market for replacement tires in Europe and North America and a sharp rise in raw material costs.
General Motors has told dealers it will continue to offer leasing incentives in August, while it and other automakers continue to scrutinize their leasing practices.
Automotive parts maker says the Financial Supervisory Authority has signed off on its plan to offer Continental shareholders $109.39 per share in cash.
Company said it will make twin turbos for the 3.5-liter V-6 EcoBoost engine that will go into the 2010 Lincoln MKS luxury sedan.
Chase says it wants to keep its lease portfolio small because it is concerned about declining used car values, but will continue financing leases for other automakers.
Labor officials ask for $4 million in federal grants to help 785 people over the next two years with counseling, job training and placement services.
Slow boat sales and the poor economy have forced boat engine maker to cut 60 jobs and temporarily shut down production in Fond du Lac, Wis.
General Motors said Monday it will cut production by another 117,000 vehicles, citing continued weakness in consumer demand for pickup trucks and sport utility vehicles.
Canadian arm of Ford Motor Co. has been fined $175,000 for an industrial accident in September 2006 at its facility in Oakville, Ontario.
Lee Hart, a battery engineer, has been working on a design for an electric car he hopes can be copied and built by average people.
Settlement over the closure of General Motors' truck plant in Oshawa, Ont., calls for more vehicles to be built at the new flexible car plant the automaker is building.
Japanese automaker lowered its global sales plan this year to 9.5 million vehicles, down from 9.85 million, but still plans to sell more vehicles than it did last year.
Automaker’s Shreveport plant, which assembles the Hummer H3, has been spared the fate of scheduled plant closures, but as GM cuts truck production further it is still in jeopardy.
Automaker said it will get out of the auto leasing business by the end of the month because economic conditions have made leasing more expensive than buying.
Bleeding cash and with its very survival uncertain, the icon of American automaking will try to import some of its success from across the Atlantic.
Agency failed to implement recommendations designed to keep medically unfit commercial truck and bus drivers off the nation's highways, lawmakers said.
Japan's No. 2 automaker reported record fiscal 1Q profit as growth in new markets offset the damage from a stronger yen and soaring material costs.
State Supreme Court affirmed a trial court's decision to award a couple $13 million in punitive damages in a wrongful death lawsuit against the automaker.
Automaker looking into a 42 percent stake in Russia's largest truck maker in a bid to increase its presence in Europe's biggest truck market.
Automaker lost $8.67 billion in 2Q and will retool two more North American truck and SUV plants to build small, fuel-efficient vehicles.
Car maker said profit slipped on charges related to Chrysler, and blamed its reduced full-year earnings outlook on a slowing global economy and higher production costs.
After reporting a 37 percent increase in first-half profit, French carmaker said it plans to cut jobs and scale back production to adjust for slowing economic growth.