U.S. auto sales are expected to rebound robustly in November, potentially hitting their strongest pace in more than four years, as consumers in the Northeast returned to dealerships after superstorm Sandy hurt demand in late October.
The Canadian and Ontario governments should sell their stake in GM, which is equal to about 9 percent of the company's shares, sooner rather than later, the province of Ontario's finance minister is quoted as saying in a report in the Globe and Mail on Friday.
Zig Ziglar, a motivational speaker who inspired world leaders and business owners, including auto dealers, died Wednesday in Texas. He was 86. Ziglar spoke at the 75th annual National Automobile Dealers Association convention in 1992.
The Obama administration launched a fresh $120-million research project Friday, aimed at developing cheaper batteries for electric vehicles, a sector that has faltered despite billions of dollars of prior government investment.
Computer-controlled braking and stability control systems in cars and light trucks are saving thousands of lives in the United States, according to a three-year study released on Friday by federal safety regulators.
Chrysler is paying U.S. hourly workers represented by the UAW the second half of a $3,500 ratification bonus earlier than required by a labor agreement. The company said the early payment, which will be made on Dec. 21, was to acknowledge the "dedication" of the workers as the U.S.
Leading road travel group AAA on Friday called on the U.S. government to suspend the sale of gasoline with a higher blend of ethanol fuel, the latest opposition against increasing the use of biofuels in transport.
When Porsche's $100 million North American headquarters in Atlanta opens in 2014, dealers will have another tool to close a sale or reward a loyal customer. The headquarters project includes a test track and a customer experience center that dealers are invited to tap.
Mitsubishi's U.S. sales are down 29 percent through October, the industry's biggest decline. President Osamu Masuko says the company's rebound will begin in the next fiscal year, when annual sales will rise to 80,000.