Detroit, cradle of the U.S. auto industry, became the most populous American city to file for bankruptcy, seeking court protection from creditors. The Detroit 3 automakers offered support for the plan, with Chrysler pledging to continue investing in the city.
Honda plans to bring hybrid variants of its Fit subcompact to the United States with the car's redesign, as the Japanese automaker wagers that its new hybrid drivetrain will challenge Toyota's dominance in the field.
Toyota won tentative final approval of a settlement, valued at as much as $1.63 billion by plaintiff lawyers, with U.S. consumers who claimed that recalls related to sudden, unintended acceleration caused their vehicles to lose value.
Chrysler Group expects to be producing over 400 new Jeep Cherokees a day at its Toledo Assembly Complex within three weeks, and plans to be operating with a full second production shift by the end of August, plant officials said today.
GM is preparing to put its full-sized pickup trucks on a severe diet to meet future government fuel-economy standards and stay competitive with rival Ford, according to several people familiar with its plans.
Panasonic agreed to plead guilty to price-fixing allegations involving automotive parts sold to Toyota, Honda, Mazda and Nissan, the U.S. Justice Department said. Panasonic will pay about a $45.8 million criminal fine, the department said in a statement.
About 3,000 GM salaried retirees in Canada have won a class-action case against their former employer over cuts in health and life insurance benefits, according to a report in the Globe and Mail newspaper.
GM has delayed the launch of the next-generation Chevrolet Cruze by a year due to engineering changes and a desire to squeeze more sales from the small car before it is redesigned, people familiar with the company's plans said.
Bernd Pischetsrieder, former chief of BMW and Volkswagen, has a lot of experience selling new cars. Now he's focusing on old ones after acquiring a controlling stake in a vintage car dealership in Germany.