PSA won EU approval for the French government to guarantee 7 billion euros ($9.28 billion) in bonds for its banking unit. The guarantee will help keep the automaker afloat as it struggles to rein in losses.
Chrysler, riding sales gains in the United States and globally, reported net income of $507 million in the second quarter as strong sales of pickups and SUVs led the automaker to its eighth consecutive quarterly profit.
American Honda's U.S. sales are up six percent in the first half of 2013. In this video, Mendel discusses Honda's growth strategy in North America, the newest Acura, and the automaker's recent decision to move some executives to Ohio.
While redesigned pickups from Ram and GM have new underpinnings and running gear -- as will next summer's Ford F-150 replacement -- Toyota has kept the Tundra's powertrain and platform largely intact for 2014.
Mercedes-Benz vehicles were the most sought-after luxury brand among car thieves in the United States from 2009 through 2012 as the New York City region had the greatest number of thefts, an insurance-industry group said.
GM plans to launch the new Chevrolet Spark in 2015, but will delay the launch of its revamped Aveo, a Korean labor union spokesman said. The Spark/Matiz, is Chevrolet's best-selling model in Europe while the Aveo is No. 3 after the Cruze compact.
General Motors CEO Mary Barra comments on lessons from mom; girls who shy away from math; slicing a 10-page policy down to two words; tapping millennials to erase stupid habits; taking regular trips to Silicon... » Watch the Video