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Car-battery maker A123 is expected to say it has raised $69 million, and that GE will gain a seat on its board.

The Treasury Department is directing General Motors to lay prepare for a bankruptcy filing by June 1, despite GM's assertion that it could still reorganize without such a filing, The New York Times reported unnamed sources as saying on Monday.

Toyota Motor Corp.’s US sales fell less than analysts predicted last month as the world’s largest carmaker offered near-record incentives to spur demand.

GM announces that its U.S. sales were down 45% from the previous March; other major car markers drop at least 36%. Some in the industry, though, see positive signs.

Ford Motor Co. said Wednesday its March sales in the U.S. fell 41 percent from a year earlier as low consumer confidence and job uncertainty continued to worry car buyers.

The Obama administration is seeking to ease General Motors Corp into a "controlled" bankruptcy by persuading some creditors to agree to a plan that would divide the company into two pieces, the New York Times reported on Wednesday.

No question is more critical to their survival. And despite what GM's new CEO says, bankruptcy won't help.

Executives at General Motors and Chrysler are speeding to put in place workable plans to restore their dwindling operations. It’s a race they might not win.

Ford Motor Co. said Tuesday it is offering a payment protection plan to help reassure consumers who may be putting off buying a new car because of worries about losing their job.

The moves come less than an hour after Obama tells the two carmakers to take another stab at redesigning their companies, a requisite for receiving more federal funds.

Less than an hour after President Obama said a major overhaul was needed to save the auto industry, Chrysler announced that it had formed the framework of an alliance with Fiat, while at General Motors Corp., new leaders took charge after the chairman was forced to step down