Automaker | featured news

General Motors says its U.S. sales rose 18 percent in August as fuel-efficient vehicles helped offset economic uncertainty and bad weather. Other automakers may not fare as well.

Toyota Motor Corp and Ford Motor Co will work together to develop gasoline-electric trucks and SUVs that will be ready for market by the end of the decade, the two companies said on Monday.

Honda is recalling 2.5 million cars and SUVs worldwide  to repair the software that controls the automatic transmission, the automaker said.

General Motors said its sales increased 7.6 percent from a year ago. Ford’s were up 6.1 percent and Chrysler’s rose 20.1 percent.

The White House unveiled a fuel-economy proposal that would roughly double U.S. fleet average to 54.5 miles-a-gallon by 2025. The proposal won support from the largest auto-makers and environmental groups.

Ford Motor Co plans to build a $900 million production plant in India, doubling its investment in the country, as the U.S. carmaker seeks to catch up with rivals in the second-fastest growing auto market in the world.

Swedish car maker Saab Automobile must pay its workers within 14 days to avoid bankruptcy, the general counsel at labor union Unionen said after the cash-starved company failed to pay employees on time.

To help American carmakers stay in business, autoworkers grudgingly gave up pay raises and some benefits four years ago.

The Treasury Department said Thursday it has exited its investment in Chrysler LLC after Italian automaker Fiat SpA purchased the U.S. government's remaining holdings in the auto company.

Chrysler Group LLC has recalled 11,351 vehicles for a possible missing or incorrectly installed part that could result in loss of steering capability and increase the risk of a crash.