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Automaker says earnings were fueled by cost cuts and Cash for Clunkers rebates.

Changes to the workers’ contract that would have allowed cuts appeared headed for certain defeat.

General Motors Co. said Wednesday it would shut down its Saturn division after an agreement to sell it to Penske Automotive Group Inc. fell apart.

Toyota Motor Corp. said Tuesday it will recall 3.8 million vehicles in the United States, the company's largest-ever U.S. recall, to address problems with a removable floor mat that could cause accelerators to get stuck and lead to a crash....

U.S. auto sales boomed in August as consumers burned through $3 billion in government incentives, leaving automakers to contend with both inventory shortages and uncertain demand in the months ahead.

Once an industry laughingstock, S. Korean automaker sells value as its rivals falter.

Toyota is shutting the California factory it ran with General Motors for 25 years -- the first time the Japanese automaker is closing a major auto assembly plant ever.

Ford Motor Co. saw an increase in domestic sales this July over last, a Ford official told CNN Radio on Sunday. It was the first monthly sales gain claimed by a major automaker since the financial crisis began last year.

Facing a glut of unsold 2009 inventory, automakers and car dealers hope the government incentive can help them reduce supply before 2010 models arrive.

One-time restructuring gains gave Ford a quarterly profit of $2.3 billion, despite a loss at its automotive operations.