Big Three, Auto Industry | featured news

General Motors Co. will announce increased hours at several factories due to rising sales from the government's Cash for Clunkers program.

General Motors Corp. said Tuesday it has signed an agreement to sell its unit Saab Automotive to Sweden's Koenigsegg Group AB, confirming an announcement in June, although government officials warn that more capital is needed before the deal can be closed.

Chrysler Group LLC is planning to build the Fiat 500 small car at a plant in Mexico, according to a report published Monday.

In the city, most drivers will rely on the rechargeable battery and should get at least 230 miles per gallon, G.M. said.

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.

A leaner General Motors is close to starting a new life under government ownership after a judge denied an 11th-hour request Thursday to block the automaker's quick exit from bankruptcy.

The deal between General Motors and the Obama administration solves a problem that could have troubled the company’s plan for quick restructuring.

The government is poised to disclose that Ford, Tesla and Nissan will be among the first beneficiaries of a $25 billion loan program to help develop fuel-efficient vehicles.

Automaker to sell its Swedish unit Saab to sports car manufacturer Koenigsegg.

G.M is close to selling Saab to Koenigsegg, a Swedish maker of high-end sports cars, a person close to the negotiations said.