Auto Industry, Automaker | featured news

October was a relatively good month for the auto industry, which is trying to build momentum in what has been a slow recovery.

Ford Motor Co. is on a roll. Its popular new cars and trucks are grabbing a bigger share of the U.S. market. It's about to erase a big portion of its health care debts. And Ford is adding a significant number of jobs for the first time in years.

The month of October is just about a wrap, and it’s shaping up to be a good one for the auto industry.

A strong customer demand for the vast range of Toyota has helped the company to cross the 200000 plus sales mark in the month of September. The company has been a leader in 7 categories of its vehicles and has not fell below the third place in whichever category it had participated.

General Motors and Chrysler are beginning to make some headway after getting a financial and operational overhaul compliments of the U.S. bankruptcy court.

While sales were up, overall demand continued to be lower than automakers had expected it to be at this point in the economic recovery.

Hyundai Motor Co. said it is voluntarily recalling 139,500 Sonata sedans in the U.S. because of a manufacturing defect that could cause drivers to lose steering control.

Toyota Motor Corp. has settled a lawsuit brought by relatives of four family members killed in a high-speed crash near San Diego that galvanized attention around safety flaws of Toyotas and led to the recalls of millions of cars, a report published Friday said.

The annual package includes $1.7 million in salary and a mix of stock, some part of a long-term incentive plan.

General Motors filed to become a public company again and let the federal government begin selling down its share.