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Volvo announced Hakan Samuelsson will take over as its new chief executive, replacing Stefan Jacoby.

Ford's market analyst said U.S. auto sales are running at the strongest pace since April as vehicle inventories recover for Toyota and Honda.

Honda Motor Co. said Monday it was set to voluntarily recall 936,000 cars globally to repair problems with power windows and computer equipment. Honda said no serious injuries or fatal accidents were reported due to the problems, and the repair bill would be limited to about $17 million in Japan.

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.

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

General Motors' sales in China increased 28.8% in 2010 while U.S. sales rose just 6.3%. GM is one of the best-positioned automakers in emerging markets, even better than Toyota, says one expert. General Motors Co. sold more vehicles in China than it did in the U.S.