U.S. auto sales jumped 20 percent in August to the best performance in three years even as higher gas prices drove a shift towards smaller and more fuel efficient vehicles, industry data showed Tuesday. The results will be welcome news for President Barack Obama, who is touting his rescue of…
DETROIT, Michigan — The Big Three US automakers reported strong domestic sales for June Tuesday, capping a solid first half of the year even as US economic growth overall remained weak. Despite economic headwinds, Chrysler and General Motors both posted double-digit increases in US sales last month, while Ford grew…
General Motors plans to stop advertising on Facebook because it determined paid ads had little impact on consumers, the Wall Street Journal reported Tuesday, citing people familiar with the matter. The news comes at a bad time for Facebook, which is expected to launch an initial public stock offering Friday…
US auto giant General Motors (GM) insisted that it was committed to supporting its ailing British brand Vauxhall along with German brand Opel in remarks at the Geneva motor show on Tuesday. GM vice president Stephen Girsky told a press conference that GM stood by the two European businesses. “Any talk of insolvency should be…
CHICAGO — General Motors said Friday it has suspended production of its electric Chevy Volt for five weeks in order to match supply to weak demand. “We’re going to take five weeks of downtime at the plant as we are going to build to what the market demands,” spokeswoman Michelle…
WASHINGTON — US Vice President Joe Biden spelled out a blunt reelection message for his boss President Barack Obama on Tuesday — “Osama bin Laden is dead and General Motors is alive.” Biden’s comment at a Texas fundraiser came as Obama stepped up his drive to claim credit for rescuing…
DETROIT, Michigan — General Motors took aim at the youth market Monday, showing off sporty new designs for their smallest, entry-level cars at the Detroit auto show. “At Chevrolet we believe we can capture the hearts and minds of these new consumers and become one of the brands, across all…
Glamour and glitz returned to the Detroit auto show as once-struggling General Motors served champagne at a sneak peek of its newest Cadillac and Mercedes launched its latest roadster with a jazzy serenade at a swank cocktail party. Just three years ago, the survival of the Detroit Three automakers was in doubt as GM and Chrysler sought billions in government bailouts and…
CHICAGO — The Detroit Three automakers posted solid December US sales Wednesday, driving a strong 2011 performance and expectations for even better results this year as the industry slowly climbs out of a deep downturn. “It’s now clear that auto sales should continue to grow in 2012 barring a shock…
Okay, suppose we do exactly what every conservative wants and we union-bust the Big Three, match their wages and benefits exactly to foreign producers set up in the states, dismantle the currently existing pension system and even (most likely) cut labor overall. At what point did any of those workers…