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News as it happens from autonews.com

Wed, 1 Sep 2010 22:00:00 EST

GM pitch to investors to begin after elections, Reuters reports

General Motors Co. plans to begin courting investors for its initial public stock offering immediately after the Nov. 2 U.S. mid-term congressional elections, two sources familiar with the plans said on Wednesday.

Wed, 1 Sep 2010 11:02:00 EST

U.S. auto demand falls to weakest level since February

U.S. auto sales dropped to their weakest rate since February as most automakers posted sharp declines from a year earlier, when the U.S. cash-for-clunkers program fueled demand for new vehicles. August's seasonally adjusted annual sales rate of 10.

Wed, 1 Sep 2010 17:06:00 EST

Ford to keep N.A. production stable in Q3

Ford Motor Co. will hold fourth-quarter North American production at the same level as the third-quarter of this year and down slightly from the last quarter of 2009 because of the economy's modest recovery and lackluster consumer spending.

Wed, 1 Sep 2010 17:57:00 EST

August 2010: a real clunker on the new-car sales front

Any way you look at it, August U.S. auto sales disappointed. Compared with 'clunker August' a year ago, sales fell 21 percent. Compared with the month before, volume dropped 5 percent.

Wed, 1 Sep 2010 17:40:00 EST

Chrysler posts another gain, led by Jeep

Chrysler Group recorded its fifth consecutive month of year-over-year increases, as August sales rose 7 percent.

Wed, 1 Sep 2010 17:10:00 EST

GM posts gains for 3 of 4 brands, but Chevy down 22%

General Motors Co. posted strong August sales at three of its four remaining brands.

Wed, 1 Sep 2010 16:39:00 EST

Toyota sales plummet, but still lead retail race

Toyota Division sales may have fallen 34 percent in August -- and are now down 1 percent for the year to date -- but General Manager Bob Carter isn't panicking. Toyota was the No.

Wed, 1 Sep 2010 14:36:00 EST

Congressman who sponsored dealer exemption may be investigated over fundraising

Rep. John Campbell, a California Republican who is a former auto dealer, said the House's independent ethics arm has recommended that he be investigated for possible violations involving fundraising.

Wed, 1 Sep 2010 12:47:00 EST

Ford to offer Explorer police vehicle to retain lead

Ford Motor Co., which controls about three-quarters of the U.S. market for police cars, will begin selling a law-enforcement version of its redesigned Explorer sport-utility vehicle late next year.

Wed, 1 Sep 2010 10:54:00 EST

Mitsubishi's Ill. plant doesn't get vehicle to build, so UAW wages rise

Mitsubishi Motors North America said today that it will not meet a contractual deadline to allocate a new vehicle for its assembly plant in Normal, Ill.