Auto Industry

Warren Buffett Praises General Motors' New CEO

Warren Buffett says new General Motors CEO Mary Barra is doing a great job steering the company.


TrueCar Expects $1 Billion IPO

TrueCar, a provider of localized information on new car costs, looks to raise about $109 million from its IPO, when excluding the underwriters' option.


Chrysler Tops Detroit Motor Vehicle Sales in January

Major U.S. automobile manufacturers released their January domestic sales data on Monday, with GM and Ford reporting poor results but Chrysler announcing a great month.


Ford Sales Slow, Chrysler Accelerates

Fiat Chrysler Automobiles' sales increased 8 percent in January from a year earlier despite a deep freeze and multiple snowstorms, but Ford blamed the weather for a 7 percent drop in its sales for the month.


GM Sales Fall 12 Percent in January

General Motors says its U.S. sales fell 12 percent last month as harsh weather kept customers out of its dealerships in several regions.


Detroit Big 3 Score With Super Bowl Ads

With its three Super Bowl commercials, Fiat Chrysler Automobiles logged a performance that will be talked about as inspirational and hotly debated.


Ford Adds Jobs in Kentucky

Ford is adding 350 jobs at the Kentucky Truck Plant in Louisville because it can't make enough F-Series Super Duty pickup trucks to keep up with demand.


Ford Pledges to Help Long-term Unemployed

Ford has joined a long list of companies signing an Obama administration pledge to remove barriers that may keep unemployed job seekers from applying or being hired.


Honda Gets Profit Boost on Weak Yen

Honda's quarterly profit doubled from a year earlier as sales got a big perk from a weak yen.


Profit Sharing, Performance Bonuses at Chrysler

Fiat and Chrysler CEO Sergio Marchionne announced that all salaried and hourly workers in the U.S. will be getting a performance award or profit-sharing checks based on the company's performance in 2013.


Ford to Pay Record $8,800 in Profit Sharing

Ford reported $3 billion in net income for the fourth quarter and will pay a record $8,800 in profit sharing to its 47,000 UAW workers.


Fiat-Chrysler Will Be HQ'd in Netherlands

Fiat Chrysler Automobiles said Wednesday its new corporate headquarters will be in the Netherlands, though bets had been on the U.S. or Italy.


Fiat Chrysler Automobiles Is Automaker's New Name

Chrysler and Fiat will go forward together as Fiat Chrysler Automobiles NV, but hasn't yet announced whether its headquarters will be in the U.S. or Italy.


Barra Will Attend State of the Union as Michelle Obama's Guest

New General Motors CEO Mary Barra plans to attend the State of the Union address as a guest of first lady Michelle Obama, a month after the company shed its government ownership and two weeks after becoming the first female CEO of a major automaker.


Ford Beats Forecasts, Revenue Rises

Ford Motor enjoyed one of the best years in its history in 2013, but has already warned that profits will be down in 2014 as it launches a record number of vehicles and builds seven plants around the world.


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