Ford Motor Co. will invest up to $500 million and create more than a thousand new jobs in Michigan to support its electric vehicle programs if state lawmakers expand an existing incentive program and approve $85 million in tax credits, the company said Tuesday.
General Motors Co. has narrowed its search for a new chief financial officer to "a real good candidate," and might repay $6.7 billion in federal aid in a lump-sum, Chairman and CEO Ed Whitacre Jr. said Tuesday.
Washington -- House and Senate leaders finalized language Tuesday that gives more than 2,000 General Motors and Chrysler dealers a process to fight their closings.
Detroit -- Significant energy policy changes, including higher gasoline taxes, and advances in powertrain technology are needed to get consumers to buy smaller and more efficient vehicles, which automakers need to meet government regulations, analysts with CSM Worldwide said Tuesday.
Tokyo -- Volkswagen AG will buy a 20 percent stake in Suzuki Motor Corp. for 222.5 billion yen ($2.5 billion), forming one of the world's biggest auto alliances and giving the two carmakers a boost in fast-growing Asian markets.
Princeton, Ind. -- A Canadian company that makes headrests for Toyota plans to start manufacturing operations near the automaker's southwestern Indiana factory.
The Obama administration will tell Congress Wednesday that it expects to lose about $30 billion of the $82 billion government bailout of the auto industry, two administration officials said today.
General Motors Co. will build the 2012 Chevrolet Malibu at its Detroit-Hamtramck plant, The Detroit News has learned, adding to news announced Monday that the company plans to spend $336 million upgrading the factory to also produce the Chevrolet Volt.
