General Motors Co. said it has delayed the launch of its Chevrolet Cruze small car about three months until the third quarter of 2010 to ensure a flawless launch.
Washington -- General Motors Co. president and CEO Fritz Henderson said Wednesday the Treasury Department's decision to cut his salary 25 percent, and those of other GM executives, was "tough" but "fair."
Tokyo -- Mazda and Mitsubishi Motors -- Japan's No. 4 and No. 5 automakers -- reported half-year net losses Thursday, battered by plunging sales and the strong yen.
Washington -- China has told the United States that it will take steps that could lead to higher tariffs on imports of autos made by General Motors Co., Ford Motor Co. and Chrysler Group LLC.
Though creditors are losing billions, a federal bankruptcy judge Wednesday allowed the old GM's estate to pay an investment banker and financial adviser more than $16 million -- including a $13 million fee for its role in helping GM prepare for and emerge from bankruptcy.
Washington -- Two influential senators introduced a bill Wednesday to prod states to crack down on distracted driving as aides predicted Congress would approve a new law by year's end.