Edward Whitacre Jr. seized the reins at General Motors Co. three days into his tenure as CEO and reshuffled the automaker's management team, giving more responsibility to younger executives and women and emphasizing accountability as a core GM value.
Ford Motor Co. will issue up to $1 billion in new stock, according to documents filed by the company with the U.S. Securities and Exchange Commission after the markets closed on Friday.
Federal safety officials have opened a probe into two models of Toyota Motor Corp. vehicles after drivers reported that their cars stalled in traffic, sometimes at highway speeds.
General Motors Co. is considering granting workers at the Adam Opel GmbH division a stake in the unit as the biggest U.S. automaker seeks to secure a deal on labor concessions in Europe.
Tokyo -- General Motors Co. and Suzuki Motor Corp. have agreed to end their joint venture in Canada, leaving GM without a Japanese automaking partner after also severing manufacturing links with Toyota.
General Motors Co. and Chrysler Group LLC are offering to spare some of the more than 2,000 dealerships slated for closure in the automakers' drastic cost-cutting plans.
Ed Whitacre's charm offensive is under way -- to the extent that's possible for a tough Texas telecom retiree whose middle name, as the lore has it, may as well be "accountability."
Washington -- President Barack Obama announced tonight that henominated David L. Strickland, a senior Senate aide, as the nation's top auto regulator -- a post that has a critical impact on vehicle safety regulations.
Tokyo -- The big danger for Toyota isn't the cost of the massive U.S. recall to replace gas pedals, but instead shrinking income from the surging yen, a top executive said today.
