Ford Motor Co. reported a net profit of $2.3 billion in the second quarter, thanks to a one-time special gain. However, the automaker continues to lose money in its operations. Ford said Thursday its net profit was the result of a $2.8-bil...

General Motors may stop building cars at a factory it owns with Toyota in California, known as NUMMI, following  the Detroit-based carmaker's bankruptcy filing Monday, Bloomberg News reports. The only GM product the plant builds i...

NEW YORK - A judge in the same New York City bankruptcy court where General Motors will file for Chapter 11 Monday has approved the sale of Chrysler assets to a group led by Italy's Fiat. Judge Arthur Gonzalez approved the asset transfer sa...

The Obama administration's "Kennedy moment" of announcing high-minded new Corporate Average Fuel Economy (CAFE) standards of 39 miles per gallon for passenger cars and 30...

DETROIT - While General Motors filed bankruptcy on Monday, so too did its Saturn Corp., in a move that seems to set up Saturn for a buyer and, perhaps, to first cull its dealership network.

At last fall's Frankfurt auto show and at the Miami auto show shortly after, Saab's flagship 9- 5, completely redesigned and ready for launch in 2010, made its debut. Saab executives billed the launch of the 9-5 as the kick-off of a new era for...

General Motors announced Friday its planned sale of Saab has failed, and the Saab brand will be eliminated, resulting in the loss of 3,400 jobs and 1,100 dealers globally. After Swedish sports car maker Koenigsegg Group AB last month withdrew...

Not surprisingly, this week's favorite post by AutoObserver readers was our coverage of General Motors Chairman and Interim CEO Ed Whitacre's outline for the automaker's short-term game plan. The former AT&T CEO held his first media roundtable...

Vehicle sales are trending higher as 2009, one of the most tumultuous years for the industry, draws to a close. New vehicle sales, including retail as well as fleet sales, are expected to total 1,010,000 units, a 13.3-percent increase from December...

Chevrolet's "Like A Rock" trucks and SUVS may be gathering a little moss in the coming years as General Motors Co.'s most important division shifts gears to concentrate on cars and crossovers, said new Chevrolet general manager Jim Campbell at a media...