General Motors is giving some 600,000 employees, retirees and dealers the chance to purchase stock in the resurgent company as the auto giant moves forward with its initial public offering, slated for next month.
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Honda unveiled its new hybrid Fit subcompact in Tokyo Friday. At a starting price of around $19,160, it is cheaper than any other hybrid vehicle in Japan — including Toyota’s popular Prius.
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GM is recalling nearly 4,000 2010 Cadillac SRX crossovers to repair power steering lines that may get damaged and leak fluid, the automaker said Thursday. The problem has resulted in at least one fire, but GM said there have b…
GM is expected to announce the production of a new compact car for Buick — the Verano. The upscale sedan will be assembled in a former Pontiac plant in Orion Township, Mich., helping to restore 1,200 jobs at the facility.
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In a bid to revamp Lincoln’s long-lost luxury image, Ford Motor will seek to reduce by about a third the number of dealers who sell Lincoln vehicles in the nation’s top 130 metropolitan markets.
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