General Motors has repurchased $2.1 billion in preferred stock from the federal government, further reducing the amount the automaker owes taxpayers following last year’s bailout. The latest transaction cuts the government’s st…
Volkswagen and Chrysler are recalling about 745,000 cars in separate actions to fix problems related to passenger side air bags and possible fuel leaks, according to federal safety officials.
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Nissan and Mitsubishi plan to work together to bring some new vehicles to market. The Japanese automakers will establish a joint venture to produce a minicar for the home market by 2012, while Nissan will produce a small van fo…
Chrysler Group is recalling 76,122 Ram trucks from the 2010 and 2011 models years to repair a problem with brake pedals that return too slowly after being depressed.
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In a bid to reduce its numbers of skilled workers, General Motors is reportedly offering skilled-trades workers a $60,000 buyout to leave the automaker’s payroll by March.
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