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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Retailer Kohl’s said on Wednesday that it plans to hire 40,000 temporary workers during this year’s holiday season at stores, distribution centers and credit operations nationwide — 7,000 more than last year. The shopping sea…
General Electric unit GE Capital announced Tuesday that it had acquired the retail finance portfolios from Citigroup’s Retail Partner Cards. Financial terms of the deal were not disclosed, but GE Capital expects it will immedia…
Toyota may have repaired most of the cars it recalled for unintended acceleration problems, but it hasn’t repaired its stock price, and U.S. shareholders have filed a class-action lawsuit against the automaker for failing to d…
Penske Automotive Group (PAG), a chain of car dealerships, reached an agreement with Japan’s Nissan Motors (NSANY) to sell a Nissan-made small car in the U.S. market under the Smart brand name.
Penske hopes that adding the Nissan-made car, a four-doo…