General Motors said it will stick to its pledge to keep certain levels of vehicle production in the United States until it has fully repaid the U.S. taxpayer.
GM had proposed making 1.8 million vehicles in the United States this year, with output inc…
Profit tumbled 99% at BYD, a Chinese auto company that makes electric cars. Warren Buffett’s Berkshire Hathaway holds a 10% stake in the company.
Continue reading Buffett’s China Car Project Drives Into Trouble…
Despite pleas by two members of Congress, General Motors said it would proceed with plans to close hundreds of dealerships across the U.S.
Continue reading General Motors Says ‘No’ to Postponing Dealership Clos…
Riding high on improved demand for its vehicles, analysts expect Ford to post a record third-quarter profit of $1.37 billion tomorrow. The automaker’s current third-quarter earnings record is $1.13 billion, set in 1997.
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Autoworkers laid off from a General Motors plant in Orion Township, Mich., have until the end of the day Tuesday to decide whether to take jobs at the automaker’s Lordstown assembly plant, some 250 miles away in neighboring Ohi…