Automaker

WASHINGTON (Reuters) - General Motors should focus on making money and repaying U.S. Treasury loans before turning to public markets to sell the taxpayer's stake in the automaker, a senior government official said.

Volkswagen has openly stated that Toyota is its biggest competitor but now it seems that the tables have turned. According to latest reports, the Volkswagen Group, which now includes Porsche , has overtaken Toyota to become the world's biggest automaker, with production estimated to be…

BOSTON (Reuters) - Billionaire investor George Soros' hedge fund reported holdings of $6.2 billion during the third quarter, an increase of $2 billion, after taking a stake in automaker Ford and boosting his holdings in communications services stocks.

Tata Motors is producing only about 100 of its $2,200 Nano cars a day but hopes to ramp up to 1,000 a day next year. Analysts expect it to put millions of new Indian drivers on the road. The tiny Nano cars…

There’s a lot of analysis that needs doing re: GM’s first post-C11 financial statement. For……money to repay taxpayer money at a relatively paltry rate. How much cash does the nationalized automaker have, how much is it burning and when [...]

Toyota Motor Corp's global vehicle sales rose 5 percent in October to about 640,000 units, marking the first year-on-year increase in 15 months, the world's biggest automaker said on Wednesday. Last month, Toyota's sales in its biggest market, the United States, fell 3.5 percent, but grew 15…

SEGUIN, Texas (Reuters) - General Motors Co Chairman Ed Whitacre on Tuesday urged the Obama administration to give the automaker less restrictive pay caps and said it was too early to discuss the timing for the automaker to become a public company again.

The chief executive of General Motors Co. met with leaders of its Opel unit on Monday to discuss the European subsidiary's automaker's future, a week after GM abruptly decided to keep it instead of selling a majority stake.

General Motors has offered union workers at the automaker's soon-to-be idled Spring Hill assembly plant 840 jobs at Lansing Delta Township, Mich., where GM is relocating production of the Chevrolet Traverse.

GM’s government-appointed Chairman of the Board was out and about last night, speechifying at Texas Lutheran University. Ed Whitacre used the occasion to plea for the “modification” of Pay Czar Kenneth’s Feinberg’s pay caps. To recap the caps, the nationalized automaker’s top 25…

A few weeks ago, GM-Volt.com ran a piece on the catatonic state of Chrysler’s electric car or……also still holding onto the theory that hybrids won’t catch on either. They are the only major automaker not currently offering such technology in their vehicle lineup. Chrysler hope is…

Edmunds, that site that’s so not going to be sleeping in Lincoln’s bed, has revealed their estimates for October sales incentives. Not surprisingly, the automaker that’s been hogging Honest Abe’s pallet and has been missing saying “we’re number one” (globally) can claim this number…

Workers at Opel factories in Germany plan to go on strike Thursday over General Motors' decision to abandon the sale of the automaker.

Transparency. It’s what GM CEO Fritz Henderson promised taxpayers in sworn testimony in front of Congress, post $52 billion bailout (and the rest). As TTAC pointed out previously, bullshit. After not releasing the dead dealer list promised to Senator Jay Rockefeller, the nationalized automaker…

When GM CEO Fritz Henderson promised Congress he would run the nationalized automaker with complete transparency, we knew he was full of shit. How could anyone expect New GM to do anything but lie, misdirect, prevaricate and obfuscate when the same Bozos that ran it into the ground were still…