Author: Automotive News Breaking News Feed

General Motors’ plan to close up to five assembly plants in North America and slash its workforce will only partially close the gap between capacity and demand for the automaker’s sedans.

The General Motors-owned Courtyard by Marriott hotel across from its Renaissance Center headquarters in downtown Detroit is for sale.

General Motors plans to end one of its two truck assembly shifts in summer 2019, followed by the end of the other truck shift and its car assembly line at year’s end.

Michigan’s economic development board approved a 30-year tax abatement for Ford’s planned campus in Detroit’s historic Corktown neighborhood.

President Donald Trump can fret over General Motors’ plan to close plants, slash jobs and ditch models. He can even threaten. But market forces are tough to beat, even if you’re president.

Samsung is planning to open a $62.7 million automotive battery plant near Detroit that would create 461 jobs by the end of 2024.

Experts cast doubt on the idea that President Donald Trump could unwind federal aid for the company by executive fiat.

Carlos Ghosn consulted Nissan about the collateral related to personal trading losses, but did not transfer the losses to the automaker, his lawyer said.

Nissan and its auditor discussed the transactions at the heart of allegations of financial misconduct by former chairman Carlos Ghosn, Reuters reported.

Fiat Chrysler will earn 6 billion euros ($6.8 billion) next year from selling supplier Magneti Marelli and plans to use part of that paying shareholders their first dividend. Shouldn’t FCA use that money for new products and technologies?