Hong Kong tycoon likely winner of U.S. loan to Fisker Auto-sources
DETROIT (Reuters) - An investor group led by Hong Kong tycoon Richard Li is the likely winner of a government loan owed by Fisker Automotive, the now-dormant maker of plug-in...
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Ford targets one-third increase in capacity within five years
WAYNE, Michigan (Reuters) - Ford Motor Co mapped out a plan to build one-third more vehicles globally by adding more plants in emerging markets, overhauling its production methods and running...
Tesla shares drop 6 percent after report of Model S fire
DETROIT (Reuters) - Tesla Motors Co shares fell 6 percent on Wednesday after an automotive blog published images of a Model S electric sedan in flames after an accident on...
Ford up, GM down in subdued month for U.S. auto sales
DETROIT (Reuters) - U.S. consumer demand for new vehicles cooled slightly in September, as expected, as Ford Motor Co topped analysts' expectations, but General Motors Co fell short. The annual...
Detroit eyes freezing pensions, probes city’s dysfunction
DETROIT (Reuters) - Detroit's emergency manager proposed freezing pension benefits for some current city workers starting in 2014 and will launch a two-month probe into the city's dysfunctional and error-prone...
UAW trust taps Deutsche Bank to advise on Chrysler exit: sources
NEW YORK/DETROIT (Reuters) - Chrysler Group LLC's second-largest shareholder, a union healthcare trust fund, has tapped Deutsche Bank for advice on how to exit its 41.5 percent stake in No....
Wall Street veteran leads UAW trust in fight with Fiat over Chrysler
DETROIT (Reuters) - Sergio Marchionne, the chief executive of automakers Fiat and Chrysler, is well-known as a tough and shrewd negotiator. But he may have met his match in Alain...
U.S. sells $50 million green-tech loan at sharp discount
DETROIT (Reuters) - The U.S. Department of Energy recovered only about one-sixth of its $50 million green-technology loan to Vehicle Production Group LLC, a maker of wheelchair-accessible vans now under...
Plan to expand U.S. auto loan program faces bumpy road
WASHINGTON/DETROIT (Reuters) - Democratic proposals to widen the scope of the Department of Energy's loan program for advanced cars could falter in the face of Republican opposition in Congress. Last...
Analysis: Ford could close U.S. pension funding gap by end of 2014
DETROIT (Reuters) - Thanks to rising interest rates and an injection of cash, Ford Motor Co could be in a position that would have been unthinkable only a few years...