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GM stock closes higher near IPO price after April sales report

Market Close Update: Even before the April sales report, General Motors (NYSE: GM) stock gapped higher on the open. While the stock intraday found support at 32.82, it managed to trade even higher, closing near its original IPO offering price of $33.
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By: Frank Sherosky

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Spyker sells part of Saab to Chinese Hawtai Motors

Saab resumed production at their Trollhattan facility yesterday after an April plagued with downtime due to the inability to pay suppliers and today, Spyker announced that Chinese automaker Hawtai Motor Group had invested 150 million Euros (roughly $222 million USD) – allowing Saab to pay its suppliers and send workers back into the production facilities.
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By: Patrick Rall

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BMW X3 is all new for 2011

In 2004 BMW introduced a small, premium Sports Activity Vehicle with all-road capability and typical BMW driving dynamics. That first generation BMW X3 was a big hit and became a best seller in the BMW lineup with 150,000 sold in the USA. The 2011, second generation BMW X3 builds on the success of the original by combining new technologies that improve agility, efficiency and comfort.
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By: Dave Van Sickle

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Ford Escape, Mercury Mariner under investigation for backglass risks

The National Highway Traffic Safety Administration (NHTSA) has launched an investigation of select Ford Escape and Mercury Mariner compact SUVs after receiving reports of the rear liftgate glass shattering suddenly and for seemingly no reason.
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By: Patrick Rall

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Ford alters production at Windsor plant due to tire shortages

Ford has announced production schedule changes at their Windsor engine facility but unlike most other recent production stoppages, this one doesn’t have anything to do with the Japanese earthquake on March 11th and instead – the Canadian engine plant downtime is due to Ford’s inability to get enough tires to build vehicles with the engines built in Windsor.
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By: Patrick Rall

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Make May 8 a Mopar Mother's Day

Is your mom an auto-loving, muscle car or minivan driver who spends so much time on the road any little thing to improve her travels would make a treasured keepsake? If so Mopar has gift ideas just for her this Mother's Day, May 8.
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By: Don Bain

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Chevy Malibu to be built in Korea and sold as a Chevrolet

It may seem odd, but the first 2013 Chevrolet Malibu will be built in Bupyeong, Korea. It's leading an international roll-out of the mid-size sedan that will see it built in GM's Korean facility beginning this fall, followed by Jingjiao, China, in late 2011, and Fairfax, Kansas, and Detroit-Hamtramck, Michigan, early next year.
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By: John Matras

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