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GM's profit falls on recall costs, victims' compensation fund

DETROIT - General Motors Co reported a much lower second-quarter profit on Thursday due to numerous recalls and the expected cost of at least $400 million for a compensation fund for those killed or injured by a defective ignition switch linked to at least 13 deaths. | Video

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Opel Vauxhall says developing new version of Ampera electric car

FRANKFURT - General Motors unit Opel said it is working on a successor model to its Ampera, a battery-powered electric car which hit European showrooms in 2011.

23 Jul 2014

Japan readies fuel cell subsidies in bet on Toyota’s next big thing

TOKYO - Japan is readying subsidies to help Toyota Motor Corp and key suppliers take the lead in hydrogen-powered fuel cell vehicles that could top $400 million over the next several years if the most bullish projections for the technology play out.

23 Jul 2014

Fiat CEO says tie-up with Volkswagen was never on agenda

TURIN Italy - Fiat Chrysler CEO Sergio Marchionne on Wednesday quashed speculation of a possible tie-up with Germany's Volkswagen , saying the idea had never been on the agenda.

Deals, Germany 23 Jul 2014

Chrysler recalls older Jeep SUVs for ignition switch issues

DETROIT - Chrysler Group LLC said on Tuesday it is recalling 792,300 older-model Jeep SUVs for ignition switch problems, the second recall of its kind for the No. 3 U.S. automaker this year.

22 Jul 2014