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Toyota Retakes Title of World’s Top-Selling Automaker from GM

Toyota Retakes Title of World’s Top-Selling Automaker from GM

TED ALJIBE/AFP/Getty Images(TOKYO) — Toyota is once again the leading automaker in the world.The Japanese company announced on Monday that it sold 9.748 million cars last year, beating General Motors for the top spot.  In comparison, GM sold 9.29…

US Auto Sales Reach Five-Year High

US Auto Sales Reach Five-Year High

KAREN BLEIER/AFP/Getty Images(NEW YORK) — U.S. auto manufacturers, as it turns out, did quite well in 2012.  Sales climbed 13.4 percent to 14.5 million cars and light trucks sold — a five-year high.It was a big year for Chrysler — the company i…

WATCH: Inside General Motors’ Top Secret Extreme Vehicle Tests

WATCH: Inside General Motors’ Top Secret Extreme Vehicle Tests

ABC News(NEW YORK) — General Motors is putting its vehicles through a series of extreme tests in a bid to make sure the cars — and the company — last.The grueling tests come after bankruptcy and a government bailout left American taxpayers with owne…

Auto Sales Hit Highest Level Since Early 2008

Auto Sales Hit Highest Level Since Early 2008

iStockphoto/Thinkstock(NEW YORK) — Car and truck sales in the U.S. have hit their highest level since February of 2008, according to Autodata. Of the Detroit three, Chrysler had strong sales, showing a 12-percent increase compared to a year ago. …

Paul Ryan’s Disputed GM Claim Pops Up in Iowa Ad

Paul Ryan’s Disputed GM Claim Pops Up in Iowa Ad

Alex Wong/Getty Images(PORTLAND, Ore.) — A conservative superPAC is taking part of Paul Ryan’s convention speech that brought him under fire for inaccurately blaming President Obama for a GM plant’s closing and using his words in a new ad …

Ford, GM, Chrysler Report Strong August Sales

Ford, GM, Chrysler Report Strong August Sales

KAREN BLEIER/AFP/Getty Images(WASHINGTON) — Consumers may still be exercising caution when it comes to spending money on some things, but last month’s auto sales showed that new cars isn’t one of them.August was a hot month for the auto in…

Paul Ryan Links Obama Policies to GM Plant Closed Under Bush

Paul Ryan Links Obama Policies to GM Plant Closed Under Bush

Chip Somodevilla/Getty Images(TAMPA, Fla.) — In his speech Wednesday evening, Rep. Paul Ryan referenced a Janesville, Wis., GM plant that was shut down, linking its closure to President Obama, who gave a speech there in 2008.  But it turns out th…

Paul Ryan Links Obama Policies to GM Plant Closed Under Bush

Paul Ryan Links Obama Policies to GM Plant Closed Under Bush

Chip Somodevilla/Getty Images(TAMPA, Fla.) — In his speech Wednesday evening, Rep. Paul Ryan referenced a Janesville, Wis., GM plant that was shut down, linking its closure to President Obama, who gave a speech there in 2008.  But it turns out th…

Paul Ryan Links Obama Policies to GM Plant Closed Under Bush

Paul Ryan Links Obama Policies to GM Plant Closed Under Bush

Chip Somodevilla/Getty Images(TAMPA, Fla.) — In his speech Wednesday evening, Rep. Paul Ryan referenced a Janesville, Wis., GM plant that was shut down, linking its closure to President Obama, who gave a speech there in 2008.  But it turns out th…

GM, Ford Sales Slip in July; Chrysler, Others Report Strong Month

GM, Ford Sales Slip in July; Chrysler, Others Report Strong Month

iStockphoto/Thinkstock(NEW YORK) — Any worries Americans have about the economy fail to dissuade them from buying cars.  Chrysler had a banner July, with sales up 13 percent. Volkswagen posted a 27 percent jump. Toyota saw a 26-percent rise. And …

Obama Challenges China at WTO over Auto Tariffs

Obama Challenges China at WTO over Auto Tariffs

Chip Somodevilla/Getty Images(MAUMEE, Ohio) — As he embarked on a campaign swing across northern Ohio, President Obama announced new action against China in the World Trade Organization, challenging duties imposed last year on U.S. auto exports.&ldquo…

GM Recalls 400,000+ Chevy Cruzes for Fire Risk

GM Recalls 400,000+ Chevy Cruzes for Fire Risk

General Motors (Model may differ from recall)(DETROIT) — General Motors is recalling 413,418 Chevy Cruzes to fix a problem the company says could cause a fire in the vehicle’s engine.The recall covers all Chevy Cruzes model years 2011 and 2012 b…

GM Pulls Ads Off Facebook

GM Pulls Ads Off Facebook

Bill Pugliano/Getty Images(NEW YORK) — Just about everyone is excited about Facebook’s initial public offering scheduled for Friday that could value the social networking site at a whopping $105 billion.Somehow, that doesn’t impress the folks at Gener…

Obama Calls Romney’s Auto Bailout Claim an ‘Etch-a-Sketch Moment’

Obama Calls Romney’s Auto Bailout Claim an ‘Etch-a-Sketch Moment’

Richard Ellis/Getty Images(WASHINGTON) — President Obama on Wednesday roundly dismissed GOP rival Mitt Romney’s claim to credit for the resurgence of the U.S. auto industry as “one of his Etch-A-Sketch moments,” in an exclusive inter…

Strong Sales for Detroit’s Big Three Automakers

Strong Sales for Detroit’s Big Three Automakers

Hemera/Thinkstock(NEW YORK) — Detroit’s big three carmakers had a strong month of sales in March.The big story is small cars:  High gas prices may be helping boost overall sales with more consumers trading in their old gas guzzlers for more fuel …

Organic Milk — Are You Getting What You Pay For?

Organic Milk — Are You Getting What You Pay For?

Creatas/Thinkstock (WASHINGTON) — The USDA’s inspector general has released a new report raising questions about whether paying $7 per gallon for organic milk is buying you a drink that’s completely free of the chemicals and genetically mo…

Romney ‘Delighted’ GM is Profitable; Picks Up Mich. Endorsement

Romney ‘Delighted’ GM is Profitable; Picks Up Mich. Endorsement

J.D. Pooley/Getty Images(FARMINGTON HILLS, Mich.) — Hours after General Motors announced that it earned its highest profit in its storied history last year, Mitt Romney said he is “delighted” at its success, taking credit for the managed b…

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