General Motors Co. posted a lackluster first quarter, showing some improved profitability but weakness overseas and continued losses to rival Ford Motor Co. in North America, its strongest market. GM earned $1 billion in the first three months, down 69 percent from the $3.2 billion profit a year ago that benefited from one-time gains. Revenue … Read More »

DETROIT — General Motors posted its ninth consecutive profitable quarter on Thursday. But almost three years after its taxpayer bailout and bankruptcy, the nation’s biggest automaker still can’t shed the stigma of being “Government Motors.” Because the Treasury Department still owns a 26 percent stake in the company, G.M. remains saddled with pay restrictions that … Read More »

Consumers paid higher prices for new cars in April than a year earlier, but less than they paid in March. According to a survey from research and forecasting company TrueCar.com the average transaction price for light vehicles in the U.S. totaled $30,303 in April. The recent average is $1,219 or 4.2 percent higher than in … Read More »

CANTON – LoJack Corporation announced the kick-off of a new consumer promotion. Designed to showcase the effectiveness of the LoJack System in helping police to find and recover a stolen vehicle, the centerpiece of the promotion is vehicles equipped with a giant arrow on top and the message, “LoJack Finds Cars. Prove You Can Too … Read More »

DETROIT – Toyota made a big comeback last month after two years of struggles in the United States, helping the auto industry post its best April results in four years, new figures showed on Tuesday. Toyota’s sales in the American market increased 12 percent in April, and its market share climbed to 15 percent, the … Read More »

IRVINE – Despite three fewer selling days in April, industry sales were up 2.1 percent compared to sales last year, or 14.8 percent after accounting for the three fewer days, Kelley Blue Book reported today. With only a handful of manufacturers reporting so far, the vehicle information site said Chrysler and Toyota appear to be … Read More »