Transportation

General Motors says it will invest some $1 billion in Russia over the next five years as demand ramps up in one of the world’s fastest-growing auto markets.

Hertz said it will buy Dollar Thrifty for $2.3 billion, ending a two-year takeover war. 

The auto maker is recalling more than 44,000 Chevrolet Sonic vehicles from model year 201 to check for and correct faulty windshield washers.

The world's largest construction-equipment maker said about 800 workers at a plant in Joliet, Illinois, have ratified a six-year labor agreement, ending a nearly four-month strike.

After boosting production in Asia, Ford said its Focus outsold Toyota’s Corolla in the first half of this year. 

Low water has stranded 54 southbound vessels and 39 northbound vessels in the river.

The  German unit of GM is close to signing a deal with workers to cut their hours at two German plants employing a total of 16,500.

The European planemaker delayed the introduction of its newest passenger jet until the second half of 2014.

General Motors CEO Dan Akerson said Tuesday that the company is in 'constructive' talks with unions about its factories there.

Rebounding auto maker Chrysler scored a 30% jump in U.S. sales in May thanks to explosive growth at its namesake brand, but the results failed to meet forecasts from analysts.

General Motors will temporarily lay off 1,300 workers for five weeks at one of its Detroit plants.

A merging of the reservation platforms of United Airlines and the former Continental Airlines caused flight delays, faulty kiosks and jammed phone lines this weekend.

If you’ve got a few tons of stuff to ship a several thousand miles, today is your lucky day. That’s because shipping rates have just gone negative.

American Airlines’ bankrupt parent AMR will cut more than $2 billion in annual costs, with more than half coming from at least 13,000 job cuts. 

Carnival, the owner of the cruise ship that capsized off Italy's coast, estimated the impact to its 2012 earnings for loss of use alone to be around $90 million.

Delta Air Lines posted a higher quarterly profit as fare increases helped offset a 20% rise fuel prices.

Boeing revealed a stronger-than-expected 20% increase in fourth-quarter profits and announced its biggest-ever European deal, however its shares slipped on a weaker fiscal guidance.

Southwest Airlines widened its profit in the fourth quarter on stronger passenger revenues, however earnings still fell in fiscal 2011. 

Delta Air Lines and private-equity firm TPG Capital are reportedly both exploring separate bids to acquire bankrupt American Airlines parent AMR Corp.

AMR's CEO said the company will reduce its management and support staff to "redesign American's management structure."