Transportation

(Reuters) - Daimler Trucks North America, a unit of German auto giant Daimler AG , said it will hire over 1,230 employees as it plans to increase production to accommodate rising customer demand for its Freightliner and Western Star trucks.

China faces a "meaningful probability" of a hard economic landing and the euro zone is storing up problems for the future by not tackling the debt crisis head on, said Nouriel Roubini, the economist who predicted the global financial crisis.

DETROIT (Reuters) - General Motors Co on Friday reported a weaker-than-expected gain in June U.S. sales, and said it now expects the industry to finish the year at the lower end of the company's full-year sales forecast.

By Moira Herbst

The Treasury Department said Chrysler has paid off most of its bailout money and the government no longer has a stake in the car maker.

Bangalore (Reuters) - Auto parts maker TRW Automotive Holdings Corp said it received a subpoena from the U.S. Department of Justice regarding an antitrust investigation.

By Moira Herbst

By Bernie Woodall

AUBURN HILLS, Michigan (Reuters) - Chrysler Group LLC and the United Auto Workers union expect to reach a deal on a new labor contract without resorting to arbitration, officials for the company and union said on Monday.

DETROIT (Reuters) - General Motors Co is recalling 16,198 Chevrolet Impala and Buick LaCrosse cars in the United States and Canada to address sensor and power steering problems, the automaker said on Friday.

By Bernie Woodall

Sticking to its plan, Ford said it will add 7,000 jobs in the U.S. over the next two years and said it believes the economy will expand, not suffer a double-dip recession.

By Bernie Woodall and Soyoung Kim

DETROIT (Reuters) - The United Auto Workers union and Ford Motor Co will begin "high-level financial discussions" on Monday in an effort to reach a new labor deal that workers expect to be richer than one with General Motors Co .

DETROIT (Reuters) - The Republican chairman of a congressional oversight panel has asked Ford Motor Co to explain why it pulled a TV commercial critical of the Obama administration's auto bailout.

DETROIT (Reuters) - The United Auto Workers union looks set to announce approval of its labor contract with General Motors Co on Wednesday as more than half the local bargaining units have voted in favor of the four-year deal.

By Bernie Woodall and Deepa Seetharaman

By Bernie Woodall and Deepa Seetharaman

DETROIT (Reuters) - Major automakers posted double-digit U.S. sales gains for August from year-earlier levels, a steady result for a month that began with a plunge on Wall Street and ended with a hurricane shutting down the East Coast.

With a tentative agreement with GM in the bag, the United Auto Workers union is now focusing on talks with Chrysler.