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General Motors Co secured an $11 billion revolving credit facility, more than doubling its financial cushion and further strengthening the balance sheet of the largest U.

Electric car maker Tesla Motors Inc said on Monday it was on track to reach an annual production rate of 20,000 for its Model S sedan in December, sending its shares up nearly 8 percent.

Tesla Motors Inc reported a bigger quarterly loss on Monday as it ramped up production of its Model S sedan, and the electric carmaker maintained its 2012 revenue outlook.

Delta Air Lines said on Friday that a key revenue measure improved in October, helped by corporate travel and cancellations in the wake of superstorm Sandy.

Chrysler Group LLC said Thursday that October car sales were the best in five years.

Volkswagen's Audi luxury division increased sales by 13.

Around 12,600 white-collar retirees of General Motors Co have agreed to accept lump-sum payments in lieu of monthly pension checks from the largest U.

General Motors Co is targeting $500 million in fixed-cost savings between 2013 and 2015, and it plans to make further job cuts in Europe as it seeks to break even in the region by mid-decade, the automaker said on Wednesday.

General Motors Co is targeting $500 million in fixed-cost savings between 2013 and 2015 and plans to make further job cuts in Europe as it seeks to break-even in the region by mid-decade, GM said on Wednesday.

General Motors Co expects industry auto sales in Europe to fall 4 percent to 5 percent in 2013 from 2012, when sales were the weakest in nearly two decades.

After Hurricane Sandy devastated the East Coast, companies scrambled on Tuesday to assess the damage and figure out how to staff up as soon as possible.

Hurricane Sandy may have devastated the East Coast on Monday, but the water-logged wheels of commerce keep turning, storm damage or not.

Ford Motor Co on Tuesday reported a better-than-expected profit for the third quarter on the strength of higher vehicle prices and lower costs in North America.

Ford Motor Co on Tuesday posted a third-quarter profit that trounced expectations due to higher vehicle prices worldwide and record-high profit margins of 12 percent in North America.

Volkswagen's luxury division Audi said on Monday it continues to aim to match last year's operating profit of 5.

Loss-making General Motors unit Opel has not reached an agreement with its German workforce over a restructuring plan, including the planned closure of its Bochum plant, by the Friday deadline imposed by trade union IG Metall.

Ford Motor Co expects to lose a combined $3 billion in Europe in 2012 and 2013, executives said during a conference call on Thursday, adding that European car sales may only rise to 15 million annually by mid-decade.

Hyundai Motor Co increased its quarterly net profit by 13 percent to $2 billion, squeezing overseas capacity to keep sales going despite damaging labor strikes at home.

The French government-backed rescue plan for PSA Peugeot Citroen's struggling lending arm will comply with European Union rules, Chief Financial Officer Jean-Baptiste de Chatillon said on Wednesday.

Germany plans to quickly purchase a stake in EADS to preserve its influence over the aerospace group, fearing that Daimler could unload shares it holds in the company on the open market, a document obtained by Reuters showed.