One day after pulling out of a deal to sell a 55 percent stake in its division in Europe, U.S. automaker General Motors (GM) announced that 10,000 jobs will be cut from its European operations.

The General Motors Co. finalized an agreement to sell its Hummer truck brand to the Chinese manufacturer Sichuan Tengzhong Heavy Industrial Machinery Co. However, before it can close, Chinese regulators must first approve the $150 million deal.

Startup car company Tesla has announced their newest strategy in brewing up business. The company has announced that like Best Buy's Geek Squad, their mechanics will be available to come to your home.

GM will discontinue its Saturn brand after deal with Penske fell through. Penske's board of directors rejected an initial agreement with GM that was reached in June.

The Indian subsidiary of U.S. automaker General Motors has entered into a partnership with Bangalore-based Reva Electric Car Company to develop and produce electric cars for the Indian market.

It has been announced that General Motors have joined forces with Chinese car maker FAW, a company owned by the state. The joint venture is worth £180 million or $293m and the companies will be making vans and light trucks.

General Motors reveals new details about its electric hybrid Chevy Volt. The perils of bargain-bin consumerism. Canadian police harden their stance against an erectile dysfunction crime syndicate. These are the top stories around the world.

General Motors said yesterday its Chevrolet Volt electric car could get 230 mpg in city driving, which would make it the first American vehicle to achieve triple-digit fuel economy.

eBay and GM have created a new website where car buyers can haggle with dealers over the purchase of a new vehicle. The promotion runs until Sept 8.

Premier McGuinty announced today that the Ontario government would offer a $10,000 rebate to consumers who decide to invest in electric cars or plug-in hybrids.

General Motors, once the pride and glory of the automaking industry, finds itself indisputebly in danger. GM maybe out of bankruptcy, but the question is raised by investors, and customers for that matter "can we trust American quality again?"

After 40 days under a Chapter 11 Bankruptcy Protection order, a new version of General Motors (GM) will emerge today, unburdened by billions of dollars of debt, with a new structure in place and new owners.

One industry that has suffered badly at the hands of the latest global recession has been the auto industry. As consumers turned their minds to more pressing financial concerns and credit dried up, sales in every sector of the industry declined sharply.

A plan to sell assets of General Motors Corp. was approved late Sunday by a federal judge. The sale is an important step for the auto giant and could stave off liquidation.

Despite billions in bailouts and an unprecedented pre-packaged bankruptcy, General Motors may be forced to liquidate if an asset sale isn't approved.

Tuesday the Department of Energy released more than $8 billion in auto loans aimed at developing "greener" auto technologies. Tesla Motors, a small electric vehicle manufacturer, received $465 million.

Saab Automobile was purchased by a consortium led by Koenigsegg Automotive AB, a company which produces only a dozen custom-made super cars a year.

General Motors is dumping Hummer as part of its efforts to restructure into a leaner, greener company after declaring bankruptcy earlier this week.

Today I mourn the passing of an icon of Americana, as I read about GM's bankruptcy filing and the subsequent government ownership of this automotive titan. Where cars are concerned, I have always been a GM man. Sadly, those days are gone for me.

The largest U.S automaker, General Motors filed for chapter 11 bankruptcy early Monday. GM's bankruptcy is the third-largest in U.S. history and the largest-ever U.S. manufacturing bankruptcy.