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Toyota, Honda soar in May comeback; Chrysler extends gains

Chrysler Group posted a 30 percent increase in sales last month and General Motors and Ford rebounded from April declines as the U.S. auto industry showed signs of a sharp recovery from weak results a year ago. Toyota Motor Corp.

Toyota FT-1 sports car: How it happened

Editor's note: The inner sanctum of an automaker's design studio is as classified as a top-secret government spy shop. Even many top executives aren't allowed inside, much less civilians or the media. But after months of negotiations, Toyota Motor Corp.

Saab bidding closed, buyer announced soon

We should know the buyer of Saab soon The Swedish press have been told that the bidding on Saab has now closed and that the successful buyer will be announced shortly. It’s amazing how much interest – and speculation - there is around the demised Saab; so much so we’ve probably reported as much on Saab after its demise as we did when it was in the throes of turmoil. Saab’s administrator, Hans Bergqvist, has revealed that the bidding process is now closed and that he will be talking to Saab stakeholders to discuss the bids and confirm which of the number of bidders is successful.