In a stunning move, Fritz Henderson announced he’s stepping down as CEO of General Motors.

New-vehicle sales figures being released Tuesday for November show that the auto industry’s recovery is gaining momentum, albeit slowly.

The market is scheduled to get the November monthly auto sales figures Tuesday during the trading day, and the expectations are for a better month than October.

Tata Motors returned to profitability in the second quarter of its fiscal year ended Sept. 30, 2009, helped by aggressive cost reduction measures and recovery of sales of its Jaguar and Land Rover brands in the U.K. The company posted a net income of Rs.217.8 million ($4.7 million), in sharp contrast to a loss of Rs.9.4 billion ($201.7 million) during the second quarter of last year.

Audi today released the final social media video installment documenting behind-the-scenes considerations that shaped its entries in this year’s Los Angeles Design Challenge, a competition associated with the upcoming L.A. Auto Show involving Southern California automotive studios.

Nissan President and CEO Carlos Ghosn was supremely confident and optimistic about the chances of his company's first electric vehicle – and plug-ins in general – in the U.S. market.

Top-level executives at General Motors and Chrysler have enjoyed cushy paychecks for the better part of six decades.

First launched in 1948, the iconic Land Rover Defender will be replaced in 2013.