General Motors Co. is setting up a $6 billion line of credit to shore up liquidity, a move indicating the carmaker is preparing for a strike at US plants that may drag on with costs already reaching $200 million.

Ford Motor Co. said it has boosted its wage increase in a new contract proposal to the United Auto Workers union aimed at ending a 19-day strike.

General Motors Co. and Toyota Motor Corp. posted double-digit gains in US new car sales for the just-ended quarter even as Stellantis NV sales fell short, evidence that car buyer appetite for vehicles mostly remains hearty heading into the final months of the year.

Top global automakers on Tuesday reported a rise in U.S. new vehicle sales for the third quarter, buoyed by resilient demand for latest models and improved supplies.

The Biden administration’s proposal to order automakers to increase the average fuel economy of their vehicles in order to limit pollution will cost manufacturers $14 billion dollars in fines, according to the biggest auto industry trade group in the US.  

General Motors and Ford Motor on Monday said they are laying off another 500 workers at four Midwestern plants because of the impact on some of the facilities of the United Auto Workers strike in its 18th day.

Volkswagen AG has hired a former Tesla Inc. engineering director to bolster the German carmaker’s ailing software push.

U.S. new vehicle sales likely rose in the third quarter on improving supply and steady demand, but a strike by autoworkers has muddied the outlook for the "Detroit Three" for the rest of the year, analysts said.

The National Highway Traffic Safety Administration (NHTSA) said on Monday it was upgrading and expanding its investigation into 708,000 Ford Motor sport utility vehicles and trucks over catastrophic engine failures tied to a faulty valve.

US car buyers are headed to showrooms out of sheer necessity, defying high interest rates and fat sticker prices to replace cars that on average have been on the road for more than 12 years.