TORONTO -- Canadian auto sales were lower in June with another sharp skid at General Motor as rising gas prices weighed on demand for SUVs and light trucks, according to company figures released yesterday.

Despite rapidly falling sales and shares because of high gas prices, General Motors is not in immediate danger of bankruptcy. That's according to an auto analyst with JP Morgan. Analyst Himanshu Patel says fears of bankruptcy have been overblown despite the au...

Toyota, Renault and Force India found themselves at the back of the pack in Friday's practice for the British GP. Timo Glock: That was a difficult afternoon for both cars. The problem with the clutch meant we missed out on most of the second session.

TOKYO — Toyota Motor is investing an additional $290 million in Japanese partner Fuji Heavy Industries, raising its stake in the parent of Subaru to 16.6 percent. Word of the deal had been circulating here since April.

Toyota is also retreating from its previous prediction of becoming the largest automaker in the world, as it tries to take the title away from General Motors.

Virgin Mobile USA, Inc. (NYSE: VM), a leading national provider of wireless communications services, has announced that it has entered into an agreement to acquire Helio, a joint venture between SK Telecom and EarthLink, Inc.

TORONTO -- Toyota Canada announced yesterday it's lowering the manufacturer's suggested retail price on three Toyota and eight Lexus models. The reductions will range from $1,350 for the RAV4 to $7,900 for the Lexus SC series and will apply regardless of wheth...

Toyota plans to introduce production of the Camry Hybrid at its joint venture with Guangzhou Automotive in China, reports Japanese newspaper the Nikkei . Key components will be imported from Japan.