Gas prices are soaring in the U.S. and may slow auto sales. March 2, 2012- The auto industry enjoyed much success last month. February sales surpassed the annual rate of 15.1 million pushing the industry to its highest level in nearly four years. Demand grew in almost all vehicle sectors. February was the best month the industry has seen since February of 2008. The rate in February 2008 was close to one million higher than last month’s rate. Even though cash prices increased during the month, consumers... 

General Motors had a banner year in China. January 9, 2012- Despite a slowdown in the auto industry last year in China, General Motors Co. and its partners in China posted record sales in the largest automotive market in the world. In 2011, 2.55 million vehicles were sold by the company, an increase of 8.3% over 2010.  Managing Director and President of GM China, Kevin Wale said, “We stayed in front of the competition even though the industry slowed down. Our growth was due to the appealing vehicles...