General Motors reported second-quarter profits of $1.3 billion and may soon file papers for an IPO. CEO Ed Whitacre, appointed by the Obama administration to turn GM around, has also announced he will step down and be succeeded by a board member. Reporter Alisa Roth talks with Tess Vigeland about what all this means for GM and the Big Three.

Auto sales have been improving over the course of the year, and car dealers are challenged with providing new cars after a long slump.

Investigators say they have no evidence that Toyota's electronics are the culprit for those bouts of sudden acceleration.

The Massachusetts legislature could vote on a bill to force carmakers to share repair information with independent mechanics.

Oil spills around the world may be the fault of individual companies, but Americans — with their bus-less suburbs, saran wraps and highways — are also perpetuating the country's reliance on oil.

Once pegged the product that would save General Motors, the Chevy Volt will cost drivers more than the company originally planned. But buyers have a few options to avoid paying the full price.

General Motors bought a subprime lender to increase leasing of GM cars and lending to customers who have lower credit rating. Is this a sign the economy is recovering or that companies are going back to the risky lending that got the economy in a recession in the first place?

General Motors' bid to acquire auto financing firm AmeriCredit for $3.5 billion points to a resurgence by automakers to become loan originators for their customers

Ford withdraws bond issue because of credit-rating requirements of new financial reform bill