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GM, Chrysler sales fall more than 40 percent; Ford, Honda also slip

The biggest automakers posted some of the sharpest U.S. sales declines in September as demand dropped to its lowest level since April in the aftermath of the cash-for-clunkers program. The seasonally adjusted annual sales rate was 9.51 million units.

GM names Stracke to succeed Reilly as CEO of Opel/Vauxhall

General Motors on Thursday named global engineering chief Karl-Friedrich Stracke to replace Nick Reilly as CEO of its money-losing Opel/Vauxhall unit, effective April 1. Stracke will report to Reilly, 61, who continues as the head of GM's European operations and will be nominated to chair the Opel supervisory board. Stracke, a German native, has led GM's global vehicle engineering operations for the past 15 months.

More Londoners travelling by bus

MORE LONDONERS are taking the bus than at any time since 1959 - with more than 2.4 billion trips made in the capital in the past year. The growing popularity of London's iconic red double-deckers comes after Mayor Boris Johnson introduced a fleet of newly revamped Routemasters. The number of buses travelling along the capital's roads reached a 60-year high on April 29, when 7,961 buses were on the streets - the highest number since 1953, according to Transport for London.