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General Motors said it will issue new debt to help shore up its pension plan for U.S. hourly workers.

GM’s Spring Hill, Tenn., plant will produce V-8 engines for the first time after the automaker invests $148 million in the facility, the company said today.

KAR Auction Services, the parent company of ADESA, said it plans to acquire eight auto auctions that are part of the ServNet Auction Group.

Fujikura Automotive America said it moved its North American headquarters to the Detroit suburb of Farmington Hills, Mich.

BMW wielded an unlikely tool to hold onto its crown in the U.S. luxury-car market last year: the loaner, people familiar with the matter told Bloomberg.