DETROIT— November used to be a slow month for U.S. car sales. Black Friday promotions— some of which began well before Thanksgiving— were expected to push last month's sales to near-record levels. General Motors teased savings of up to 20 percent of for its Buick, Chevrolet and GMC brands.» Read More
Edward E. Whitacre Jr., the new chief executive of General Motors, has one big advantage as he tries to turn around the automaker — a stockpile of cash to develop new cars and trucks.
With GM now searching for a permanent CEO, the hunt will be unlike any the auto industry or the folks in Detroit have seen before.
More consumers, businesses and universities looking to cut transportation costs are ditching car ownership for car sharing.
Don't miss Cramer's interviews with some of the top CEOs in the US.
Admitting all along that he is not a car guy, GM Chairman and new CEO Ed Whitacre is quickly turning to two people who know GM and auto industry to be his top advisors in restructuring the troubled automaker.
General Motors Chairman Ed Whitacre Jr. says he is putting engineering chief Mark Reuss in charge of GM's North American operations in a management shakeup.
Ever wonder why some of the economy’s biggest successes are painted as failures? Let Cramer explain.
General Motors has reached an agreement to sell half of its India operations and a small stake in its China business to its main joint-venture partner in China, in exchange for cash and an increased stake in a second Chinese venture, people with a detailed knowledge of the transaction said on Thursday evening.
If you were shocked by the sudden resignation of GM CEO Fritz Henderson, imagine being in the General Motors management team.
Ed Whitacre is now fully in charge of General Motors and for better or worse he will change the automaker. The real question is whether his moves will be successful?
There's a change at the top for General Motors as the U.S. government (and the Board) flexes its muscles and dictates company policy. As we have said on many occasions, assistance from the U.S. government comes with a high price and lack of independence is at the top of the list. So Fritz is out.
GM abruptly fired CEO Fritz Henderson Tuesday, saying it wanted to chart a new course as it continues restructuring. "The board decided—and Fritz agreed—that it was time to make some changes,'' a GM spokesman said.
US auto sales edged higher in November, led by an outsized gain for Hyundai and mixed results for rivals in a trend automakers said pointed to a grudging recovery in the U.S. economy.
November will not go down as a month to remember in the auto business. And it shows how the hoped for rebound in auto sales will be much like waiting for a rebound in jobs: it will require patience.
Ford Motor and General Motors will each take step big steps forward , but Chrysler is in for a tough year as it tries to buy time by pedaling old models.
We asked you to vote on the big winners and losers of 2009. In the results of our poll—100,000 votes were cast—there were a few close votes, some decidedly one-sided ones and a couple surprise outcomes. And, there were a handful of big losers and big winners.
More people were late with their auto loan payments in the third quarter as job losses continued, but amid rising delinquencies there are positive signs for the economy in certain states.
One week after I blogged about the lack of outcry from Saab owners over the impending demise of the beloved brand of cars, supporters of the Swedish company are being loud and vocal in telling me to get a clue. In general, they think I haven't done my homework and haven't given enough credit to the Web sites devoted to saving Saab like Saabs United.
President Barack Obama's plan to announce the U.S. will cut its greenhouse emissions 17% by 2020, may finally kill off those who continue to believe new fuel efficiency and tailpipe emission standards for autos will never reached stated goals.
Thousands of drivers on the nation's roads don't carry auto insurance, despite laws in all but two states requiring it.