SAN FRANCISCO, Oct 6- Volkswagen apologized for its emissions scandal in a letter to U.S. customers obtained by Reuters on Tuesday, but the German carmaker said a remedy would take time. "I am writing you today to offer a personal and profound apology. Volkswagen has violated your trust, "read the letter written by the head of the German company's U.S. arm, Michael Horn,...» Read More
Educating the public about electric vehicles will take a lot of time, but implementing them is our future, said Rebecca Lindland, director of the Autos Group at IHS Global Insight.
In the new GM, where the big push is getting closer to the customer, there's an interesting experiment the company is about to launch.
Car enthusiasts could soon find their high-horsepower American vehicles of choice relegated to car museums and collectors' garages. Click to see a handful of today's V-8 muscle soon-to-be collectibles.
A study finds the fuel economy of new cars and light trucks sold in July noticeably jumped, thanks to the "cash for clunkers" program.
General Motors said Tuesday its Chevrolet Volt rechargeable electric car should get 230 miles per gallon of gasoline in city driving, more than four times the mileage of the current champion, the Toyota Prius.
That's the fuel economy GM expects the electric Chevy Volt to deliver when it comes out late next year. The company made the announcement this morning in Detroit and already skeptics, fans, and the general public are debating if the Volt's mega-fuel efficiency will be a "game changer" for the industry and General Motors.
The Mad Money host says we should feel confident in this recovery. Here’s why.
Demand for the 'Cash for Clunkers' program has slowed down since the government extended funding for the program, butthe industry is still improving, General Motor's Fritz Henderson told CNBC Monday.
New York Attorney General Andrew Cuomo has issued cease-and-desist orders to nearly 40 auto dealerships for running misleading ads about the "cash for clunkers" program.
One month after exiting bankruptcy and vowing to do business differently, GM is going on-line as it strives to improve its bottom line. The auto maker is teaming up with eBay to sell new cars on line in the state of California. It's a deal the two companies have been working on for a few months and it should be a win/win.
GMAC Financial Services says it will offer a leasing option on select vehicles to drivers in 45 states.
For Steve Feinberg, the onetime owner of Chrysler, the past year has been a crawl toward defeat. He lost billions of dollars. He lost prestige. He lost his privacy. And he ended up a ward and supplicant of the federal government, The New York Times reports.
General Motors says it aims to register 3.5 billion shares of stock for a potential public offering sometime in 2010.
Stocks rallied Friday, bringing their winning streak to four straight weeks, after the latest employment numbers showed signs of a stabilizing job market.
Stocks rallied Friday after the latest employment numbers showed signs of a stabilizing job market.
See the most popular trade-ins and new vehicles purchased under the CARS program, according to the Transportation Dept.
If they say it, it must be so ... On Thursday Goldman Sachs said that since inventory liquidation has been so pervasive, the second half of 2009 will see stronger growth as that liquidation process is reversed...We have been feeling the same for some time.
They were waiting down at Gibson Chevrolet near Chicago for a couple of five-gallon cans of sodium silicate — liquid glass, they call it — to poison and kill the clunkers when the latest condemned car pulled up.
Futures jumped Friday after the latest employment numbers showed signs of a stablizing job market.
Ever since Washington first signed off on Cash for Clunkers, I've heard a steady chant of criticism about the program....While I've heard all these concerns, I'll be honest that there are very few I agree with.