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Autos Automobiles and Components


  • Automakers’ Swift Cases in Bankruptcy Shock Experts Tuesday, 7 Jul 2009 | 11:09 AM ET
    GM and Chrysler bankruptcy

    In fewer than 45 days each, General Motors and Chrysler swept through government-sponsored sales in bankruptcy court — quick tours that most people in the legal community thought impossible not long ago.

  • Economic Worries Dent Stocks; Techs Rise Tuesday, 7 Jul 2009 | 10:48 AM ET

    Stocks fell Tuesday amid growing doubts about the economic recovery. But techs and banks rose.

  • Residual Values Hold Up Through Bankruptcy Tuesday, 7 Jul 2009 | 9:46 AM ET

    When you have a car company going through the great unknown of bankruptcy, you take the good news when it pops up. For Chrysler, the good news is the way residual values for new Chrysler vehicles are not only holding up, but actually rebounding a bit from when the company first filed for bankruptcy. It is the kind of proof the supports the arguments from the White House and elsewhere that bankruptcy would help, not hurt, Chrysler and GM.

  • Futures Eke Up; Some Optimism Returns Tuesday, 7 Jul 2009 | 6:04 AM ET

    Futures indicated a slightly higher open for Wall Street Tuesday as doubts about the sustainability of a global economic recovery dimmed.

  • Dow Ekes Out a Gain Amid Bargain Hunting Monday, 6 Jul 2009 | 4:39 PM ET

    Stocks ended mixed Monday as a dismal jobs report last week and expectations for a gloomy earnings season nagged at the market. But the Dow eked out a gain amid some bargain hunting.

  • Dow Turns Positive Amid Bargain Hunting Monday, 6 Jul 2009 | 3:06 PM ET

    Stocks were under pressure Monday as a dismal jobs report last week and expectations for a gloomy earnings season nagged at the market. But the Dow turned positive as investors took advantage of the selloff and did some bargain hunting.

  • GM's Sale Plan Approved; Appeal Likely Over Ruling Monday, 6 Jul 2009 | 11:26 AM ET
    First page of the US bankruptcy filing for General Motors Corporation

    A bankruptcy judge has ruled that General Motors can sell the bulk of its assets to a new company, but it appears the ruling will be appealed by a Chicago law firm.

  • Stocks Get Quick Boost From Services Report Monday, 6 Jul 2009 | 11:06 AM ET

    Stocks briefly pared their losses after a report showed improvement in the service sector.

  • Swings in Price of Oil Hobble Forecasting Monday, 6 Jul 2009 | 10:39 AM ET
    Oil traders on the floor of the New York Mercantile Exchange, New York.

    The extreme volatility that has gripped oil markets for the last 18 months has shown no signs of slowing down, with oil prices more than doubling since the beginning of the year despite an exceptionally weak economy.

  • GM A Step Closer To Exiting Bankruptcy Monday, 6 Jul 2009 | 9:28 AM ET
    GM logo, General Motors logo

    If all goes as planned and GM comes out of bankruptcy Thursday afternoon the country's largest auto maker will have gone in and out of Chapter 11 in 40 days.

  • Futures Fall Amid Economic Concerns Monday, 6 Jul 2009 | 7:41 AM ET

    After the long Independence Day weekend, futures indicated a lower open for Wall Street as second thoughts about the U.S. economy's recovery spooked investors after last week's worse-than-expected nonfarm payrolls numbers.

  • Plan to Sell General Motors' Assets Is Approved Monday, 6 Jul 2009 | 12:41 AM ET
    GM Dealership

    A federal judge late on Sunday approved a plan by General Motors to sell its best assets to a new, government-backed company, a crucial step for the automaker to restructure and complete its trip through bankruptcy court.

  • Fewer Dealerships: A Wrench in New Mechanic Plans? Saturday, 4 Jul 2009 | 6:40 PM ET
    Customer at an auto dealership.

    General Motors and Chrysler are closing 3,200 dealerships nationwide, and aren't doing any favors for recent automotive tech graduates looking for mechanic jobs. But fewer people buying new cars and trucks also means people are counting on their older vehicles to run reliably.

  • Car Dealer Determined To Fight Chrysler Over Franchise Saturday, 4 Jul 2009 | 6:29 PM ET
    2007 Chrysler 300

    A former Chrysler dealership owner is determined to challenge the automaker's decision to terminate his franchise.

  • Stocks End Week With Thud After Jobs Report Thursday, 2 Jul 2009 | 5:53 PM ET

    Stocks capped their third straight down week with a sharp drop Thursday as a weak jobs report muzzled all the green-shoots talk and investors hunkered down. The Dow lost 1.9 percent this week.

  • GM Awaits Judge's Ruling on Asset Sale Plan Thursday, 2 Jul 2009 | 3:08 PM ET
    First page of the US bankruptcy filing for General Motors Corporation

    An attorney for General Motors urged a bankruptcy judge Thursday to approve the automaker's sale plan, saying that the only other alternative would be a liquidation of the company's assets.

  • Are Gas Prices Still Scaring Car Buyers? Thursday, 2 Jul 2009 | 9:33 AM ET

    Hyundai is trying to ease consumer fears about rising gas prices by running a new promotion where buyers of most Hyundai models join a program where they never pay more than a $1.49 a gallon for the next year. As promotions go, I think it's a smart move. It will get Hyundai in the conversation with many buyers.

  • Futures Skid After Jobs Report Thursday, 2 Jul 2009 | 9:21 AM ET

    Stock futures slid deeper into the red Thursday after a report showed more jobs were lost last month than expected.

  • Ford Passes Toyota For #2 In The U.S. Wednesday, 1 Jul 2009 | 2:37 PM ET

    It's been a long time coming. Roughly two years if you're keeping score. That's the last time Ford was locked in as the #2 automaker in the U.S. Well, after the first six months of 2009 Ford as once again pulled ahead of Toyota in U.S. sales year-to-date.

  • Retired From G.M. at 54. Pensionless at 74? Wednesday, 1 Jul 2009 | 11:46 AM ET

    General Motors is using its huge pension fund in a way it never intended. It had planned — and put money aside — for a steady march of retirees over time. But instead, tens of thousands of blue-collar workers, most in their 40s and 50s, are all becoming eligible for retirement benefits now, as the company rapidly downsizes.