SEOUL, South Korea— South Korea said Thursday it fined Volkswagen $12.3 million and ordered recalls of 125,522 diesel vehicles after the government found their emissions tests were rigged. Hong Dong Gon, a director at the Ministry of Environment, said in a live television broadcast that the ministry will continue investigating 30,000 other Volkswagen...» Read More
I asked the questions, and you told me in no uncertain terms what you think the President should do with the auto makers. Your reasons for each answer varied, and there were some you disagreed on more than others. With that said, let me give you a sense of some answers.
I hear it all the time. "Those guys know how to build a car that can get 50 MPG, but they just don't want to."
The movers and shakers at Davos don't travel cheap. But just one day after the news Citi has a fancy new elite private jet on the way, a billionaire investor travels commercial.
President Barack Obama's decision Monday to reverse a pair of Bush administration environmental policies could be an sign of other decisions the new White House team could take to combat climate change.
U.S. President Barack Obama told the Environmental Protection Agency Monday to reconsider California's request to regulate greenhouse gas emissions from cars, reversing the climate policies of former President George W. Bush.
When I strolled into the New Orleans Convention Center this weekend for the National Auto Dealers Association annual meeting, I expected optimism. Even in a recession, these guys are sales people. It's what they do.
General Motors said in a Securities and Exchange Commission filing Friday that it used the proceeds of an $884 million Treasury department loan to increase its equity stake in its financing arm to about 60 percent.
The trustee overseeing the liquidation of Mr. Madoff’s brokerage firm has asked a federal bankruptcy judge to allow him to cancel leases on six luxury vehicles that the firm had rented, the New York Times reports.
Wondering what President Obama is planning to do to save the auto industry? Just ask some of the people the President's advisors have been consulting.
Now that he's taken the oath of office a second time, watched the Jesse White Tumblers in the inaugural parade, and danced at several balls celebrating his inauguration, President Obama faces some tough choices with the auto industry. What should he do? What would you do if you were sitting in the oval office?
The pressure's on Obama to save the economy. His presidency will succeed, or fail, with the markets.
A few years ago, this kind of news would elicit hand wringing in Detroit, another round of "Detroit is Failing" headlines, and statements of false bravado from GM executives who often reacted with denial whenever the company slipped. Those days are gone.
General Motors sold fewer cars globally than Toyota last year, as the Japanese automaker passed the Detroit company for the first time.
The target date for General Motors to get its second installment of government loans passed last week, but a top company executive says he expects the money to arrive in the next several days.
Here's what the new president needs to do if he wants to get the American economy back on track.
In his inaugural address, President Barack Obama indicated tough times will call for sacrifice, and he warned that "hard choices" lie ahead. CNBC asked the experts what those hard choices will be and who will suffer.
The Dow ended below 8,000 for the first time in two months as bank stocks took a beating over profit worries.
Download a PDF transcript of Warren Buffett and Tom Brokaw's complete interview focusing on Barack Obama for Dateline NBC.
Stocks paused briefly as Barack Obama was sworn in as the 44th president but resumed their slide as banks took a beating over profit worries.
Like a Clint Eastwood spaghetti western, the alliance between Chrysler and Fiat is an intriguing piece of work that leaves you scratching your head.