NOVI, Mich. _ Cooper-Standard Holdings Inc. on Thursday reported second-quarter earnings of $40.9 million. Cooper-Standard expects full-year revenue in the range of $3.4 billion to $3.43 billion. Cooper-Standard shares have risen 13 percent since the beginning of the year. » Read More
You can hear them virtually everywhere. You can call them pessimists, but I prefer the term realists. They are people within GM, the Obama administration, the auto industry, and elsewhere who now see GM filing for bankruptcy as the best move for a company with few good options.
The Treasury Department is directing General Motors to lay the groundwork for a bankruptcy filing by a June 1 deadline, despite GM's public contention that it could still reorganize outside court, the New York Times reports.
With General Motors now negotiating with debtors and union leaders for a drastic revision to current agreements, it's time to stand back and reflect on the bigger impact of this drama.
Inspired by AIG? Humored by unemployment? As humbling as the economic crisis has been, some creative characters have managed to find inspiration amid the wreckage of the economy and their personal lives.
The auto task force, lead by Steven Rattner, wants GM to emerge with as little debt as possible once the restructuring process is done, according to numerous sources familiar with the situation.
The New York Auto show opens its doors to the public this holiday weekend to an ever more economy-conscious public. Click to see what they have to offer.
Shortly after the doors opened to press days at the New York Auto Show someone asked me, "Do these auto shows really serve a purpose anymore?"
We break down the pros and cons of the plans being offered to entice consumers to buy a new car even if they are worried about their jobs.
Because of the money it borrowed nearly three years ago, Ford is in far better shape than its two crosstown rivals, GM and Chrysler. The loans have kept it independent and on a course to survive the worst new-vehicle market in nearly 30 years.
Aggressive price cuts and a lack of good-quality used cars has sent the price of some new autos below their second-hand equivalents, the Financial Times reported Thursday.
Is bailout nation about to strike again? Sure looks like it. According to this morning’s front-page Wall Street Journal story, life-insurance companies are about to get TARPed. This is nuts.
NOT SEEN ON T.V.: Jalopnik.com Editor Ray Wert reveals the top three new cars on a value-basis, live from the NY Auto Show.
Chrysler is working hard to complete a deal with Fiat, but is also prepared if the deal doesn't go through, Vice Chairman and President Jim Press told CNBC Wednesday.
As I walk around the New York Auto Show and talk with executives from GM, Toyota, and Chrysler there is one question you hear over and over: Are buyers actually coming back into showrooms?
It sounds crazy: Just a week after the White House scolded Chrysler LLC for relying too much on gas guzzlers, the company is heading to a marquee auto show Wednesday to unveil a new SUV.
The bankruptcy option for GM seems to be gaining momentum. If the automaker does file for Chapter 11 protection, are you worried about unitended consequences?
One of the least efficient automobile factories anywhere in the world exists in Russia, reports the New York Times.
The first time you see the new PUMA (Personal Urban Mobility and Accessibility) 2 seat ride, you think to yourself, "well, that's pretty cool."
Remember when Ford shares touched $1.01 a few months back and people were speculating about when the troubled automaker was "forced" into bankruptcy? Those days seem like a distant memory.
After 26 years as one of the most politically connected investment bankers on Wall Street, Steven Rattner finally took a job in Washington — only it is not quite the one friends and business associates thought it would be.