General Motors is dropping Chevy as its No. 1 brand for mass-market vehicles in Europe and is making Opel its primary mainstream line.» Read More
Ford Motor executives met Friday with the Obama administration's auto industry task force but the company said it was not seeking emergency financial aid.
General Motors is open to an alternative viability plan, said Ray Young, the company’s CFO ahead of meetings between executives and U.S. Treasury Secretary Timothy Geithner and White House economic adviser Larry Summers on Thursday.
Gerald Greenwald, a founding partner at Greenbriar Equity Group, joined CNBC today to give his opinion on the ailing economy and his hopes that GM can avoid Chapter 11 bankruptcy.
An Obama administration task force considering the fate of General Motors and Chrysler is discouraging bankruptcy protection as an option for the struggling companies, two senators said Tuesday.
The brand that was once hailed as an important part of the future of General Motors now will be part of its past.
General Motors and Chrysler are offering blue-collar employees another round of buyout and early retirement offers as the automakers try to cut their work forces and reduce expenses, union officials said.
Step aside and take solace, John Thain: The public flogging you just endured for spending $1.2 million to jazz up your now-vacant office at Merrill Lynch could subside once the sanctimonious mob moves on to other Wall Street titans who would dare redecorate their digs.
The United Auto Workers will suspend its jobs bank program at General Motors next Monday, CNBC confirmed.
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.
UAL, parent of United Airlines, Wednesday said its quarterly net loss widened on erosion in the value of its fuel hedge program as oil prices plummeted.
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.
All passengers on a U.S. Airways jet that crashed into the frigid waters of the Hudson River off New York City on Thursday have been safely removed from the plane, according to the Federal Aviation Administration.
The automobile industry may be rolling out electric cars in attempt to save their companies, but consumers have no incentive to buy the cars if an energy policy and a gas tax are not implemented soon, said Mike Jackson, CEO of AutoNation.
Top executives at Ford Motor and General Motors stressed that the fortunes of automakers will depend on a turnaround in the economy and consumer confidence in particular.
Boeing, the world's second-largest airplane maker, is planning to cut about 3 percent of its work force as jetliner demand falls, hurt by the global economic downturn.
Standard & Poor's Ratings Services and Moody's Investors Service downgraded ratings for Chrysler and Ford Motor.
Let’s just come out and admit it: Many of us hate the notion of a bailout for automakers. If they can't endure a downturn for a few months, why not just let ’em die? These guys brought it on themselves.
Alan Mulally, CEO of Ford Motor, said he sees signs that the auto market has stabilized and hopes for an industry recovery in the second half of 2009.
GM is dropping Chevy as its primary brand for mass-market vehicles in Europe and making Opel its mainstream line.
And Ford is targeting the global market: The newest Mustang was unveiled in six cities around the world on Thursday.
Auto loan interest rates hit their lowest level in at least six years, and Americans took out a record number of loans.