*Peugeot slumps after writedown, possible capital hike. LONDON, Dec 12- European shares fell for the third day in a row on persistent uncertainty over when the United States may scale back economic stimulus measures, and carmaker Peugeot dropped more than 10 percent.» Read More
The Michael Jackson movie "This Is It" was No. 1 at the weekend box office in the U.S. and around the world but executives were slightly disappointed with its domestic performance.
The first officer of the Northwest Airlines jet that missed its destination by 150 miles says he and the captain were not sleeping or arguing in the cockpit but he wouldn't explain their lapse in response and the detour.
Charles Lindbergh famously fell asleep while crossing the Atlantic, and despite strict federal rules against it, experienced airline pilots say it's not uncommon to sneak a nap inside the cockpit.
Ford Motor said Tuesday it will add 4.5 million older-model vehicles to the long list of those recalled because a defective cruise control switch could cause a fire.
General Motors says it's shutting down the Saturn brand after an agreement with Penske Automotive Group to acquire the unit fell apart.
Opening a government meeting on auto safety, the Obama administration reported Wednesday that nearly 6,000 people were killed and a half-million injured last year in vehicle crashes connected to driver distraction, a striking indication of the dangers of using mobile devices behind the wheel.
General Motors will go to 24-hour operations at factories in Kansas, Michigan and Indiana to make up for production lost due to a large-scale factory consolidation announced earlier in the year.
Car dealership chain CarMax said Tuesday its fiscal second quarter profit surged on higher sales and a one-time gain related to its auto financing business.
Taxpayers may not recover all of the bailout money awarded to the auto sector, said Elizabeth Warren, chair of the Congressional Oversight Panel in charge of the Troubled Assets Relief Program [TARP].
A Congressional Oversight Panel report on the use of TARP funds to restructure the auto industry questions some of the decisions President Obamas Auto Task Force made with regard to GM and Chrysler.
Cash for Clunkers was "one of the most successful stimulus programs of all time" that has helped the auto industry on its road to recovery, AutoNation CEO Mike Jackson told CNBC.
A top Ford executive expects industry-wide U.S. auto sales to rise for the first time in more than two years this month, thanks largely to the government's Cash for Clunkers program.
The popular Cash for Clunkers program generated nearly 700,000 new car sales during the past month, giving the U.S. auto industry a badly needed jolt of activity during the deepest decline in auto sales in two decades.
From Vermont to California, exhausted but appreciative car dealers watched their lots grow empty as crowds rushed to trade in gas guzzlers during the final weekend of the popular Cash for Clunkers program.
AutoNation, the nation's largest auto dealership chain, said Saturday it hit the brakes on the popular Cash for Clunkers program three days early because it wants to make sure it can submit the paperwork on thousands of sales to the government before a Monday evening deadline.
As more American car buyers take advantage of the rebate program, the federal government is struggling to reimburse dealers that shoulder the rebates up front
Hundreds of auto dealers in the New York area have withdrawn from the government's Cash for Clunkers program, citing delays in getting reimbursed by the government, a dealership group said Wednesday.
AutoNation CEO Michael J. Jackson told CNBC Wednesday the government owes his company about $45 million in rebates from the cash-for-clunkers program, but said he still has faith in the program.
Higher sales from the government's Cash for Clunkers program have prompted General Motors to boost production at several of its factories, according to company and union officials.
The Transportation Department says consumers who want to purchase a new car not yet on a dealer lot can still be eligible for the car rebate program.
Mary Barra's success rests on whether she can make GM more competitive, profitable and live up to its potential.
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.