NASHVILLE, Tenn.— The rival group to the United Auto Workers union at the Volkswagen plant in Tennessee brands itself as local, independent and free of outside influence or political agenda. But the American Council of Employees won't divulge how it is funded, and the lawyer who recently filed the group's overdue disclosures with the U.S. Department of Labor...» Read More
The industry is reeling, but it doesn't mean you have to walk away from the thought of buying American.
GM CEO Fritz Henderson is a straight shooter. It's one of the things about him that I like. That said, how many of us believe the man when he says GMs latest restructuring plan is the final "fix" for the auto maker? Count me among those who are skeptical.
It may be the safe-haven choice of the financial crisis, but experts tell CNBC that cash will underperform over the next 10 years.
Stocks bounced back from a swine flu-induced drop Monday as traders scooped up shares of drug makers and pharmacies.
You've probably seen the commercials, but these companies are not always what they seem.
Now that GM is putting Pontiac out to pasture, planning to cut another 6 production plants in the U.S., and squeeze out hundreds of dealers, I am hard pressed to see how GM remains #1 in U.S. sales.
Global stocks were down Monday, after enjoying 7 weeks of gains, as concerns of the outbreak of swine flu spooked investors. But experts tell CNBC that stocks are still a good long-term bet.
After eight decades the Pontiac brand is about to die or be sold by GM. The auto maker will announce the end of the iconic American brand early next week. Pontiac is the latest casualty of the radical down-sizing of General Motors.
Seldom has a loss of almost $2 Billion ever looked so good. Then again, when you are Ford and you continually turn in better than expected results, losing a couple billion is further proof business is turning around.
It's not just the TARP wife. The recession has Americans from coast to coast redefining their definition of luxury, according to a new Pew Research survey. One of the biggest casualties: The microwave.
The Treasury Department is preparing a Chapter 11 bankruptcy filing for Chrysler that could come as soon as next week, people with direct knowledge of the action said Thursday.
Negotiations over the fate of Chrysler continue between the Treasury department and the banks that hold $6.9 billion of Chrysler's debt.
So-called alt energy-powered vehicles, both production or concept models, were on display at the recent New Yok Auto Show. Here's a sampling.
U.S. industrywide retail auto sales declined about 33 percent in the first 16 days of April compared to a year ago, but the market shows some signs of stabilizing, according to J.D. Power and Associates.
The Treasury Department has increased its offer to repay Chrysler’s senior lenders as part of continuing talks on how to reduce the company’s debt, a person who had been briefed on the talks said on Wednesday.
With one week left before Chrysler faces the very real prospect of filing for Chapter 11 reorganization, and potentially a Chapter 7 liquidation, GM is acting like a company already in bankruptcy. In other words, the end game is almost here. As we're seeing now, it's messy and everyone involved will be feeling the pain.
The government is increasingly likely to convert a $13.4 billion loan to GM into equity, giving taxpayers a big stake in the struggling auto maker, sources told CNBC.
Instead of waiting for houses to become abandoned and then pulling them down, local leaders are talking about demolishing entire neighborhoods, the NYT reports.
As the world grapples with headlines about bailouts, bankruptcies and pirates, a lone dove has emerged on YouTube to save the global economy.
In recessions investors tend to return to safe havens like government bonds, the US dollar, gold and consumer staple and drug stocks and cash flows out of what are considered more discretionary sectors.