Italy's Fiat and Chrysler are merging to form Fiat Chrysler Automobiles. The combined company would move its tax headquarters to London and list its shares on the New York Stock Exchange. Fiat SpA will announce the final tally by Sept. 4.» Read More
When President Obama’s Auto Team meets for the first time Friday morning, it will be off camera, behind closed doors, away from reporters. Maybe that's good. After all, fixing this industry could be messy, very messy.
It appears GM will need more money from the Obama administration to stay afloat. A lot more money. What's the trade?
Saturn owners are getting an e-mail today that essentially tells them their beloved brand is not going to die.
Businesses filing for bankruptcy need loans to work out their troubles, or face liquidation. But General Motors and its smaller rival, Chrysler, have threatened that they will need $125 billion, in what would be the largest bankruptcy financing packages ever, if they do not receive the additional federal aid they are requesting.
GM says that by the end of March it will reach a decision to either sell the brand or phase it out. My gut, based on talking with people in GM and the industry, is HUMMER is sold, but for far, far less than what GM wants.
The deepening recession is hitting car dealerships hard. That's good news if you're in the market for a new set of wheels.
Wall Street talking heads got you baffled? Cramer debunks 10 myths to help you separate fact from fiction.
Stocks limped to the finish line Wednesday as broad strokes on the bank plan from Bernanke failed to comfort the market.
Brian Moody of Edmunds.com has the three steps to take if you can’t afford your monthly car payments.
GM CEO Richard Wagoner, Jr., says taking a conservative view of the future sent him back to the government to ask for more money.
Yes, the numbers are staggering. Anytime a company says it may need up to another $16.5 Billion to fix its business, there's no way to sugar coat it.
Futures pointed higher Wednesday as investors looked to scoop up some bargains after the previous session's selloff and shrugged off another dismal housing data point.
The brand that was once hailed as an important part of the future of General Motors now will be part of its past.
Stocks tumbled to November levels Tuesday as investors faced a fresh sign of the deepening recession and dilution worries gnawed at bank stocks. Wal-Mart was the lone gainer on the Dow after the retail giant beat earnings expectations.
The Bill & Melinda Gates Foundation on Tuesday increased its share stake in heavyweights like Coca Cola, McDonald's and Autonation.
Remember in college when you had to turn in that mid-term exam? Today, GM and Chrysler face their own mid-terms of sorts, but with a big difference.
Futures tumbled Tuesday as a sharp drop in New York manufacturing activity exacerbated worries about the deepening recession.
It may seem like the country that used to make everything is on the brink of making nothing.
In this Web Extra, the traders talk market moving events in the week ahead including -- GM and Chrysler's viability plans, Obama's strategy for reducing foreclosures, Wal-Mart earnings and more!
When Toyota and Nissan both forecast full year losses within the last week, you knew it was only a matter of time before both companies took steps to limit their mounting losses.