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
General Motors' extremely distressed debt is an attractive investment as the automaker has several options to improve its liquidity and survive the economic downturn, according to credit analysts at JPMorgan.
Stocks continued to slide Tuesday as the positive effect of China's stimulus package gave way to renewed fears about the strength of the global economy.
For the past couple of weeks I've been telling viewers, readers, neighbors why a General Motor's bankruptcy is the last thing we want to see. Some have called me an apologist for Detroit. Others have said I'm clueless.
Stock index futures pointed a slightly weaker open Tuesday as the positive effect of China's stimulus package gave way to renewed fears about the strength of the global economy.
The struggling auto industry was thrust into the middle of a political standoff between the White House and Democrats on Monday as President-elect Barack Obama urged President Bush in a meeting at the White House to support immediate emergency aid.
The failure of this auto company, or its Big Three peers, could be as catastrophic as that of any major bank.
Tiger Woods discusses getting into real estate in the current market, how he feels about Obama's election and the survival of his sport in tough economic times, while American International Group's CEO comments on the company's loss of $24 billion in the third quarter and the government's bailout package. Following are today's top videos:
The U.S. auto industry's best chance for $25 billion in immediate government help may come next week when Congress returns.
General Motors will likely fall below its minimum cash needs of $11 billion to $14 billion in the first quarter of 2009 if the troubled automaker does not receive additional funding, said an analyst at Barclays Capital.
With the end of merger talks between Chrysler and General Motor, there is rampant speculation about what happens next to Chrysler. Sure parent Cerberus Capital would prefer to sell Chrysler as a whole, but the odds of that happening aren't real strong.
Australia's government is to inject an extra $2.3 billion into the ailing car industry to offset tariff cuts and a global economic slowdown, Prime Minister Kevin Rudd said on Monday.
Former Secretary of Commerce William Daley is currently a member of Barrack Obama’s transition team. Find out what he's telling the President-elect!
Washington needs to make saving this company its number-one priority, Cramer says.
Under normal circumstances, companies try to put the best face on bad news. But we are not in normal circumstances.
General Motors is not considering bankruptcy despite a sharp downturn in sales and cash position, but the industry needs fast action by the government to prevent a "devastating" impact on the economy, GM Rick Wagoner said on CNBC.
GM and Ford reported far deeper-than-expected quarterly losses as an extended slump in car sales raised questions about the future of the US auto industry
Ford Motor's need for government assistance will depend on how rapidly the economy decelerates, but the company is not in immediate need of immediate help, CEO Alan Mulally told CNBC.
With the auto industry in crisis leaders of GM, Chrysler and Ford implored the government for help on Thursday.
The Big Three auto makers are meeting with the House leadership today, and they are going to be presenting scary numbers. GM in particular is likely burning through their cash horde of $25 b at a much faster rate than the $1 billion a month projecting a short while ago.
How much time does GM have? It's not going bankrupt this month or by the end of the year, but if it does not conserve its cash, and sales remain as depressed as they were in October, 2009 will be dicey.