JEFFERSON CITY, Mo.— Missouri's public employee retirement plans generally are in better financial shape than those nationwide, though there is cause for concern about some, according to a state audit released Tuesday.» Read More
Standard & Poor's Ratings Services and Moody's Investors Service downgraded ratings for Chrysler and Ford Motor.
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.
As holiday travelers prepare to go over the river and through the woods for the holidays, more folks are looking for ways to avoid airline fees for checking extra baggage. This has been a boost for United Parcel Service's business.
If even one of the Big Three goes bankrupt, many of the already struggling auto suppliers will fail, said Wilbur Ross, WL Ross & Co. chairman & CEO of the company.
Chrysler is nearing the minimum level of cash it needs to run the company and will have trouble paying bills after the first of the year, according to its chief financial officer.
GMAC Financial Services, the financing arm of General Motors, said it hasn't raised enough capital to become a bank holding company and qualify for aid under the government's $700 billion bank rescue plan.
GMAC, the troubled auto and mortgage lender, warned it may not have enough capital to become a bankholding company, the latest blow to the battered auto industry.
Detroit auto makers should be rescued, but through a planned bankruptcy overseen by the federal government, according to real estate magnate Donald Trump.
Congress and the White House are hoping to reach a final deal Tuesday to provide $15 billion in loans to troubled U.S. automakers. CNBC asked market insiders and members of Congress to share their insight on a bailout for the industry.
Obama's plan to spend billions on infrastructure appears aimed at helping cash-strapped states as much as the average worker.
Suppose you were going to buy a new car. With all things being equal — like price, performance, extra features — would you be willing to purchase a car made by a manufacturer that has filed for bankruptcy protection?
Find out how you can get to and from work on the cheap right here.
Orders to U.S. factories plunged in October by the sharpest amount in over eight years as a deepening recession caused big cutbacks in demand for steel, autos, computers and heavy machinery. Analysts expect the weakness will continue for some time.
Chrysler Vice Chairman Jim Press reiterated the need for government aid to help support the auto industry as he travels to hearings in Washington, D.C.
The current problems facing the automotive industry are a result of consumer fear, not the Big Three U.S. automakers, according to John Bergstrom, CEO of Bergstrom Automotive, one of America’s most powerful car dealership groups.
How did Dryships go from $116 to $4 in a little over half a year?
U.S. light vehicle sales at General Motors and Chrysler plunged more than 40 percent in November, while Ford's sales dropped 31 percent, battered by an economic storm that has sent consumer demand for new vehicles to lows not seen in decades.
This time, GM Chief Rick Wagoner will drive a company car to Washington instead of flying by corporate jet as he seeks a government bailout, a spokesman says.
General Motors will extend its holiday shutdown or make other production cuts at five factories at as it deals with a continued U.S. auto sales slump and fights to stay solvent.
Sales of many high-end luxury cars are bucking the trend of plummeting car sales, and their makers and industry watchers at the Los Angeles Auto Show this week are confident that they will weather the industry downturn just fine.