Mary Jo Walentovic was driving on a Detroit- area interstate in February when a car kicked up a large chunk of road that smashed through her van's windshield, destroying the rearview mirror and an armrest. Fed up, she plans to vote for a 1- cent sales tax increase on Michigan's May 5 ballot that would put an additional $1.2 billion a year into fixing deteriorating...» Read More
After last week's better-than-expected U.S. July jobs figures, the 'V-shaped' recovery is in place, Michael Browne, portfolio manager from Sofaer Global Research said Monday.
General Motors says it aims to register 3.5 billion shares of stock for a potential public offering sometime in 2010.
That’s just what Congress appears to be saying to the American people with its over the top $500 million for the purchase of eight new airplanes that will shuttle them – senators and representatives - back and forth around the world.
General Motors's product development chief says the company will introduce a plug-in rechargeable midsize sport utility vehicle sometime in late 2010 or in 2011.
The head of the task force overseeing the auto industry says the U.S. government will not use its stake in General Motors to make social policy.
Automaker chief says Toyota is fast-tracking plans for an affordable sports car it will launch in the next few years and says US auto market will bounce back strong.
The Senate is readying an extension of the so-called Cash for Clunkers program, potentially providing more consumers with another chance to cash in on the popular government program. But does it make sense for you to make use of this program?
So if you didn't make it to the dealer last week, have you missed your chance for the cash—and are you stuck with your clunker?
Tens of thousands of unsafe or decaying bridges carrying 100 million drivers a day must wait for repairs because states are spending stimulus money on spans that are already in good shape or on easier projects like repaving roads, an Associated Press analysis shows.
The Cash for Clunkers program has been vital towards resuscitating the US auto industry and should continue, AutoNation CEO Mike Jackson told CNBC.
General Motors will end its half-century run as sponsor of the Buick Open golf tournament as it tries to focus scarce marketing dollars on its cars and trucks, a person briefed on the decision said Tuesday.
The first study of drivers texting inside their vehicles shows that the risk sharply exceeds previous estimates based on laboratory research - and far surpasses the dangers of other driving distractions.
Lydia Alcock doesn’t seem like the kind of kid who would run up a $23 quadrillion bill on her Visa Buxx card.
General Motors says its second-quarter worldwide sales fell 15 percent compared with the same period last year due to economic troubles and North American production cuts.
Chrysler says it will double the $4,500 government incentive for people to trade in their old gas guzzlers for new vehicles under the "cash for clunkers" program.
The Obama administration warned Congress on Tuesday that a House-approved plan to restore shuttered General Motors and Chrysler dealerships would threaten the auto companies' bankruptcies and recovery.
Auto sales could bounce back to the $12- to 13-million annual sales rate within a year, Toyota Motor's North American President Yoshi Inaba said Monday.
Cramer gives two big calls in the credit card industry, now that he's seen big signs of credit stabilization.
General Motors says it is investing $1 billion to develop two new car models in Brazil. The president of GM's operations in Brazil and the Mercosur countries says it is GM's biggest investment since the onset of the global financial crisis.
GM CEO Fritz Henderson told CNBC Friday that the new GM must succeed and he said that he believes that the company will do just that.