JEFFERSON CITY, Mo.— A Missouri Senate committee has endorsed a 1- cent sales tax increase to fund transportation projects. If passed by the full Senate, the measure would head to the November ballot for voter approval. The lone "no" vote on the Senate panel was Republican Sen.» Read More
General Motors' says it gave Chief Executive Rick Wagoner compensation valued at $14.9 million last year for leading a company that lost $30.9 billion and is running on government loans.
Autonation CEO Mike Jackson said today that despite the government’s push towards fuel-efficient vehicles, the creation of green cars will not spur auto sales.
The Dow Jones Industrial Average could pull up from its recent dramatic freefall if the Dow Jones Transportation Average manages to stay above critical support levels, Roelof van den Akker, chartist at ING Wholesale Banking, told CNBC.
Members of the General Motors bondholders committee will be meeting with President Barack Obama’s auto task force on Thursday in Washington, CNBC has confirmed.
General Motors expects weak sales in the US for February, which will be an "exceptionally weak" fleet month for automakers, GM's chief operating officer told CNBC.
Ford Motor executives met Friday with the Obama administration's auto industry task force but the company said it was not seeking emergency financial aid.
General Motors is open to an alternative viability plan, said Ray Young, the company’s CFO ahead of meetings between executives and U.S. Treasury Secretary Timothy Geithner and White House economic adviser Larry Summers on Thursday.
An Obama administration task force considering the fate of General Motors and Chrysler is discouraging bankruptcy protection as an option for the struggling companies, two senators said Tuesday.
The brand that was once hailed as an important part of the future of General Motors now will be part of its past.
The Bill & Melinda Gates Foundation on Tuesday increased its share stake in heavyweights like Coca Cola, McDonald's and Autonation.
As global markets began another week in the red Monday, investors remain skittish and hesitant to fully get back into stocks. Experts tell CNBC where the investment opportunities are.
As morbid as it sounds, a recession's the perfect time to take a very, very long vacation. And guess what? It's really cheap too!
Overly negative investors will miss what opportunities this market has to offer. So consider the following list before completely giving up.
Companies are trying to find the right pitch for these tough times, and those who think it’s just about cutting prices, extending warranties, or throwing in something for free are sadly mistaken.
Warren Buffett's stake in Burlington Northern Santa Fe has reached 22.4 percent, with a new options-related stock purchase of over two million shares.
General Motors and Chrysler are offering blue-collar employees another round of buyout and early retirement offers as the automakers try to cut their work forces and reduce expenses, union officials said.
A closer look at the huge package of spending measures and tax cuts shows that many special items still got inserted into the measure
Somali pirates hijacked a German tanker loaded with liquefied petroleum gas Thursday off the Horn of Africa. The ship's 13-man crew was reported safe even though gunshots were heard over the ship's radio.
The United Auto Workers will suspend its jobs bank program at General Motors next Monday, CNBC confirmed.
The rally on the Dow Jones Transportation Index will fail and a long-term downturn can be expected for the index, Roelof Van den Akker, chartist at ING Wholesale Banking said Tuesday.