NDRC's direction of investigations has drawn heavy criticism from foreign officials and the overseas business community.» Read More
CNBC's Phil LeBeau offers detail about plans of an IPO for Chrysler, and the current negotiations happening between Sergio Marchionne and Fiat, and VEBA. JPMorgan is likely the lead bank.
JPMorgan will probably lead the automaker in its public offering, reports Kate Kelly with the latest detail on the potential offering.
Chrysler Group is late in the stages of preparing its offering documents, and JPMorgan Chase is expected to underwrite the IPO.
As the U.S. prods the oil industry to blend more ethanol into gasoline, charges are flying between refiners and biofuel advocates about the impact of mandates.
Nearly all automakers on Wednesday reported double-digit sales gains as August shapes up to be another strong month for the industry.
It was put on hold after several problems and the funding was halted. Critics blamed poor oversight for the loss of money.
A new survey of customer satisfaction in the United States shows the gap between the 'Big Three' automakers and imported car brands has stretched to its widest point in five years.
Many domestic auto plants are operating above 100 percent of straight-time, two-shift capacity, forcing manufacturers to look at their options.
General Motors' says its July U.S. sales rose 16 percent on big gains in full-size pickup trucks, selling just over 234,000 vehicles, but short of the 19 percent gain forecast.
In his latest speech on the economy, jobs and taxes, President Obama proposes cutting corporate taxes, repatriating foreign earnings and infrastructure spending to create jobs.
Retired Vice Chairman of General Motors Bob Lutz offers insight on Chrysler's future, as well as the state of Detroit. "Sergio Marchionne has stated he'd like to buy the rest of Chrysler," he says, adding "the product line is getting better and better, and now certainly would not be a bad time."
Chrysler posted a 16 percent rise in second-quarter earnings and its CEO said he expects stronger numbers in the second half—though results are still expected to miss targets.
As the Fed's two-day meeting kicks off Tuesday, markets are more intrigued about who will take Ben Bernanke's seat than the Fed's policy statement.
If you're looking for a slow summer day, you won't find it this week.
Detroit must dig itself out of the hole it created and cannot wait to see if the federal government will come to its rescue, the city's emergency manager said on Sunday.
FedEx, Jack Daniels and Volkswagen also have origins or significant North American investments in Tennessee, Gov. Bill Haslam says.
Some states are more patriotic than others when it comes to buying cars and trucks from domestic automakers. Here's a look at how they stack up.
General Motors and Honda announced an ambitious joint venture they hope will allow them to transform the fuel cell from a scientific curiosity to a mass-market reality.
Chrysler said Wednesday it was recalling more than 500,000 vehicles, most of them because active restraint headrests might malfunction.
Auto sales are way up, especially trucks, and so are sales of Manhattan's most expensive condos. It's looking like 2007 all over again in some key consumer markets.