UAW contracts with Ford and GM are the most generous in more than a decade, but there could be consequences for workers. The NYT reports.» Read More
President Obama asserted unprecedented government control over the auto industry, rejecting turnaround plans from GM and Chrysler and raising the prospect of controlled bankruptcy.
Wagoner's resignation comes as the company awaits president Barack Obama's reports on efforts to save GM and Chrysler.
As word spreads about Rick Wagoner's resignation from GM, and Obama's autos task force rejecting the turnaround plans of both GM and Chrysler and warning bankruptcy, the auto industry enters its next phase of retooling.
If you thought March 31 would be the day the government would make a final pronouncement on GM and Chrysler, it's time to think again.
Realtor and mortgage broker Jullisa Kalish thrived in the property boom. Now that it has turned to bust, she is back in college working toward what she hopes will be a more robust career—as a bookkeeper.
Stocks ended higher Wednesday as a surge in the final minutes of trading pushed all three indexes in positive territory.
Stocks advanced Wednesday after a pair of better-than-expected economic numbers. New-home slaes rose more than expected and durable-goods orders unexpectedly rose, snapping a six-month slide.
Today, Toyota takes the wraps off the new Prius and many in the auto industry will be watching to see if it can remain king of the hybrid hill.
Over the past couple weeks, it has become very clear that not only will luxury boxes be sold on a fractional basis for season tickets, but also on an event basis. That's what is happening with the Final Four in Detroit, as corporations have decided to stay away from the clear suites in the sky this April at Ford Field.
Stocks ended a choppy session sharply lower Tuesday as investors regrouped after the prior session's blockbuster rally.
Stocks retreated Tuesday, despite good news continuing from the banking sector, as investors took a breather after Monday's surge.
This morning the Insurance Institute for Highway Safety released a new rating system for the strength of roofs for SUV's. These ratings highlight an area that is critical to whether passengers in an SUV will survive a rollover crash accident.
US stock index futures pointed to a lower open for Wall Street Tuesday after Monday's rally, despite good news continuing from the banking sector, with fears over the health of the world economy resurfacing and investors locking in some gains after the previous session's jump.
Amid all the hoopla about today's launch of the Tata Nano was a question and answer about when the $2,500 micro car might be on sales in the U.S. Tata CEO Ratan Tata said that it is conceivable his company could modify a European version of the Nano to meet U.S. safety standards within three years
Talk about a strange juxtaposition. On the same day Rolls Royce is bringing its new "Baby Rolls" to New York, the world's least expensive, "mass market" car is rolling out in India. The Tata Nano and Rolls Royce 200 EX. One will cost roughly $2,500, the other will be at least 100 times more expensive.
Life in limbo is costing GM and Chrysler. New numbers show the residual values of GM and Chrysler cars have taken a hit. Meanwhile, another survey of car buyers shows a sizable drop in the percentage of buyers who are considering buying a GM or Chrysler.
Stocks slid in the final hour of trading Thursday as investors were initially encouraged by efforts by Citigroup to boost capital but started cashing in some profits, particularly in sectors that have seen big runups like financials.
British luxury carmaker Jaguar surged to the top of J.D. Power and Associates' closely watched vehicle dependability study this year, tying Buick for the No. 1 spot and dethroning Lexus for the first time since the Japanese luxury brand has been a part of the survey.
The announcement by the Treasury Department that it will provide up to $5 Billion in federal aid is the next move by President Obama's auto task force to help the auto industry avoid a collapse.
What a difference a week makes. The combination of a market bounce, favorable news from GM, and reports of Ford planning to offer a $2.95 Billion in TALF-related bonds have sent shares of Ford and GM surging in the last week.