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  • General Motors Headquarters

    What's good for General Motors is not good for America, and vice versa. I  don't object to the government giving GM tens of billions of dollars so it can avoid bankruptcy, or at the very least liquidation.

  • Stocks tumbled 4 percent Thursday as investors were rattled by doubts about the survival of General Motors and Citigroup broke below $1.

  • Stocks opened lower Thursday, pressured by doubts about whether General Motors can survive and ahead of a hearing with Treasury Secretary Timothy Geithner.

  • Stocks opened lower Thursday, pressured by doubts about whether General Motors can survive and ahead of a hearing with Treasury Secretary Timothy Geithner.

  • GM_logo_down.jpg

    Admit it. When you see the headlines of GM warning it could be forced into chapter 7 bankruptcy and liquidate, you likely have two reactions. First, you say "Duh! These guys have been hanging on by a thread, of course they could go under."

  • US stocks headed for a lower open Thursday, having clawed back key ground in the previous session, ahead of a hearing with Treasury Secretary Timothy Geithner and decisions by the European Central Bank and the Bank of England on interest rates.

  • two_cars.jpg

    After years of getting into the habit of buying or leasing a new car every 3 or 4 years, or even going one step further and buying a third car for a house with only two drivers, Americans are pulling back.

  • Stocks ended a yo-yo session lower Tuesday, with the S&P ending a few points below the 700 mark as investors remained on edge.

  • February auto sales are shaping up to be as weak, if not weaker, than the poor results posted in January.

  • Tuesday: Fed Chairman Ben Bernanke defended the AIG bailout, saying the alternative would've been a disaster. Treasury Secretary Tom Geithner defended the Obama Administration's plan to buttress and stimulate the U.S. economy. Auto sales plummeted; Citigroup said it'll lower some mortgage payments; and subsidiaries of Warren Buffett's Berkshire Hathaway announced job cuts. CNBC heard from experts who said the U.S. economy is in a depression — but the next move is an upside jump.

  • ford_logo_black.jpg

    Ford's February auto sales fell a whopping 48.4%, which will re-enforce fears the the economy continues to stumble.

  • Mercedes

    Geneva is hosting auto manufacturers from all over for the globe this week for the 79th International Motor Show. It’s no secret that the auto industry has been hit particularly hard since the onset of the recession, but as the as this year’s motto says, "the show must go on."

  • Truck_forsale.jpg

    This may be the best time to get the deal you want on a new car or truck. In fact, if you can stomach the idea of taking on an auto loan in this economy, dealers will bend over backwards to get you in the new ride you want.

  • How confident is Ford that its re-designed Fusion will be able to beat the Toyota Camry head to head?  Very. 

  • The drop in auto sales has created a glut of auto factories and turned niche brands into luxuries Detroits auto guys can no longer afford to hold.

  • Ford

    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.

  • money_spread.jpg

    As expected, General Motors posted horrendous 4th quarter numbers this morning with the company losing $9.6 Billion. For all of 2008 GM lost $30.9 Billion making it one of the worst years ever for the auto maker.

  • Stocks declined Wednesday as a late warning from President Obama about stricter oversight for Wall Street knocked major indexes off their highs for the day.

  • US stocks looked set to give back some the gains from the previous session at the open Wednesday, after Federal Reserve Chief Ben Bernanke soothed investors by stepping back from bank nationalization plans and saying the recession may end this year.

  • Ford

    Tuesday afternoon Ford took another huge step in showing it's committed to cutting costs and "sharing the pain".