The United Auto Workers will suspend its jobs bank program at General Motors next Monday, CNBC confirmed.
I asked the questions, and you told me in no uncertain terms what you think the President should do with the auto makers. Your reasons for each answer varied, and there were some you disagreed on more than others. With that said, let me give you a sense of some answers.
We need a coherent plan for dealing with troubled companies, not just the financials but also the automakers that have borrowed federal money like General Motors and Chrysler. If you ask me, we should nationalize everything we can get our hands on.
More companies announced layoffs on Tuesday as the employment picture continued to dim.
"We don't always know which ones are going to be the amazing turnarounds," says one market pro. "But there's opportunity out there, there's no question about it."
I hear it all the time. "Those guys know how to build a car that can get 50 MPG, but they just don't want to."
You know what's worse than finding out that Citigroup is buying a $50 million top-of-the-line corporate jet? Finding out that Citi actually owns a whole subsidiary called CitiFlight that manages its fleet of corporate jets.
Another round of layoffs was announced by big-name companies Monday, adding to the gloom over rising unemployment.
When I strolled into the New Orleans Convention Center this weekend for the National Auto Dealers Association annual meeting, I expected optimism. Even in a recession, these guys are sales people. It's what they do.
General Motors said in a Securities and Exchange Commission filing Friday that it used the proceeds of an $884 million Treasury department loan to increase its equity stake in its financing arm to about 60 percent.
The Nasdaq launched a Government Relief Index on Jan. 5 to measure the performance of companies receiving TARP money, and now investors want a piece of the action.
Wondering what President Obama is planning to do to save the auto industry? Just ask some of the people the President's advisors have been consulting.
Cramer makes the call on viewers' favorite stocks.
Buried deep inside every trader is a treasure hunter on a quest to uncover the holy grail of hidden returns. And Karen Finerman’s got your map!
Now that he's taken the oath of office a second time, watched the Jesse White Tumblers in the inaugural parade, and danced at several balls celebrating his inauguration, President Obama faces some tough choices with the auto industry. What should he do? What would you do if you were sitting in the oval office?
The pressure's on Obama to save the economy. His presidency will succeed, or fail, with the markets.
Stocks clawed their way back from a midday rout as banks surged and investors relaxed after the Treasury Secretary nomination hearing ended.
Stocks clawed their way back after paring earlier gains amid worries about the confirmation hearing of the Treasury Secretary nominee.
A few years ago, this kind of news would elicit hand wringing in Detroit, another round of "Detroit is Failing" headlines, and statements of false bravado from GM executives who often reacted with denial whenever the company slipped. Those days are gone.
General Motors sold fewer cars globally than Toyota last year, as the Japanese automaker passed the Detroit company for the first time.