General Motors is dropping Chevy as its No. 1 brand for mass-market vehicles in Europe and is making Opel its primary mainstream line.» Read More
The United Auto Workers union has rejected a new "comprehensive proposal" from bankrupt auto parts supplier Delphi , UAW Vice President Cal Rapson said on Wednesday, calling the offer "pathetic."
General Motors will not make a first-round bid for DaimlerChrysler's Chrysler unit, leaving just private equity firms and an auto parts supplier in the running, the Times reported on Wednesday.
Gettelfinger said the UAW would fight at the bargaining table, in the courts, politically and "if need be on the picket line."
DaimlerChrysler shares were trading higher Tuesday following several media reports that said private-equity bids for Chrysler could come in as early as this Thursday.
The chief executives of the Big Three auto makers told President Bush they will work with the administration to cut oil consumption by 20% over the next ten years, CNBC's Scott Cohn reported.
Shares of General Motors, which surged last year on early turnaround indications, could stall now as the automaker comes to terms with sliding market share and continued cash burn, according to analysts.
Chief Execs of the Big Three automakers headed to the White House today to discuss the latest advances in alternative fuel technology with President Bush. Their focus: Bush’s support for alternative fuel vehicles and his plan to cut gas consumption by 20% in ten years.
DaimlerChrysler shares gained sharply on Friday on speculation that the German automaker could be nearing a deal to sell struggling U.S. unit Chrysler.
After a stellar week for Wall Street, investors this week face a barrage of economic data, testimony from Fed Chairman Ben Bernanke and a worrisome war of words with Iran.
Toyota Motor is creating U.S. jobs, making friends in Washington and leading in fuel-saving technology, yet will not be at the table when President George W. Bush meets major automakers to talk energy policy on Monday
Cramer coaches viewers on whether to dump Altria after the spinoff, how to use the Dean Foods dividend to make money, and what alternative fuels mean for the struggling automakers - and for struggling Americans.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
For the first time since 2003, General Motors is giving bonuses in the form of stock to Chairman and Chief Executive Rick Wagoner and other top executives.
President George W. Bush will meet next week with the chief executives from Detroit's largest automakers, the White House said on Wednesday.
President Bush will tour two factories today where GM and Ford make hybrid vehicles. His visit to the Kansas City auto plants is the first of his presidency to domestic auto factories and is also an effort to improve relationships with Detroit’s Big Three after a tumultuous year. Their troubles are having a significant economic ripple effect on the city the automakers call home. CNBC’s Mike Huckman went to Detroit to check on the struggling city.
Employee members of DaimlerChrysler's supervisory board plan to oppose a sale of Chrysler Group to a private equity firm that would lead to a breakup of the automaker, according to published reports.
There's a tough guy in town and he's lookin' to mix it up. We're talking about Herb Greenberg, and he's got a wrong to right with each of our guys. Forget Ali vs. Frasier or even Rosie vs. The Donald - those were just skirmishes. What follows is a true “Street Fight.”
Give General Motors credit. It's trying, it really is. But with mediocre auto sales, the company is bringing back zero percent financing in order to goose springtime sales.
The world's largest automaker said its obligation for post-retirement health care and other benefits was $68 billion at the end of last year and could grow on a global basis.
General Motors' internal controls on financial reporting are "currently ineffective," the automaker said in a regulatory filing on Thursday.
Stocks finished higher after a wild trading session that took the Dow briefly below 12,000 and saw major indices reverse deep losses. "The markets have been wanting to go to certain levels and they took it down there and then boom, everyone came in and bought the market and we were off to the races," said Todd Leone, head of listed trading at Cowen.