Leaders of the United Auto Workers union ratified an agreement with General Motors that calls for raises for all workers.» Read More
It's been eight months since MSNBC and CBS Radio fired Don Imus, soon after he made an offensive comment and his advertisers went running. Monday morning at 6 am EST, he'll be back on the air now on WABC radio, which is owned by Citadel Broadcasting. You can bet that everyone and their grandmother will tune in Monday morning, even people who hate Imus, just because they're curious about what he'll say.
For General Motors, this is pretty darn good. No, let me amend that. This is really good. The automaker has three cars listed on Car and Driver's best of 2008. It's the only domestic automaker to get a car on the list. And most importantly, the new Chevy Malibu is among the 10 best according to Car and Driver.
Who'd have thunk it. Russia has become one of the hottest and fastest growing auto markets in the world. Now Chrysler wants a piece of the action and it may wind teaming up with a Russian automaker GAZ. Today in Michigan Chrysler executives and Michigan's governor are reportedly set to meet the president of GAZ to discuss the Russian automaker investing in the U.S.
As we wrap up this year, we are close to seeing U.S. auto sales fall to their lowest point in nine years. It has me wondering about what's spooking vehicle buyers? Is it the economy? Is this simply the natural ebb and flow of demand for new cars, trucks and SUV's?
General Motors will begin producing a hybrid car in China from next year, in time for the Beijing Olympics in August, the U.S. automaker said on Wednesday.
It's hard for me to find a more perplexing automaker than Volkswagen. Mainly because it is a brand and a company with so much potential, so much brand loyalty, and yet, from my perspective, it has not achieved what it should.
What one car would you drive if you had to get a model with a brand other than your favorite? Here are some of your responses.
U.S. finance company GMAC said on Wednesday it is exploring the sale of parts of its troubled mortgage-lending arm, Residential Capital LLC, and the purchase of a non-U.S. mortgage lender, which sources said was the UK's Northern Rock.
Distressed UK mortgage lender Northern Rock is an acquisition target of U.S. finance company GMAC, sources told Reuters.
In a year that has included two strikes, billions of dollars in losses, tens of thousands of layoffs, and more of the "Why can't the Big 3 get their act together" comments, there is reason to give thanks in Detroit (and no, it doesn't involve the Lions).
When I was walking around the Los Angeles Auto Show last week, I remarked to a friend of mine how impressed I am with Nissan's GT-R. I am usually not the type to geek out on the chance to drive a new car, but with the GT-R, I am.
Nearly 32 million Americans will take to the roads this week for the Thanksgiving holiday, seemingly undeterred by retail gasoline prices over $3 a gallon — a figure that is translating to $100 fill ups for some.
A $4 billion sale of loans being raised by automaker Chrysler following its takeover by buyout firm Cerberus has been indefinitely postponed, the Wall Street Journal reported.
U.S. private equity firm Cerberus has dropped plans to bid for Northern Rock, because of the continuing turmoil in the global financial markets, The Times reported. Its shares, which plunged more than 40 percent before recovering slightly, were suspended five times.
The question now is whether GM's new red tag sale is the prudent use of incentives to clear some inventory, or if it's a sign of things to come for the automakers struggling with flat sales? I think it's a one-time thing.
Forget about L.A. being tinsel town, and style capital. At this year's Los Angeles Auto Show the automakers are trying to wrap themselves in the "Green Leaf" of fuel efficiency. Ford announced a new sustainability plan that will include developing direct injection gas engines, lighter cars, and more hybrids.
Look for the investment banking powerhouse to take out its 52-week high, Cramer said. Just don't expect much more from the financials.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.
As I fly into the Los Angeles Auto Show, I'm wondering if this year's show and the slew of "green" models being rolled out will matter to people. Don't get me wrong, I think there is a growing appetite among buyers for hybrids and fuel cell cars. But the new models being introduced don't stand out.
I admit it, this is not what I expected when I landed in Dubai, United Arab Emirates. I didn't expect to travel halfway around the world to see first hand that the automaker in my back yard is highly regarded. Last night, I went to the GM Style showcase here in Dubai where stars and cars share the runway.
US stocks closed sharply lower Friday on an incessant stream of bad news in financials and technology that bled over into the rest of the market.