In a country where owning a car has long been a symbol of luxury and success, around 85 percent of Chinese car buyers still buy cars with cash.
Michigan's AG filed felony racketeering and fraud claims against Chesapeake Energy, alleging the firm canceled land leases under false pretenses.
Ford says it will buy back up to about 116 million shares of company stock worth about $1.8 billion.
In a rare example of a major carmaker making a smooth leadership transition, Ford has tabbed COO Mark Fields to succeed Alan Mulally as CEO.
A report released Wednesday said one-third of people who signed up for health insurance through new federal exchanges hadn't paid their first month's premium.
The $11.2 billion loss includes a write-off in March of the government's remaining $826 million investment in 'old' GM, a Treasury watchdog said.
Here are five things to know about driverless cars, and their future.
Google says it has turned a corner in its pursuit of a car that can drive itself.
Former GM CEO Dan Akerson's compensation fell 18 percent last year to just over $9 million, which the firm said was due to the timing of stock awards.
CNBC's Eamon Javers reports the Supreme Court is upholding Michigan's ban on affirmative action.
Mazda is recalling 109,000 SUVs in the U.S. to address potential rusting frame parts in cold-weather states where road salt is heavily used in the winter.
General Motors waited years to recall nearly 335,000 Saturn Ions for power steering failures despite getting thousands of consumer complaints
The Supreme Court declined to hear the different parties in a dispute over a mine in Mich., which will be an extraction site for nickel and copper.
Marketwired, which publishes and distributes corporate earnings, said it will no longer sell them to high-frequency trading companies.
Few who have followed the Caribbean island's financial troubles doubt that a massive restructuring is in its future.
The Michigan Democrat is the former chairman of the House Energy and Commerce Committee and has been a staunch advocate for the auto industry.
The attacks on the blueprint unveiled Friday mark the start of the kind of litigious, acrimonious battle city officials are hoping to avoid.
CNBC's Scott Cohn reports from aboard the USCGC Hollyhock where the U.S. Coast Guard is trying to crush the ice in the Great Lakes.
The White House is not considering a financial bailout for Puerto Rico, an Obama administration official says.
GM will pay the first quarterly dividend on its common stock in almost six years, marking another step in the automaker's recovery from bankruptcy.