A bankruptcy judge on Tuesday ruled that GMAC Financial Services can become Chrysler's preferred lender, potentially sending a slew of new business to the financing company and ensuring that Chrysler's dealers will have access to the loans they need to stay in business.
As Americans prune their expenses because of the relentless recession, the family vacation is taking a hit. A third of those surveyed in an AP-Gfk Poll released Monday said they had already canceled at least one trip this year because of money.
It's kind of like watching a car crash. You know it's sad. You know it's awful. But you can't stop looking at it. I'm not trying to be trivial about the plunge in GM shares this week.
Even as Sergio Marchionne, the chief executive of Fiat, is considered a potential savior for Chrysler in the United States, German politicians, executives and union bosses are casting a more skeptical eye on his bid for Opel and the rest of General Motors’ European operations.
Looking to buy a new car? There may never be a better time than right now.
For months we've all heard the warnings. If GM and Chrysler go bankrupt it will trigger a host of other bankruptcies from suppliers to dealers.
Global stocks were mostly higher Tuesday as expectations grew that the worst may be over for the global economy. Experts interviewed by CNBC consider whether the expectations are founded.
Stocks shed 1.8 percent Monday as investors took a breather after last week's run. The Nasdaq's drop was less severe as techs gained.
NOT SEEN ON T.V.: Stroll onto any car dealership in the country right now and you might as well be walking onto the set of ‘Let’s Make a Deal.’
What if Americans could buy cigarettes but were banned from growing tobacco? Buy bread but not allowed to grow wheat? That is the case with industrial hemp, a product in everything from car doors to milk...legally.
Stocks retreated Monday as investors took a breather after last week's run. The Dow was down over 100 points in the first few minutes of trading as banks declined.
Following last week's gains, stock index futures indicated a lower open for the stocks Monday as investors remained concerned about the health of the financial system as the stress-test hype wears off.
Global stocks took a break Monday after a successful week of gains. Investors remain uncertain if the global economy is showing signs of recovery or signs of further deterioration. Experts give CNBC their predictions.
The group of dissident Chrysler bond holders challenging Chrysler's government-backed restructuring plans, said Friday that it is dropping its court fight.
Gotham Dream Cars offers a range of products, from exotic rentals and club memberships, to the increasingly popular "Dream Car" tours. Here's how this lucrative, high-end business operates.
Published reports that Cerberus Capital Management is leading the charge for more governments funds to bail out GMAC are completely wrong, a source tells CNBC.
The fact Toyota posted it's first annual loss in 75 years is not surprising- almost every auto maker lost money this year. The fact this company lost $6.9 Billion in the quarter ending this March is staggering, but not so out of line that people are shocked. What is surprising is Toyota CEO Katsuaki Watanabe telling reporters in Tokyo his company was "lacking in the scope and speed of dealing with various issues."
It looks as if one more bank needs a bailout. And, four months ago, this bank was not even a bank. The company is GMAC, the onetime finance arm of General Motors, which itself seems to be hurtling toward bankruptcy.
The closely-watched US jobs report is due later on Friday, after results of stress tests late on Thursday revealed that ten banks need to raise up to $75 billion in fresh capital.
When you burn through $113 Million every day, it seems ludicrous to say that the quarter turned out a little better than expected. Equally disturbing is the fact few will seem phased by the fact spent $113 Million more than it took in every single day of the first quarter.