Obama Admin Plans To Sell Car Shares As Soon As It Can
DETROIT — The federal government plans to sell its shares in General Motors Co. and Chrysler Group LLC as soon as it can, the head of the autos ...
DETROIT — The federal government plans to sell its shares in General Motors Co. and Chrysler Group LLC as soon as it can, the head of the autos ...
Diane Francis | Posted 08.24.2009 | Business
Cars are not longer just big business; companies have to build vehicles, but also be able to create multilateral partnerships which include workers, politicians, civil servants and investors.
AP | DAN STRUMPF | Posted 08.07.2009 | Business
NEW YORK — Automotive parts supplier Lear Corp. filed for bankruptcy protection on Tuesday after receiving support from lenders and bondholders ...
Reese Schonfeld | Posted 08.02.2009 | Politics
Our military procurement system is a mess. Our automobile industry is a mess. We might have helped both if we had gotten them to agree to build the next generation of military vehicles together.
Yahoo! Finance | Posted 07.11.2009 | Business
DETROIT (AP) -- Italian automaker Fiat says it has closed a deal to take over Chrysler's good assets, forming a new company and clearing the way for ...
Mike Smith | Posted 07.07.2009 | Business
Our clan was a GM Family. That is, until I bought an Acura and I have never looked back.
Seth Freed Wessler | Posted 07.05.2009 | Business
In the economy we've inherited from the last three decades of deregulation and declining union density, people of color are increasingly relegated to low-wage, precarious work that pays too little to support a family.
washingtonpost.com | Dana Hedgpeth | Posted 07.05.2009 | Business
Jack Fitzgerald, owner of nine Washington area dealerships -- seven of which are on the chopping block by General Motors and Chrysler -- left his head...
Don McNay | Posted 07.04.2009 | Business
I know I'll never forget that horrible sight, I guess I found out for myself that everyone was right. Won't come back from Dead Man's Curve. -Jan a...
nytimes.com | LOUIS UCHITELLE | Posted 07.04.2009 | Business
For nine years, the Strong brothers, Mark and Tim, made tools in their machine shop to maintain the giant presses that stamped steel sheets into fende...
The New York Observer | Max Abelson | Posted 07.02.2009 | Business
This week, Mr. Press' townhouse at 178 East 64th Street went on the market for $15.7 million--or $35,000 per month. "It wasn't appropriate. He bought ...
HuffingtonPost.com | Jeff Muskus | Posted 07.02.2009 | Business
Detroit couldn't be allowed to collapse. It was one of the very few things the Obama transition team and the outgoing Bush administration agreed on in...
Rev. Jesse Jackson | Posted 06.30.2009 | Business
Clearly, the hemorrhaging of jobs is outpacing the stimulus. We need a new, comprehensive strategy, a bailout plan that is connected directly to reinvesting in and reindustrializing America.
Yahoo! News | Emily Chasan | Posted 06.29.2009 | Business
NEW YORK (Reuters) -- Lee Iacocca, the car executive credited with saving Chrysler from bankruptcy in the 1980s, is to lose a big chunk of his pension...
AP | TOM KRISHER and KIMBERLY S. JOHNSON | Posted 06.29.2009 | Business
DETROIT — The speed at which General Motors Corp. exits bankruptcy protection would depend a lot on the shape the company is in when it enters. GM h...
bloomberg.com | Jonathan D. Salant and Justin Blum | Posted 06.28.2009 | Business
May 28 (Bloomberg) -- Steven Rattner, the Obama administration adviser trying to orchestrate a rescue of the U.S. auto industry, has a net worth of at...
Reuters | Emily Kaiser | Posted 06.27.2009 | Business
WASHINGTON (Reuters) - The U.S. housing bust and auto sector upheaval have left hundreds of thousands of workers looking for jobs in the same sectors,...
usnews.com | Rick Newman | Posted 06.27.2009 | Business
Before long, you'll be more likely to get an American-made car by buying an import brand instead of a Ford, General Motors, or Chrysler vehicle. New d...
nytimes.com | MICHELINE MAYNARD | Posted 06.26.2009 | Business
DETROIT -- The government will hold a large share of a restructured General Motors after the company emerges from bankruptcy protection, and will prov...
Yahoo! Finance | Emily Fredrix | Posted 06.26.2009 | Business
MILWAUKEE (AP) -- The clock is ticking on a June 1 deadline for General Motors Corp. to restructure, and this make-or-break week is expected to bring ...
nytimes.com | BILL VLASIC and NICK BUNKLEY | Posted 06.21.2009 | Business
Since 2006, G.M. has persuaded 60,000 of its hourly employees -- half of its union work force in the United States -- to take cash buyouts and give up...
AP | Posted 06.21.2009 | Business
NEW YORK — The Treasury Department is set to inject billions more dollars into GMAC Financial Services, according to media reports. The Wall Stre...
Diane Francis | Posted 06.20.2009 | Green
America finally has a smart leader, not a good old boy from Texas and his sidekick who were in the hip pockets of the Saudis and oil interests at home...
usnews.com | Rick Newman | Posted 06.19.2009 | Business
If General Motors declares bankruptcy, some of its investors--including bondholders, other secured lenders, and the U.S. government--are likely to get...
Wall Street Journal | BRETT ARENDS | Posted 06.18.2009 | Business
Chrysler and General Motors last week said they were closing nearly 2,000 dealerships across the country as part of their restructuring plans. And tha...
AP | KIMBERLY S. JOHNSON | Posted 08.27.2009 | Politics