NEW YORK — GMAC Financial Services says Alvaro de Molina has stepped down as CEO, a surprise departure that comes as the troubled auto lender re...
AP | KEN THOMAS | Posted 11.16.2009 | Business
WASHINGTON — General Motors Co. will begin paying back $6.7 billion in U.S. government loans by the end of 2009 and could pay off that full amou...
John Wagner Givens | Posted 11.17.2009 | World
For cultural and historical reasons, China has relatively less experience in brand building, so the US currently seems to have a comparative advantage in internationally known brands.
bloomberg.com | Robert Schmidt | Posted 11.12.2009 | Business
Nov. 12 (Bloomberg) -- Neil Barofsky, the federal watchdog for the $700 billion financial industry bailout, said the program will "almost certainly" r...
AP | GEIR MOULSON | Posted 11.05.2009 | Business
BERLIN — General Motors Co.'s decision to scrap the sale of European subsidiary Opel raised new uncertainty Wednesday over the unit's future, as...
Posted 11.03.2009 | Business
A little more than a year after the financial crisis took hold, most of our 401Ks are still reeling. Since its peak in 2007, the Dow Jones Index is do...
AP | DEE-ANN DURBIN and TOM KRISHER | Posted 10.31.2009 | Business
DETROIT — Ford Motor Co. workers have overwhelmingly rejected contract changes that would have allowed the automaker to cut labor costs, leaving...
James P. Hoffa | Posted 10.31.2009 | Business
When it comes to carhaul drivers, automakers are failing to meet their end of the bailout bargain and taxpayers should hold them accountable.
AP | JIM KUHNHENN and ANNE FLAHERTY | Posted 11.02.2009 | Business
WASHINGTON — An Obama administration plan to dissolve large, struggling financial firms rather than bail them out is encountering Republican res...
Scott Burgess | Posted 10.28.2009 | Business
An interesting tidbit came out of a recent Consumer Reports study: The more money a consumer spends on a car does not translate into a more reliable vehicle.
New York Times | VIKAS BAJAJ | Posted 10.28.2009 | Business
What is indisputable is that as the whole automotive world seems to be racing suddenly toward the age of electricity, the Reva Electric Car Company is...
Wall Street Journal | DAVID ENRICH and DEBORAH SOLOMON | Posted 10.28.2009 | Business
Treasury Department pay czar Kenneth Feinberg last week announced sharp cuts in total compensation at the finance and auto companies under his control...
Wall Street Journal | DAN FITZPATRICK and DAMIAN PALETTA | Posted 10.28.2009 | Business
The U.S. government is likely to inject $2.8 billion to $5.6 billion of capital into the Detroit company, on top of the $12.5 billion that GMAC has re...
Michael B. Laskoff | Posted 10.30.2009 | Politics
Phase III: Obama Strikes Back. The Republicans are still leaderless and teabaggers have hung up their Lipton for the winter. Meanwhile, two-thirds of Americans still want health care reform.
Nancy Cronk | Posted 10.16.2009 | Living
Raising a big family was tough for my parents. Feeding eleven people on an auto-workers income meant everything my parents did required effort and creativity.
A. Haag Sherman | Posted 10.14.2009 | Politics
By re-sizing our Medicare system to one we can afford, America can avoid the fate of GM and maintain its competitive position for decades to come.
Michael Shermer | Posted 10.12.2009 | Politics
In Michael Moore's worldview, a goodly portion of the American people are ignorant, uneducated, clueless pinheads too stupid to realize the fundamental principle of a loan.
AP | TOM KRISHER | Posted 10.09.2009 | Business
DETROIT — Hummer, the off-road vehicle that once epitomized America's love for hulking trucks, is now in the hands of a Chinese heavy equipment ...
Joel Epstein | Posted 10.09.2009 | Business
According to a recent report the number of millionaire households around the world fell from around 11 million in 2007 to 9 million last year. The only region going the other way -- Latin America.
Dan Siegel | Posted 10.06.2009 | Entertainment
With the glimmering hope of the Obama campaign behind us, Moore's film is a wake-up call to renew and expand America's democratic promise.
AP | KIMBERLY S. JOHNSON | Posted 09.30.2009 | Business
DETROIT — General Motors Co. said Wednesday it would shut down its Saturn brand after an agreement with Penske Automotive Group Inc. to acquire ...
AP | TOM KRISHER | Posted 11.22.2009 | Business
DETROIT — General Motors Co. will go to 24-hour operations at factories in Kansas, Michigan and Indiana to handle an expected increase in demand and...
Click On Detroit | Posted 11.21.2009 | Entertainment
DETROIT -- Controversial Michigan filmmaker Michael Moore was escorted out of the General Motors headquarters building in Detroit 20 years ago while f...
The Huffington Post | Posted 11.13.2009 | Business
When poor lending practices brought the world's biggest banks and AIG to their knees, Washington delivered hundreds of billions in financial lifelines...
Terry Gardner | Posted 11.12.2009 | Green
What good is a business's bottom line if we end up with air we can see and chew?
AP | DAN STRUMPF | Posted 11.17.2009 | Business