Gm

Ford Sales Down 15% In 2009; Chrysler Reports Worst Year In 4 Decades

AP | TOM KRISHER and DEE-ANN DURBIN | Posted 01.05.2010 | Business


DETROIT — Automakers in the U.S. ended their worst year in almost three decades with hints of a recovery in December. Many, especially those se...

A Government Takeover of the Government

B. Jeffrey Madoff | Posted 12.31.2009 | Politics


B. Jeffrey Madoff

As we had our holiday dinner together, my kids asked me why billions can be spent on an expanding war, bailing out the auto industry and the banks, but when it comes to health care, people are afraid of a "government takeover."

Dear Fellow Owners

Pat Choate | Posted 12.31.2009 | Business


Pat Choate

I never wanted to own part of a bank, insurance company, or automaker. But now I do. If you are a U.S. citizen, you do too.

Under Stimulated: Building Trains and Other Stuff We Need Rather Than What Wall Street Dictates

Joel Epstein | Posted 12.25.2009 | Los Angeles


Joel Epstein

I'm making real investment in fast trains that run where people live and want to go my wish for the New Year.

A Holiday Wish List That No One Should Fulfill

Gary Shapiro | Posted 12.17.2009 | Business


Gary Shapiro

Here are the "top ten" things our government could do in 2010 to reverse our nascent economic recovery. Of course, it shouldn't do any of these things - but its record causes me grave concern.

GM CEO: We'll Repay The Government By The End Of June

AP | TOM KRISHER | Posted 12.15.2009 | Business


DETROIT — At his first meeting with General Motors' top executives after being named chairman last summer, Edward Whitacre Jr. candidly, perhaps...

Ron Bloom: Obama's Manufacturing Czar, 'The Proletarian Schlub' Charged With Saving American Jobs

The New Republic | Noam Scheiber | Posted 12.08.2009 | Business


A few weeks after the 2008 presidential election, United Steelworkers President Leo Gerard got a call from an Obama transition aide frantic for advice...

LA Auto Show: Green and Smaller Could Mean Big Profits for Automakers

Michael Rose | Posted 12.07.2009 | Los Angeles


Michael Rose

Companies that have earned enormous profits selling giant trucks and SUVs are in the process of re-branding themselves as responsible corporate citizens with an obligation to society.

GM, Chrysler Reconsider Thousands Of Dealership Closings

AP | STEPHEN MANNING | Posted 12.04.2009 | Business


WASHINGTON — General Motors Co. and Chrysler will reconsider decisions to close thousands of dealerships as part of a compromise meant to stave ...

Chevy Volt DETAILS: Hybrid Car Will Go On Sale In California Next Year

AP | Posted 12.02.2009 | Business


LOS ANGELES — General Motors says the Chevrolet Volt electric car will go on sale late next year in California. GM said Wednesday at the Los An...

Did GM CEO Fritz Henderson's Daughter, Sarah Henderson, Rant On Facebook?

Posted 12.02.2009 | Business


Did the daughter of GM's resigned CEO Fritz Henderson write an incendiary message on the company's Facebook fan page, trash-talking the automaker's ch...

GM CEO Fritz Henderson To Resign: AP Source (BREAKING)

AP | TOM KRISHER and KEN THOMAS | Posted 12.02.2009 | Business


DETROIT — GM's board and CEO Fritz Henderson parted ways Tuesday, the board upset that the automaker was changing too slowly and Henderson frust...

Detroit Needs Housing Rebound To Spur Pickup Sales

AP | TOM KRISHER | Posted 11.29.2009 | Business


DETROIT — At Kevin Haner's construction company in Las Vegas, three of the four Dodge Ram pickup trucks are starting to get a little old. He may...

GM's Saab Sale CANCELED: Swedish Buyer Steps Out

AP | TOM KRISHER and DEE-ANN DURBIN | Posted 11.25.2009 | Business


DETROIT — A deal for General Motors Co. to sell Saab to a specialty carmaker has collapsed, leaving the storied Swedish brand born from jets in ...

Faced With Strong Banks And Weak Credit Markets, Treasury May Be Rethinking TARP

AP | JIM KUHNHENN | Posted 11.24.2009 | Business


WASHINGTON — Big banks are roaring back. At crisis' edge last year, they are repaying billions of dollars dumped into their vaults to rescue th...

China Buys Hummer Brand -- Further Evidence of a Shock Doctrine-Assaulted America?

Rob Kall | Posted 11.23.2009 | Business


Rob Kall

We have to wonder if the US had taken Hummer, especially with its dependence on the military version, and turned it into a government-owned operation, would the US benefit?

GMAC CEO Alvaro de Molina Steps Down

AP | DAN STRUMPF | Posted 11.17.2009 | Business


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...

GM To Begin Repaying Aid By Year-End

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...

Ford, GM, IBM and China: A Match Made in the Han Dynasty

John Wagner Givens | Posted 11.17.2009 | World


John Wagner Givens

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.

Neil Barofsky, TARP Watchdog: Bailout Will 'Almost Certainly' Result In Loss For Taxpayers

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...

GM & Opel Unit: Anger And Confusion Over GM's Decision Not To Sell European Operation

AP | GEIR MOULSON | Posted 11.05.2009 | Business

Read More: Gm, Business News

BERLIN — General Motors Co.'s decision to scrap the sale of European subsidiary Opel raised new uncertainty Wednesday over the unit's future, as...

7 Huge Corporations That Have Seen Their Valuations Plummet (PHOTOS)

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...

Ford Workers Reject Contract changes

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...

Slicing and Dicing at GM and Chrysler

James P. Hoffa | Posted 10.31.2009 | Business


James P. Hoffa

When it comes to carhaul drivers, automakers are failing to meet their end of the bailout bargain and taxpayers should hold them accountable.

Geithner Testimony: New "Too Big To Fail" Legislation Won't Lead To More Bailouts

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...