Ford Sales Down 15% In 2009; Chrysler Reports Worst Year In 4 Decades
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...
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...
B. Jeffrey Madoff | Posted 12.31.2009 | Politics
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."
Pat Choate | Posted 12.31.2009 | Business
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.
Joel Epstein | Posted 12.25.2009 | Los Angeles
I'm making real investment in fast trains that run where people live and want to go my wish for the New Year.
Gary Shapiro | Posted 12.17.2009 | Business
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.
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...
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...
Michael Rose | Posted 12.07.2009 | Los Angeles
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.
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 ...
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...
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...
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...
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...
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 ...
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...
Rob Kall | Posted 11.23.2009 | Business
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?
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...
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...
AP | TOM KRISHER and DEE-ANN DURBIN | Posted 01.05.2010 | Business