UPDATED -- A spokesperson for GMAC responded to this story and said that the increase in Al de Molina's compensation in 2008 was a result of to him be...
Steve Parker | Posted 03.21.2009 | Business
Incidentally, GM got another $4 billion Tuesday after turning in their plan. Were you ever rewarded that much just for doing your homework?
Dennis O'Brien | Posted 02.09.2009 | Business
As a completely unregulated private equity partnership, Cerberus has no public reporting requirements. In fact, they are now refusing to disclose their finances even after the bailout.
Steve Parker | Posted 02.07.2009 | Business
With economists predicting a rough 2009, 2010 and maybe even 2011, there's not much chance of '09 and '10 car sales reaching even 2008's miserable 13.1 million.
Steve Parker | Posted 02.06.2009 | Business
Monday brought three conference calls, each about an hour, with executives from each of the Detroit Three announcing, dissecting and, most of all, spi...
AP | CHRISTOPHER S. RUGABER | Posted 01.29.2009 | Business
WASHINGTON — The Treasury Department said Monday that it will provide $5 billion to GMAC Financial Services LLC, the ailing financing arm of Gen...
Steve Parker | Posted 01.24.2009 | Business
Really wish there were better news to post about, but the auto industry is reeling worldwide, and there's no better example than Toyota.
AP | MARTIN CRUTSINGER | Posted 01.24.2009 | Business
WASHINGTON — The Federal Reserve gave an early Christmas present to General Motors' finance arm, allowing the ailing provider of auto loans to q...
The Huffington Post | Ryan McCarthy | Posted 07.11.2009 | Business