What Really Happened? Penske Drops Saturn bid; GM Says Division Doomed
Roger Penske's failure will almost certainly result in Saturn's demise, and publicly, officially and finally ends the Roger Smith era at GM.
Roger Penske's failure will almost certainly result in Saturn's demise, and publicly, officially and finally ends the Roger Smith era at GM.
Steve Parker | Posted 09.24.2009 | Business
I like the fact that GM, having suffered from a terrible inferiority complex for the past 20 years (often based, in truth, on some pretty bad product) seems, at least for its latest commercial, to have gotten some guts back.
Steve Parker | Posted 09.13.2009 | Business
Another "Hail Mary" from GM? Or the real thing? Starting today and running through November, General Motors is offering buyers of their Core Four bra...
Steve Parker | Posted 09.27.2009 | Business
The CARS law is officially over, but dealers are offering their own versions of the "clunker" program.
Steve Parker | Posted 08.15.2009 | Business
GM doesn't have the kind of partnership and help which Chrysler will be getting from Fiat and Washington is on-hand only to protect the public's huge investment in the company.
AP | TOM KRISHER | Posted 07.23.2009 | Business
DETROIT — Former Chrysler CEO Lee Iacocca has some advice for the people who are running his old company, and those who will lead the new Genera...
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...
Mitchell Beer | Posted 06.18.2009 | Living
When free-market alarmists who oppose U.S. health care reform storm Congress with their horror stories about Canada's public health insurance system, I don't know which system they're talking about.
Steve Parker | Posted 05.31.2009 | Business
Obama talked his usual great game of absolute confidence at the end of his announcement this morning, telling the country, "If you're going to buy a new car, buy an American car."
Christine Pelosi | Posted 03.13.2009 | Politics
Is there really no way to ensure a single standard for Wall Street and Main Street? Are there really no CEOs willing to serve as Lee Iacocca did?
Bloomberg | John Hughes and Katie Merx | Posted 02.14.2009 | Business
Jan. 14 (Bloomberg) -- Steven Rattner, who may become the U.S. car czar, would bring with him the financial savvy amassed during almost 25 years of d...
The Huffington Post | Nour Akkad | Posted 01.10.2009 | Business
President Bush and the Congressional democrats have reached an agreement to send $14 million in emergency loans to the struggling auto manufacturers b...
AP | Posted 01.09.2009 | Business
DETROIT — Lee Iacocca, the man who led Chrysler through a government bailout in the late 1970s, says the CEOs of Detroit's automakers should not...
Steve Parker | Posted 12.30.2008 | Business
How anxious are the Detroit Three carmakers to make sales? My wife and I were at the Los Angeles Auto Show last night, "Black Friday," at the Los Ang...
Steve Parker | Posted 11.21.2008 | Business
There's good news, bad news and -- finally -- some smart, encouraging news by and for American drivers.
Steve Parker | Posted 10.26.2008 | Business
Three major events involving the world of cars, politics and finance, both in the US and abroad. First, Automotive News reports, "Automakers and supp...
Page Six | Posted 03.28.2008 | Politics
Lee Iacocca is no fan of President Bush. "I campaigned for him because I knew his mother and dad for 30 years, and I figured he was from pretty good s...
Steve Parker | Posted 10.01.2009 | Business