DETROIT — Ford Motor Co. has offered buyout or retirement incentive packages to all of its 41,000 U.S. hourly workers as it tries to further red...
Leo W. Gerard | Posted 12.02.2009 | Business
Since precious few Americans, even those in the same political party, agree on how to realign America, a typecast smack down between CEOs and unionists might have begun when they met. But it didn't.
Steve Parker | Posted 11.30.2009 | Business
Roger Penske's failure will almost certainly result in Saturn's demise, and publicly, officially and finally ends the Roger Smith era at GM.
Murray Fromson | Posted 11.08.2009 | Entertainment
Not in many years has television given the American viewing public an example of as impressive a documentary as HBO did Monday evening with The Last Truck: the Closing of a GM Factory.
Jonathan Kim | Posted 08.14.2009 | Business
Instead of embracing the inevitable future of the auto industry, GM decided to be the #1 producer of dinosaurs.
Seth Freed Wessler | Posted 07.05.2009 | Business
In the economy we've inherited from the last three decades of deregulation and declining union density, people of color are increasingly relegated to low-wage, precarious work that pays too little to support a family.
The Progress Report | Posted 07.05.2009 | Business
Without the government financing its bankruptcy, GM "would have ended up in liquidation, shedding 60,000 hourly jobs instead of 20,000" and selling assets at firesale prices.
Michael Moore | Posted 07.02.2009 | Business
Let's be clear about this: The only way to save GM is to kill GM. Saving our precious industrial infrastructure, though, is another matter and must be a top priority.
Jill Schlesinger | Posted 06.27.2009 | Business
Will this bankruptcy be a good financial deal for the government? I doubt it. It's rarely profitable to dump money into a money-losing, moribund bureaucratic venture.
nytimes.com | MICHELINE MAYNARD | Posted 06.26.2009 | Business
DETROIT -- The government will hold a large share of a restructured General Motors after the company emerges from bankruptcy protection, and will prov...
nytimes.com | BILL VLASIC and NICK BUNKLEY | Posted 06.21.2009 | Business
Since 2006, G.M. has persuaded 60,000 of its hourly employees -- half of its union work force in the United States -- to take cash buyouts and give up...
bloomberg.com | Tom Moroney | Posted 06.20.2009 | Business
May 20 (Bloomberg) -- Jack Welch, former chief executive officer of General Electric Co., criticized the government- backed bankruptcy of Chrysler LLC...
Roger Hickey | Posted 06.17.2009 | Business
I want Barack Obama's plan to save the industry and revive manufacturing to succeed -- so I'm stepping up to do a small thing: I pledge that my next car will be made in the good old USA.
Mark Miller | Posted 06.12.2009 | Business
About three-quarters of Medicare beneficiaries have some kind of supplemental policy to help protect against potentially high out-of-pocket costs.
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."
Stuart Whatley | Posted 05.02.2009 | Politics
Surely there is nothing new about double standards in business and finance, especially in the current crisis. In fact, there may even be a rising double standard for what constitutes a double standard.
AP | Posted 05.01.2009 | Chicago
CHICAGO (AP) -- There is a bit of good news amid all the bad surrounding the auto industry. Officials of the United Auto Workers union say Ford Motor...
Leo W. Gerard | Posted 04.19.2009 | Business
AIG Chairman Edward M. Liddy gets the Creep of the Week award for his stunning, overwhelming, dumbfounding display of cluelessness.
Steve Parker | Posted 04.18.2009 | Business
Congress could throw hundreds of billions at GM, Ford and Chrysler -- but how could the results be any different from what we see now?'
AP | KIMBERLY S. JOHNSON | Posted 04.09.2009 | Home
DETROIT — Unionized workers at Ford Motor Co. have approved contract changes that include freezing wages and cutting benefits in a move aimed at...
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?
Reuters | Kevin Krolicki and Poornima Gupta | Posted 03.18.2009 | Business
Talks between the United Auto Workers and General Motors Corp central to a turnaround plan for the struggling automaker have broken down over the issu...
Scott Foval | Posted 01.25.2009 | Chicago
This holiday, please remember Janesville, Newton, Middle Amana and East Moline. These people are hurting, and we need to help our neighbors get through this.
Steve Parker | Posted 01.23.2009 | Business
Congress took a perverse pleasure in giving Detroit's CEOs and the UAW president the third degree -- unnecessary theater while our country suffers this economic decline.
Joan Blades | Posted 01.22.2009 | Business
Why not convert one third of the automakers' industrial capacity to building state-of-the-art wind generation? We need to be strategic in solving our economic and energy woes.
AP | TOM KRISHER | Posted 12.21.2009 | Business