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Mar
30th

GM delays Hummer decision while assessing potential bids

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General Motors is postponing a decision on the fate of its Hummer brand for a "few weeks" as it works to complete a sale. Full story...
Mar
30th

GM delays Hummer decision, assesses bids

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General Motors is postponing a decision on the fate of its Hummer brand for a "few weeks" as it works to complete a sale. Full story...
Mar
30th

‘Surgical’ bankruptcy possible for GM and Chrysler

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Senior White House officials today said the federal government could help General Motors and Chrysler LLC through quick bankruptcies if the automakers are unable to restructure successfully outside of court. Full story...
Mar
30th

‘Surgical’ bankruptcy possible for GM and Chrysler, White House says

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Senior White House officials today said the federal government could help General Motors and Chrysler LLC through quick bankruptcies if the automakers are unable to restructure successfully outside of court. Full story...
Mar
30th

Frustrated Americans cheer Obama’s tough auto moves

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Some frustrated U.S. taxpayers cheered President Barack Obama's tough steps to shore up the reeling auto industry today, but critics called his decision to fire General Motors' chief a heavy-handed power grab. Full story...
Mar
30th

Levin sees a ‘stark choice’ for GM bondholders

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General Motors' bondholders are going to have to make concessions or face the prospect of the automaker's bankruptcy, U.S. Sen. Carl Levin, D-Mich., said today. Full story...
Mar
30th

Ford’s China boss retires April 1

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Ford Motor Co.'s leader in China is retiring. Mei-Wei Cheng, 59, will step down April 1 from his position as group vice president and Ford China executive chairman. Full story...
Mar
30th

Ampera boost for UK

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Vauxhall shapes up family car for the next decade with dramatic looks and cutting-edge tech.


Full story...
Mar
30th

Task force cites 5 key flaws in GM’s viability plan

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President Barack Obama's auto task force says General Motors will be hard-pressed to meet its projections in five key areas without dramatically restructuring the company. In response to the viability plan GM submitted Feb. Full story...
Mar
30th

GM concedes scenarios could include bankruptcy

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General Motors executives say they will work "around the clock" to meet the requirements that President Barack Obama's task force has set forth. But GM officially acknowledged today that it could end up filing for bankruptcy protection. Full story...
Mar
30th

U.S. will guarantee GM, Chrysler warranties, Obama says:

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In a bid to boost flagging auto sales, the federal government will pay for any warranty repairs on a General Motors or Chrysler vehicle if either company can't because of financial problems or a bankruptcy filing, President Barack Obama said on... Full story...
Mar
30th

Russian dealer group Rolf dumps Peugeot

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Russia's largest dealer of foreign cars, Rolf Group, will stop selling Peugeot vehicles and has stopped a planned merger with Helsinki-based Avelon Group amid a sharp slump in demand, its chief executive said. Full story...
Mar
30th

GM, auto shares plunge after Obama unveils auto plans

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General Motors' shares tumbled more than 25 percent today after the U.S. government rejected its multibillion-dollar rescue plea and warned bankruptcy might be the best path for GM to restructure. Full story...
Mar
30th

2009 Dodge Challenger gets new Rallye package:

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It’s a stripper car with stripes, but the Rallye package offers Mopar enthusiasts some moxie on the base Challenger. Full story...
Mar
30th

Closed Ford plant becomes lot for unsold Hondas

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As auto sales collapsed, not even Honda could tap the brakes on its North American production fast enough to prevent a huge backlog of unsold cars from piling up. About 5,000 Hondas are parked at Ford Motor Co.' Full story...
Mar
30th

Closed Ford plant gets new job as Honda parking lot

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As auto sales collapsed, not even Honda could tap the brakes on its North American production fast enough to prevent a huge backlog of unsold cars from piling up. About 5,000 Hondas are parked at Ford Motor Co.' Full story...
Mar
30th

Shuttered Ford plant gets new role as parking lot for unsold Hondas

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As auto sales collapsed, not even Honda could tap the brakes on its North American production fast enough to prevent a huge backlog of unsold cars from piling up. About 5,000 Hondas are parked at Ford Motor Co.' Full story...
Mar
30th

Chrysler says it has deal with Fiat on global alliance

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Chrysler LLC says it has agreed on terms of a formal alliance with Fiat S.p.A. and Chrysler's majority owner, Cerberus Capital Management LP. The U.S. Treasury Department supports the agreement, Chrysler said today in a statement. Full story...
Mar
30th

France curbs perks for companies receiving state aid

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French banks and automakers that have benefited from government bailouts in the economic crisis will have to scrap stock option grants until at least the end of next year, Prime Minister Francois Fillon said today. Full story...
Mar
30th

Chrysler backs off announcement of Fiat alliance

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Chrysler LLC has backed off its own statement announcing an alliance with Fiat S.p.A., saying the potential partners have only a "framework" accord. Full story...
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