GMAC Financial Services is extending through May a policy that allows dealers to avoid making certain payments on aging inventory. GMAC had suspended dealers' so-called curtailment payments in April.
Full story...
The death of the Saturn brand won't slow down the roll-out of General Motors' plug-in hybrid powertrain, Tom Stephens, vice president of GM's global product development said today.
Full story...
A small group of Chrysler LLC's lenders on Tuesday raised further objections to the Obama administration's plan for a quick dash through bankruptcy and called on the judge overseeing the case to block the effort.
Full story...
Ford Motor Co. is looking at making a $400 million investment in its Michigan Assembly Plant and a related stamping operation in Wayne, Mich., aided by some $159 million in state tax assistance approved today.
Full story...
Denny Hecker has been ordered to pay Ford Motor Co. $3.15 million by a federal judge in Minnesota, a spokesman for the dealer confirmed today. The Ford ruling in U.S. District Court follows last week's $476.
Full story...
A looming General Motors bankruptcy won't deter bondholders from pressing ahead with demands for more favorable treatment in the automaker's restructuring, an adviser for the creditors said.
Full story...
Chrysler LLC said its operations outside the United States won't be affected by its bankruptcy filing or its planned alliance with Fiat S.p.A.
Full story...
Chrysler LLC said its operations outside the United States won't be affected by its bankruptcy filing or its planned alliance with Fiat S.p.A.
Full story...
The UAW is calling on the U.S. government to reject General Motors' latest restructuring plan, saying it would cut U.S. factory jobs and clear the way for increased imports from plants in Mexico, Korea and China.
Full story...
Ford's purchasing department has sent a memo to major Ford suppliers following Chrysler's Chapter 11 filing last week amid concerns over the wider impact of Chrysler's bankruptcy and production halt on the North American supplier industry generally.
Full story...
Democratic lawmakers have proposed a cash-for-guzzlers bill that would provide vouchers of up to $4,500 to people who trade in cars and trucks for new, more fuel-efficient vehicles, Rep. John Dingell said.
Full story...
WASHINGTON -- Democratic lawmakers have proposed a cash-for-guzzlers bill that would provide vouchers of up to $4,500 to people who trade in cars and trucks for new, more fuel-efficient vehicles, Rep. John Dingell said.
Full story...
WASHINGTON -- Democratic lawmakers have proposed a cash-for-guzzlers bill that would provide vouchers of up to $4,500 to people who trade in cars and trucks for new, more fuel-efficient vehicles, Rep. John Dingell said.
Full story...
In today's News Brake: In an exclusive interview, GM CEO Fritz Henderson talks about the future of the Corvette; Chrysler says its 2010 models will be delayed; and Roger Penske is gazing at Saturn ... But Wait, There's More!
Full story...
Chrysler operations outside North America would not be affected by the bankruptcy filing in the US or the planned alliance with Fiat, a senior executive said on Tuesday.
Full story...
DUBAI (Reuters) -- U.S. automaker Chrysler said on Tuesday its organization outside North America would not be affected by a bankruptcy filing at home or its planned alliance with Fiat S.p.A.
Full story...
DUBAI (Reuters) -- U.S. automaker Chrysler said on Tuesday its organization outside North America would not be affected by a bankruptcy filing at home or its planned alliance with Fiat S.p.A.
Full story...
U.S. automaker Chrysler said on Tuesday its organization outside North America would not be affected by a bankruptcy filing at home or its planned alliance with Fiat S.p.A.
Full story...
Supplier Federal-Mogul Corp. cut 2,500 jobs in the first quarter while the auto supplier widened its net loss and saw revenue drop 33 percent.
Full story...