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.
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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.
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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.
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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.
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Vauxhall shapes up family car for the next decade with dramatic looks and cutting-edge tech.
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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.
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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.
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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...
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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.
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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.
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Its a stripper car with stripes, but the Rallye package offers Mopar enthusiasts some moxie on the base Challenger.
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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.'
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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.'
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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.'
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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.
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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.
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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.
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Chrysler LLC recast its own statement announcing an alliance with Fiat S.p.A., saying the potential partners have a "framework" accord.
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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.
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The government's Board of Investments (BoI) may allow Ford Group Philippines to retain its import privileges even if the firm does not meet a required export volume by April in light of the economic downturn, an official has said.
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