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Ford, the only Detroit automaker to dodge direct government aid and bankruptcy court, surprised investors with net income of nearly $1 billion in the third quarter and forecast a "solidly profitable" 2011. ...more
November 3, 2009
The path is now clear for General Motors Corp. to leave bankruptcy protection in record time as a leaner company that is better equipped to compete in a brutal global auto market. ...more
July 10, 2009
The number of newly laid-off workers filing initial claims for jobless benefits last week fell to lowest level since early January, largely because of the auto industry. ...more
July 10, 2009
Saab Automobile, General Motors Corp.'s struggling Swedish unit known for its family cars, was rescued Tuesday by a consortium led by Koenigsegg Automotive AB, a tiny company that produces only a dozen custom-made super cars a year. ...more
June 17, 2009
General Motors Corp. says the former chairman and CEO of AT&T Inc. will become the chairman of the reorganized automaker later this summer. ...more
June 9, 2009
General Motors Corp. told its dealers Tuesday that it will force 1,000 to 1,200 underperforming locations to close their doors as the automaker tries to thin dealer ranks to make the remaining outlets more profitable. ...more
April 29, 2009
"The better the villain," Alfred Hitchcock said, "the better the movie." And in the epic production that is the United States of America, we have followed that advice since the earliest settlers landed. For every hero the American story factory produces, a vivid new villain comes off the assembly line in short order. ...more
April 2, 2009
Ford Motor Co.'s U.S. sales fell nearly 41 percent in March, as low consumer confidence and job uncertainty continued to keep buyers away from showrooms. ...more
April 1, 2009
Last year Kevin McNellis was trying to sell Buicks, Hyundais and GMC trucks in Elkhart, Ind. ...more
April 1, 2009
Ford Motor Co. and General Motors Corp. are offering payment protection plans to help reassure consumers who may be putting off buying a new car because of worries about losing their job. ...more
March 31, 2009
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