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DETROIT — At Ford Motor Co. they called it "Blue," a team set up around the year 2000 to design an array of small, fuel-efficient cars to compete with the Japanese. ...more
November 8, 2008
The nation's unemployment rate is at a 14-year high, General Motors reported a massive third-quarter loss and says it may run out of cash next year, and Ford is planning more job cuts after burning through billions of its own. ...more
November 8, 2008
The auto industry is preparing to report another month of rapidly slowing sales - possibly the worst in decades - as the same toxic combination of the credit crunch and the careening economy continue to keep consumers away from dealerships. ...more
November 1, 2008
Chrysler LLC, whose owner has been in talks to sell the automaker to General Motors Corp., said Friday that it will cut 25 percent of its salaried work force starting next month and warned that it will make more restructuring announcements soon. ...more
October 25, 2008
Chrysler LLC could be sold in pieces to other companies as its majority shareholder Cerberus Capital Management LP seeks to exit the auto business, said a person briefed on discussions. ...more
October 23, 2008
As bank-to-bank lending rates gradually slide lower, the credit climate is looking a bit brighter - at least for stronger companies. ...more
October 21, 2008
General Motors Corp.'s efforts to hoard cash and outlast a prolonged economic slump claimed the jobs of more than 2,700 workers Monday as the automaker announced the demise of factories in Michigan and Wisconsin. ...more
October 15, 2008
The chief executive of Chrysler LLC said Monday that his company hasn't reached any new deals with other automakers but has spoken with outside parties interested in working with the Dodge and Jeep maker. ...more
October 14, 2008
General Motors Corp. shares hit their lowest price since 1949 in the opening minutes of trading Friday as financial turmoil and a weakening global auto market heightened worries that the automaker may be unable to pull out of its nosedive before it runs out of cash. ...more
October 10, 2008
NEW YORK - The Dow Jones industrials have fallen below the 9,000 mark, hurt by a steep decline in shares of General Motors Corp. The blue chip index is extending its selling to a seventh straight day Thursday as investors grapple with worries about the credit markets and the economy. ...more
October 9, 2008
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