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President Barack Obama asserted unprecedented government control over the auto industry Monday, rejecting turnaround plans from General Motors and Chrysler and raising the prospect of controlled bankruptcy for either ailing auto giant. ...more
March 30, 2009
General Motors Corp. Chairman and CEO Rick Wagoner will step down immediately at the request of the White House, administration officials said Sunday. The news comes as President Obama prepares to unveil additional restructuring efforts designed to save the domestic auto industry. ...more
March 29, 2009
Auto workers are not the blame for the problems of the domestic auto industry, says Kraig Kircher of Holiday. ...more
January 3, 2009
Consumers are enjoying the lowest retail gasoline prices in years, a welcome ray of light in an ever-darkening economic picture. ...more
December 21, 2008
Detroit's Big Three automakers pleaded with Congress on Tuesday for a $25 billion lifeline to save the once-proud titans of U.S. industry, warning of a national economic catastrophe should they collapse. ...more
November 18, 2008
Glitz, gleam and endless oohs and ahhs are expected from displays at the North American International Auto Show. ...more
January 12, 2008
Republican presidential hopeful Mitt Romney said Saturday that he favors more seasonal visas to foreign workers in industries such as agriculture and tourism. ...more
October 14, 2007
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