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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
General Motors Co. says its money-back guarantee - key to its revival - is going so well that it will extend the program into early 2010. ...more
October 30, 2009
Scott Settlemire stood amid hundreds of cars at the 2010-Model Tampa Bay International Auto Show and wondered, for a moment, what it would be like if one vehicle fit all needs. ...more
October 24, 2009
After marketing Hummer as the quintessence of American brawn, General Motors is selling the mega-SUV maker to an obscure Chinese company that promises a shift toward more environmentally sensitive vehicles. ...more
October 19, 2009
For perhaps 50 years I heard the economic statement: As goes General Motors, so goes the nation. Does this mean that we can expect our government to run industry, health care, etc.? Joseph Stalin recognized that such would require a large number of czars, which he, of course, appointed. ...more
October 6, 2009
DETROIT (AP) -- General Motors Co. says it's shutting down the Saturn brand after an agreement with Penske Automotive Group Inc. to acquire the unit fell apart. ...more
September 30, 2009
Helped by a lightened debt load, Ford Motor Co. posted a surprise second-quarter profit of $2.3 billion Thursday, after the worst loss in company history a year earlier. Shares rose 9 percent in afternoon trading. ...more
July 24, 2009
The number of newly laid-off Americans signing up for unemployment benefits last week and those using this safety net over a longer period both plunged. The government figures released Thursday were clouded by difficulties adjusting for temporary shutdowns at auto plants. ...more
July 17, 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
Jim Rahenkamp is worried about the economy as are many of us. The situation looks really dire if you subscribe to his definitions and live life according to various popular buzz phrases. ...more
June 17, 2009
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