General Motors Co. today posted a $1.15 billion net loss in the third-quarter, giving the public its first comprehensive peek at the automaker's finances since emerging from bankruptcy with about $50 billion in federal aid.
Washington -- General Motors Co. will announce today it will begin repaying its $6.7 billion in government loans ahead of schedule -- a sure sign that the Detroit automaker's finances are improving since its exit from bankruptcy in July.
Arizona Sen. John McCain said Sunday that Chrysler Group LLC is unlikely to survive, despite receiving nearly $15 billion in government loans. McCain, the 2008 Republican presidential candidate, reiterated his opposition to the $80 billion auto industry bailout begun by President George W. Bush last December.
Sao Paulo -- Who could resent the attention being showered on electric cars? Stylish and clean, they're the darling of the renewable-energy crowd, which is hailing the scheduled roll-out of several e-powered models next year as a major blow against global warming.
Chrysler Group LLC is counting on significantly higher sales of its midsize sedans to meet ambitious growth targets outlined last week in its five-year business plan, but the automaker has not been competitive for at least a decade in the market's largest vehicle segment.
Claycomo, Mo. -- Ford Motor Co. says union concerns over working conditions at its Kansas City Assembly plant have been resolved. But a union officer said members were moving ahead with a planned strike authorization vote.
There's just something about Land Rover. The 2010 Range Rover Sport carries that mystique even further. It's rugged, capable and absolute luxury at the same time. It's also vastly improved for the 2010 model year.
Ford Motor Co.'s top sales analyst said this November U.S. sales appear to be at least as strong as October, meaning the industry has once again found its footing after one of the worst declines in history.
Ford Motor Co. confirmed Friday that it is developing a new police interceptor to replace the venerable Ford Crown Victoria when production of that model ends in 2011.
