WASHINGTON -- President Barack Obama plans to announce a new aid package for General Motors and Chrysler in the coming days and says the carmakers must make "pretty drastic changes" to save their industry, according to The Associated Press. Obama...
NEW YORK - With less than a week remaining before a self-imposed deadline to make a decision on its iconic Hummer brand, General Motors Corp (GM.N) has people wondering: Is it going to sell or is it going to fold?...
Lloyd Ruby, one of the best -- and most star-crossed -- Indy 500 auto racers in history, died Monday in Wichita Falls, Tex., where he lived all his life, according to The New York Times. He was 81. Ruby...
It's interesting to visually scan Consumer Reports' used-car reliability tables. The testing agency assigns a ranking to about 15 trouble spots for all mainstream used cars. (Don't expect to find Lamborghinis or Rolls Royces among its statistics.) It lists the...
A recent study from R.L. Polk, which tracks the auto industry, finds Americans are holding on to their cars longer because we are nervous about the overall economy. Noting that The Conference Board finds consumer confidence at an all time...
Last weekend's wins by Kyle Busch in a Toyota Camry at NASCAR's Food City 500 in Tennessee and by a team led by Tom Kristensen of Denmark in a diesel-powered Audi R15 at the 12 Hours of Sebring (Fla.), made...
Sageworks has come up with some interesting numbers that illuminate the woes besetting the auto industry, both at the motor vehicle parts manufacturing level and at the new car dealership level. It collated sales and profits per employee for both...
DETROIT -- Dreaded white-collar job cuts at General Motors Corp. started Tuesday as the wounded automaker began to deliver on promises to the government to shrink its work force so it can be profitable at lower sales levels, according to...
MUMBAI - The Nano, the world's cheapest car, will hit Indian roads in July, four months after its formal launch on Monday, and demand is expected to far outstrip supply as the price tag of around $2,000 draws legions of...
Oil prices rose above $52 a barrel Monday, boosted by stronger stock markets and a weaker dollar amid plans by the U.S. government to buy bad assets from banks to contain the financial crisis, according to The Associated Press. Benchmark...