NEW YORK -- Retail gasoline prices continued to climb Friday ahead of the Memorial Day weekend and the unofficial start of America's summer driving season, according to The Associated Press. The national average pump price increased nearly 3 cents overnight...
NEW YORK -- Retail gasoline prices continued to climb Friday ahead of the Memorial Day weekend and the unofficial start of America's summer driving season, according to The Associated Press. The national average pump price increased nearly 3 cents overnight...
There is a simple reason why the American auto industry is in trouble: it failed to keep up with the times. Yes, I know it was saddled with legacy costs in the form of pension and healthcare obligations - a...
DETROIT -- The United Auto Workers union has reached a tentative deal with the government and General Motors Corp. that would cut labor costs and change the way a union-run trust for retiree health care is funded, according to The...
Chrysler has named C. Robert Kidder, former chairman of Borden Chemical and of Duracell International, to succeed Robert Nardelli as chairman of the board once the automaker comes out of bankruptcy and completes its alliance with Fiat. "We are most...
DETROIT -- Consumers who filed lemon-law claims against Chrysler recently are facing a troubling reality: Many settlement checks are bouncing, and consumers have no idea when they'll be repaid, according to USA Today. Chrysler says it's working to reissue the...
FRANKFURT -- General Motors expects at least three bids for its European business by the close of business Wednesday, a spokesman for G.M. Europe said, according to The New York Times. G.M. anticipates that the bids for Opel and Vauxhall...
General Motors' bankruptcy plan includes the sale of healthy assets to a new company, owned by U.S. government, a source said on Tuesday, according to Reuters. * Bankruptcy plan includes proposal for labor, old unsecured creditors to get stock in...
WASHINGTON -- President Barack Obama outlined Tuesday the nation's first comprehensive effort to curb vehicle emissions while cutting dependence on imported oil, calling the plan an historic turning point toward a "clean-energy economy," according to The Associated Press. Joined in...
Oil rose to near $60 a barrel Tuesday as investors took heart from global stock market gains and more signs the U.S. recession is easing, according to The Associated Press. Continued unrest in Nigeria's oil-rich south also supported prices. Benchmark...
WASHINGTON -- President Barack Obama wants drivers to go farther on a gallon of gas and cause less damage to the environment - and be willing to pick up the tab, according to The Associated Press. Obama on Tuesday planned...
Nine out of the ten General Motors dealerships in Rhode Island report that they will be continuing as GM dealers after it goes through its restructuring. They all said they had not received the dreaded letters of termination sent out...
Here is today's lead editorial in The New York Times: Less than three weeks after Chrysler filed for bankruptcy protection, it looks as if the Obama administration will pull off its goal of completing the carmaker's restructuring by June, allowing...
DETROIT -- Chrysler has expanded early retirement and buyout offers for workers at six of the eight factories that it plans to close as part of its bankruptcy restructuring, according to The New York Times. In some cases the offers...
WASHINGTON --The Obama administration will issue new national requirements for the emissions and mileage of cars and light trucks in an effort to end a long-running conflict among the states, the federal government and auto manufacturers, industry officials said Monday,...
Joe Reising, vice president of R.L. Reising Sales, right, on Saturday talks with salesman Bill Dralle, 70, who's worked at the Beecher, Ill., Chevrolet dealership 48 years. Reising's grandfather, Roy, founded the dealership in 1929. DETROIT -- Nearly 2,000...
Gael O'Brien This 1957 Ferrari 250 Testa Rossa was the top seller at an auction of vintage Ferraris on Sunday. MARANELLO, Italy -- A black 1957 Ferrari 250 Testa Rossa sold here Sunday for $12,402,500, setting a new record...
DETROIT -- The letters General Motors sent to 1,100 of its dealers telling them to close represent another strong sign the automaker will end up in Chapter 11 in two weeks, because GM has little clout to close dealerships unless...
DETROIT -- General Motors and the United Auto Workers are fighting over plans to close 16 U.S. factories and import vehicles from other countries as a June 1 deadline for a concession deal draws near, according to The Associated Press....