GMAC seeking more federal aid
NEW YORK (AP) GMAC, the former lending arm of General Motors Co., is in talks with the Treasury Department for a third injection of taxpayer aid, a further sign of the U.S. government s entrenchment in the U.S. auto industry. The Treasury Departmen...
 3.7K - Oct. 28, 2009; scored 594.0 Economic gloom shows signs of lifting
WASHINGTON Americans pessimism about the economy appears to be lifting, with consumer expectations for the next six months hitting their most positive point since the recession began. The Commerce Department said today that orders for goods expect...
5.6K - Aug. 26, 2009; scored 322.0 Senate expected to OK $2B refill for 'cash for clunkers'
WASHINGTON (AP) The Senate is poised to add $2 billion to the popular cash-for-clunkers program after lawmakers agreed to vote on the government car incentives and give shoppers until Labor Day to visit their local dealerships and make a...
5.3K - Aug. 6, 2009; scored 249.0 Democrats trying for GOP support for clunker funds
WASHINGTON Facing a White House deadline, Senate Democrats are struggling to win over enough reluctant Republicans to pass a $2 billion extension of a popular rebate program that gives consumers up to $4,500 to trade in their old ...
5.3K - Aug. 4, 2009; scored 394.0 Cost cutting pays off for Ford in second quarter
DEARBORN, Mich. Helped by a lightened debt load, Ford Motor Co. posted a surprise second-quarter profit of $2.8 billion today, following the worst loss in company history a year earlier. Shares rose 10 percent. The net profit ends a string...
4.4K - Jul. 23, 2009; scored 373.0 Chrysler to match 'cash for clunker'
AUBURN HILLS, Mich. (AP) Chrysler Group LLC said today it is offering $4,500 in cash toward the purchase of a new vehicle as it seeks to match a government incentive for people to trade in their old gas guzzlers. The automaker said it will...
2.1K - Jul. 22, 2009; scored 499.0 Auto plant shutdowns cloud jobless figures
WASHINGTON (AP) 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. But the government figures released today were clouded by difficulties adjust...
4.6K - Jul. 16, 2009; scored 322.0 Energy Dept. lends $8B to Ford, Nissan, Tesla
DEARBORN, Mich. (AP) - The Energy Department said today it would lend $5.9 billion to Ford Motor Co. and provide about $2.1 billion in loans to Nissan Motor Co. and Tesla Motors Inc., making the three automakers the first beneficiar...
3.9K - Jun. 23, 2009; scored 413.0 Chrysler sale is final
DETROIT (AP) - Italy's Fiat is the new owner of the bulk of Chrysler's assets, closing a deal today that saves the troubled U.S. automaker from liquidation and places a new company in the hands of Fiat's CEO. The deal clears the way for a new, leaner...
1.4K - Jun. 10, 2009; scored 413.0 Court wades into Chrysler overhaul
NEW YORK - The Obama administration had expected Chrysler's sale to Italy's Fiat to close more than a week ago, and perhaps to have seen the automaker already emerge from bankruptcy protection. But the Supreme Court's decision to delay the sale while...
5.4K - Jun. 9, 2009; scored 521.0 'Cash for cars' comes to vote
WASHINGTON - Consumers could receive rebates of up to $4,500 for turning in their gas-guzzling cars and trucks for more fuel-efficient vehicles under a House proposal. President Barack Obama has urged Congress to approve consumer incentives ...
3.8K - Jun. 9, 2009; scored 322.0 Court upholds Chrysler, Fiat deal
NEW YORK (AP) - A U.S. appeals court on Friday upheld Chrysler's sale of most of its assets to Italy's Fiat, but the deal will remain on hold to allow an appeal to the nation's highest court. The 2nd U.S. Circuit Court of Appeals said it will continu...
4.3K - Jun. 6, 2009; scored 557.0 State groups argue against Chrysler sale
NEW YORK (AP) The decision on whether Chrysler can sell the bulk of its assets to a group led by Italy s Fiat as part of its plan to emerge from bankruptcy protection heads to a federal appeals court today. The 2nd U.S. Circuit Court of Appeals is ...
1.5K - Jun. 5, 2009; scored 474.0 GM hopes for speedy exit from Chapter 11
NEW YORK General Motors Corp. took two key steps toward its downsizing today, striking a tentative agreement to sell its Hummer brand and obtaining the first payout of federal loans for its European division. Detroit-based GM said it has reached a ...
6.6K - Jun. 2, 2009; scored 630.0 General Motors files for bankruptcy, makes restructuring plan
NEW YORK - General Motors filed for Chapter 11 bankruptcy protection today as part of the Obama administration's plan to shrink the automaker to a sustainable size and give a majority ownership stake to the federal government. GM's bankruptcy filing ...
10.4K - Jun. 1, 2009; scored 449.0 As bankruptcy looms, a new GM starts emerging
DETROIT - With an almost certain bankruptcy filing days away, General Motors is beginning its reinvention, planning to retool one factory to make its smallest vehicles ever in the U.S. and rid itself of the biggest. As GM's board began two days of me...
4.8K - May. 30, 2009; scored 322.0 General Motors says bondholder offer fails; bankruptcy likely
DETROIT (AP) - A General Motors Corp. bankruptcy filing seemed inevitable after a rebellion by its bondholders forced it to withdraw today a plan to swap bond debt for company stock. GM has until Monday to complete a government-ordered restructuring ...
6.9K - May. 27, 2009; scored 413.0 Prices steady as industrial production dips
WASHINGTON (AP) - More evidence emerged Friday that the recession is easing, with output by the nation's factories, mines and utilities falling at the slowest pace in six months. At least one area of the economy is flat, but that's welcome news. Cons...
4.9K - May. 16, 2009; scored 249.0 Auto dealers' cuts mean less for charities
BOSTON (AP) - Jim Dimopoulos can't remember every organization his car dealership helped out in its 36 years of operation: police and fire associations, cheerleaders, baseball teams, even high school yearbook classes in his town. But now those donati...
4.3K - May. 16, 2009; scored 413.0 GM to sever contracts with 1,100 car dealers
DETROIT - A day after Chrysler LLC told a quarter of its dealers that it won't renew their contracts, owners of General Motors Corp. dealerships are awaiting word on whether they will be next. GM said it will notify 1,100 U.S. dealers on Friday that ...
5.1K - May. 15, 2009; scored 499.0 | 
