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Week In Pictures
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General Motors Corp. is reviewing its brands and may try to jettison some to raise money as it burns through cash at an alarming rate.
Could gas at $4 a gallon or higher be one of the culprits behind late car payments, too?
The company that built the first mass-produced, all-electric car will keep its manufacturing plant in California, thanks to a new state tax break.
Q. A little while back I had a flat tire, which was changed along the road by AAA. I then had the flat tire fixed by a gas station and put back on the car. My neighbor accompanied me to the gas station and when we were on the way home he said I should have the wheel nuts "torqued" by someone, as the young man at the gas station didn't do this. I was hoping you might explain to me what this is. I didn't want to sound ignorant by asking him what he meant by this.
When consumers astonished the U.S. auto industry two months ago by quickly shunning trucks and going for gas mileage, the biggest beneficiary ended up being Honda Motor Co.
A last-minute no-interest financing offer and strong sales of some cars helped General Motors Corp. keep its U.S. sales over Toyota Motor Corp. last month, but it was still the worst June for the industry in 17 years and a harbinger of more misery ahead.
Shares of General Motors Corp. plunged Wednesday to close below $10 for the first time in more than half a century, on worries about the company's cash needs and speculation about a possible bankruptcy protection filing down the road.
Democratic presidential hopeful Barack Obama asked the head of General Motors Corp. on Thursday what he could do to preserve the U.S. auto industry if elected, saying automakers "may need some bridges" to reach the future.
Automakers charged Tuesday that proposed new mileage standards are too tough while consumer groups complained that they're too lenient.
Contract workers at Ford Motor Co. gathered at bars in downtown Dearborn, Mich., Thursday night to commiserate about the future of the struggling auto company and see if they would be keeping or losing their jobs - a fate they were expecting to learn via cell phone.
The sour U.S. economy - dragged down by anxious consumers and deep-seated problems in the housing, credit and energy sectors - gave Detroit's automakers and most of their competitors a bloodbath last month.
If U.S. auto sales are as weak next year as they have been so far in 2008, Chrysler LLC's cash flow could fall to "minimal required levels" next year, credit-rating firm Fitch Ratings said Wednesday.
