Auto Bailout Head on Romney: 'Dead Wrong,' Delusional, Inconsistent
Some descriptions of Mitt Romney's auto bailout position from former Obama car czar Steven Rattner: dead wrong, utter fantasy, has delusions, and hasn't felt a need to be consistent.
G-20 Finance Ministers to Address Europe Debt Crisis, IMF Funding
Finance ministers and central bank chiefs from the Group of 20 countries will meet this weekend in Mexico City to tackle the euro zone's debt crisis and the prospect of replenishing the International Monetary Fund.
Chevy Volt: Coming to a California HOV Carpool Lane Near You Next Week
General Motors Co. said Thursday it has begun shipping low-emission Chevrolet Volt models to California that qualify for a $1,500 state rebate and allow drivers to travel in the state's carpool lanes.
Auto Bailout Sparks Discussion at GOP Debate
Republican presidential candidates revved up discussion Wednesday night of the 2008 and 2009 auto bailouts of General Motors Co. and Chrysler Group LLC during the 20th, and perhaps final, Republican debate in Arizona.
Geely, GB Auto Partner to Sell in Egypt as China Economy Slows
Geely Holdings Group Co. said Wednesday it will assemble cars for sale this year in Egypt and North Africa, a move that signals a shift to emerging markets as China's economy slows and auto makers face mounting competition in Western markets.
Pro-Obama Group Blasts Romney in Ad Over Auto Bailout Stand [VIDEO]
A super PAC supporting President Barack Obama in his re-election campaign released its first ad Wednesday, blasting Republican Mitt Romney for his opposition to the program of government loans to rescue General Motors and Chrysler.
GM Fires Back at Gingrich's Gun Rack Criticism, Calling it a Cheap Shot
In this election season, the auto industry is one big political football. General Motors Co., however, wants to get out of that mix. So when Newt Gingrich attacked GM's Chevrolet Volt as an Obama car in a stump speech last weekend because you can't put a gun rack in it, GM fired back on Tuesday.
Gas Prices Rising in 2012: Can the Government Do Anything to Stop the Increase?
What can stop the progression toward $5 gas?
Euro Zone Recession More Likely After Business Activity Slips
Euro zone private sector business activity shrunk in February, an unexpected turn that has renewed old fears and prompted new concerns of a recession in the region's economy while it lags through a debt crisis.
MSG Network Ratings: Jeremy Lin Drives Highest Ratings Ever
What a difference 2.8 million customers -- and one point guard -- can make. Madison Square Garden Co. said Tuesday that despite the first two losses of the Jeremy Lin era, the last two New York Knicks telecasts on the MSG network are its highest-rated regular-season events ever. The boost in ratings coincides with MSG resolving its carriage dispute with Time Warner Cable last Friday, in time for the Knicks' Friday night game against the Hornets to be broadcast.
Romney vs. Obama on Auto Bailout: Will Govt.'s $2.43B Loss on GM Stock Matter?
The four words that envelop the headline nag along behind Mitt Romney wherever he campaigns on stops in Michigan. Let Detroit Go Bankrupt.
These were the four words that served as the theme and message of an opinion-editorial Romney penned more than three years ago for The New York Times. It came in the midst of bipartisan bailouts to the swooning auto industry, in a time of debate over how to save what was once Michigan's most prestigious industry in its most prestigious city.
Presidents and Cadillacs: On President's Day, The Tradition of the State Car [PHOTOS]
Back to the administration of Woodrow Wilson and today with the administration of Barack Obama, the General Motors Co. Cadillac has always been a staple of iconic presidential images and moments -- along with Ford Motor Co.'s Lincoln brand.
Jeremy Lin Resolves Time Warner, MSG Network Dispute
Jeremy Lin and the New York Knicks will return shortly to the MSG Network, as the dispute between Madison Square Garden Co.'s MSG Network and Time Warner Cable has been resolved.
MSG-Time Warner Dispute: Jeremy Lin Drives Ratings to 'Linsane' Highs, but no Signs of Deal
Jeremy Lin continues to drive ratings of Madison Square Garden Co.'s MSG Network to Linsane new heights, as the network reached another season-high watermark in Wednesday night's New York Knicks victory over the Sacramento Kings.
Distracted Driving: The Dept. of Transportation's Attempt to Curb a 'Dangerous and Deadly Habit'
The United States Department of Transportation on Thursday released the first potential federal guidelines that entice automakers to reduce potential distractions for drivers in cars. U.S. Transportation Secretary Ray LaHood said the voluntary guidelines would be enforced in areas of in-car electronics, entertainment communications and navigation systems that are not necessary for a vehicle's operation.
GM Posts Record Profit, Two Years After Bankruptcy and Near Collapse
General Motors Co. posted a record profit in 2011, adding to the dramatic turnaround for 103-year-old United States automaker just two years after filing for bankruptcy and nearly collapsing. The news sent stock of the company up more than 6 percent to $26.50 at midday.
Did Cadillac's Battery Starter Kill the Electric Car 100 Years Ago?
Cadillac and General Motors Co. celebrated the centennial anniversary of the electric car starter, which debuted in the 1912 Cadillac Touring and allowed drivers to start their cars with the turn of a key or push of a button.
GM Changes Pension Plans, Freezes Employee Salaries Ahead of Earnings Report
General Motors Co. said Wednesday that it will eliminate traditional pensions and freeze salaries for its salaries employees in the United States. But the automaker will attempt to soften the changes by offering salaried employees an extra week of vacation and a chance at larger bonuses.
Romney Auto Bailout Op-Ed Draws Fiery Criticism from Democrats, UAW
Mitt Romney went on the offensive Tuesday on one of Michigan's biggest industries, the automotive industry, lambasting the bailouts to General Motors Co. and Chrysler Group LLC from President Barack Obama and proclaiming himself a son of Detroit.
GM Earnings Preview: Record Annual Profit, but Losses in Europe
General Motors is expected to report lower fourth-quarter earnings per share as struggling European operations of the top U.S. automaker offset strong domestic sales.
'Halftime in America' Ad Spoofed, Hammered by 'Saturday Night Live'
As the political discussion continues over Chrysler's popular Halftime in America Super Bowl commercial starring Clint Eastwood, Saturday Night Live took the task of spoofing this latest controversy. Three times.
Gas Prices Rising, So Cars' Fuel Economy Rising, Too: Study
The average fuel economy of 2012 model year vehicles is 14 percent higher than the same mark of just four years earlier, according to a University of Michigan study, confirming automakers' push to appeal to consumers' desires for more fuel efficient vehicles.
Budget Deficit Increases Due to Lower GM Share Values
Lower value of the United States government's stock in General Motors Co. and American International Group will dump $21 billion more on the 2013 budget President Barack Obama released on Monday.
Jeremy Lin Drives Knicks Ticket Prices, Demand Sky-High in 'Linsanity'
The definition of Linsanity: a 23 percent rise in average ticket price, a 36 percent ratings increase and a furious rush for new merchandise. That's the effect of blossoming New York Knicks point guard Jeremy Lin, who has burst into the NBA limelight over the past three games and impressed nearly everyone with even a casual interest in the NBA -- Kobe Bryant being, perhaps, the only exception.
Hyundai Elantra Coupe 2013: Look at the Sportier Version of the Elantra [PHOTOS]
Hyundai unveiled a coupe version of its popular Elantra model, adding another version to the budding Elantra lineup. The compact version of the Elantra has been the most successful, but with the coupe version, Hyundai will try to attract young buyers to a sportier look.
Crude Futures Fall on Tempered IEA Demand Expectations
The International Energy Agency lowered its forecast for global oil demand for the sixth consecutive month because of the continuing weakness of the global economy, sending shares of crude oil down with it.
Nissan Pathfinder 2013: A Look at the Previously Unseen Interior [PHOTOS]
When Nissan first introduced the 2013 version of a revamped Pathfinder in January at the 2012 North American International Auto Show in Detroit, it was missing, well, an interior.
Jon Huntsman, Former Presidential Candidate, Joins Ford's Board
Ford Motor Co. on Thursday named former 2012 Republican presidential candidate and former Utah Gov. Jon Huntsman to its board of directors. The appointment gives Huntsman another job as he backs out of the public spotlight back into the private sector. And it gives Ford another established, high-profile board member with political ties.
Ford's Mulally Amid Executive Changes: No Plans to Retire
Two of Ford Motor Co.'s top executives are set to retire in April, but Chief Executive Officer Alan Mulally brushed back speculation of his own retirement plans.
Toyota Highlander Production Will Move to U.S.
Toyota Motor Corp. will add 400 jobs at its Indiana plant to produce the hybrid version of its Highlander sport-utility vehicle, shifting production of the SUV from Japan to the United States.