Fisker Automotive Inc. is in a bad place right now, running out of money, recalling its hybrid-electric Karma luxury cars because they burst into flames and shuffling around executives faster than a losing team substitutes pitchers; it's hard to find a bright patch for the company that isn't on fire.
General Motors Co (NYSE: GM) will recall 249,260 mid-size sport utility vehicles to correct a potential fire hazard, a U.S. government safety agency said.
The Canadian Auto Workers and the Detroit Three, General Motors Company (NYSE: GM), Ford Motor Company (NYSE: F) and Chrysler Group LLC, began preliminary contract negotiations on Tuesday, and the fate of Canadian auto manufacturing may hang on the talks.
The cost of the 2009 bailout of the U.S. automotive industry by the federal government will cost the country $3.4 billion more than was previously estimated, reports said Tuesday.
Mitt Romney's vice presidential pick is known for his disdain of 'big government' spending, but the congressman has accepted millions in federal dollars to benefit his congressional district.
Chinese conglomerate Wanxiang Qianchao Co. (Shanghai: 000559) is offering a $450 million lifeline to struggling battery manufacturer A123 Systems Inc. (Nasdaq: AONE), but the deal is facing right-wing opposition in the U.S.
General Motors Company (NYSE: GM) chairman and CEO Dan Akerson seems to think that it is finally time for the company to leave the 1970s and enter the 21st century. He also implied that it was time for the nation's largest automaker to stop being a dinosaur, according to the Detroit News.
General Motors Company (NYSE: GM) talked some smack at Dutch carmaker Spyker N.V. following its Monday announcement that it would sue GM for $3 billion over the bankruptcy of Saab Automobile AB.
Like a bad case of herpes, the bankrupt Swedish automaker Saab Automobile AB just keeps flaring up in General Motors Company's (NYSE: GM) private dealings. Dutch supercar company Spyker N.V. announced Monday it was suing General Motors for $3 billion in damages on account of alleged interference in a 2011 transaction between Spyker (which owned Saab) and Chinese investor Youngman, a deal which Spyker alleges would have saved Saab if it had been successful.
Each week, we pick the biggest, most dramatic, or most captivating winners and losers in the world of money and business. Here are the winners and losers for July 29-Aug. 4.
Japan's big three, Nissan, Toyota and Honda gained big in sales while Ford and GM had lackluster showings.
General Motors Company (NYSE: GM) on Wednesday reported July U.S. car sales fell 6 percent compared with the year before as retail sales fell modestly and fleet sales plummeted.
July US car sales diverged for American manufacturers Ford and Chrysler, the first two carmakers to report sales for the month.
General Motors Company (NYSE: GM) is expected to report profits down 51.7 percent for the second quarter of 2012 as the company continues to slog through an uphill battle to restructure its loss-making European Opel-Vauxhall unit and to sell through high levels of North American inventory.
The global marketing chief for General Motors Co. (NYSE: GM) was ousted because of an expensive, poorly negotiated deal with Manchester United, the world's most popular soccer club, according to a report.
The second-quarter earnings season is in full swing and investors will hear next week from several more major players, including AIG, Kellogg, Procter & Gamble, Kraft Foods, Pfizer, Mastercard and General Motors.
Facebook Inc. (Nasdaq: FB), the world's largest social networking platform, is expected to post a profit in its first quarter as a publicly traded company following revenue growth in the April-through-June period.
The number of subprime loans for automobiles has increased this year as lending standards have loosened, boosting automakers' revenues but also creating fears of another financial bubble.
Japanese advertising company Dentsu Inc. (Tokyo: 4324) is buying the British firm Aegis Group Plc (AGS) for £3.16 billion ($4.9 billion) in a deal that will give Aegis stakeholders $3.73 per share.
General Motors Company's (NYSE: GM) dual European brands, Opel and Vauxhall, released Wednesday the first teases of the new ADAM city car, which seems to have been designed to compete directly with the popular Fiat 500 and BMW's Mini.
As investors await second-quarter earnings from leading technology companies, several warning signs indicate that save for special cases, it won?t be a blow-out.
IBTimes reviews winners and losers in the world of business and economics for the week of July 1.
