GENERAL MOTORS

Ally Financial is weighing a sale of all or part of its auto lending and banking businesses, as an initial public offering looks increasingly remote and the U.S. government seeks to recoup some $17 billion in bailout money, sources familiar with the situation said.

General Motors Co. has posted its best annual profit, which jumped 62 percent to $7.6 billion, beating expectations and breaking records two years after it nearly collapsed into bankruptcy.

The U.S. Postal Service warned it could become a long-term burden on taxpayers absent legislative change, as the cash-strapped agency put pressure on Congress to allow it to end Saturday delivery and to tap into a retirement-account surplus.

The Postal Service warned it could become a long-term burden on taxpayers absent legislative change, as the cash-strapped agency put pressure on Congress to allow it to end Saturday delivery and to tap into a retirement-account surplus.

Robust economic data and European Central Bank support for Greece energized U.S. stocks Thursday, as investors ignored possible bank downgrades and lifted equities to a nine-month high.

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.

General Motors Co (GM.N) posted a weaker-than-expected fourth-quarter profit as disappointing performance overseas offset strong results in North America.

General Motors Co. posted a weaker-than-expected fourth-quarter profit as disappointing performance overseas offset strong results in North America.

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.

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.

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.

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.

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.

In the latest blow to Mitt Romney's aura of inevitability, a Republican presidential poll has Rick Santorum outperforming Mitt Romney in his home state of Michigan.

Tesla Motors Inc on Thursday showed off a prototype of its Model X, a battery-powered SUV that represents the company's bet that consumers will buy a range of electric vehicles spun from a common platform.

Republican presidential candidate Mitt Romney always had a love for American cars, growing up as the son of a chief auto executive. However, in 2008 the former Massachusetts governor strongly opposed a bailout intended to aid the diminishing General Motors, Chrysler and Ford manufacturers. And now he’ll have to explain his reasoning if he wants to dominate Michigan’s primary on Feb. 28, according to Reuters.

Several members of the production crew of Chrysler Group LLC's Halftime in America commercial starring Clint Eastwood also made art in support of President Barack Obama's 2008 presidential campaign.

Before he emerged in a controversial Super Bowl ad as the gravelly voice of Chrysler's resurgence, Clint Eastwood was a critic of the government bailout that saved the U.S. automaker.

Former United States President George W. Bush defended the emergency bailout funds his administration provided to General Motors Co. and Chrysler Group LLC in a speech to car dealers Monday, saying he would do it again.

Electric car startup Fisker Automotive Inc said on Monday it has suspended work at its U.S. manufacturing plant and laid off 26 workers there while it renegotiates the terms of its $529 million loan from the U.S. Department of Energy.

Toyota Motor Corp. raised its full-year net income forecast Tuesday by more than a third, as the Japanese automaker has cut costs and spending and as newer vehicles have bumped up sales.