Picture President Barack Obama's reelection campaign as a showroom. Over there, at one stand, is an overall improving economy -- he hopes. And somewhere in the showroom, either as a part of the economy stand or standing on its own, will be the health and restoration of the United States automotive industry. If the past week and a half is any indication, Obama plans to use it as a critical point in his reelection campaign as the industry continues a dramatic recovery from dire straits just mor...
Facebook unveiled plans for the biggest ever Internet IPO that could raise as much as $10 billion, but made it clear CEO Mark Zuckerberg will exercise almost complete control over the company, leaving investors with little say.
Mort Zuckerman, the venerable real estate developer and media mogul, has a taste for urbanism. He attributed the strong fourth quarter and 2011 for his real estate investment trust Boston Properties, Inc. (NYSE:BXP) to its focus on major cities.
Auto sales rose more than 11 percent in January, a surprisingly robust showing that marked the strongest annualized sales rate for the industry in nearly two-and-a-half years.
Major automakers reported a nearly 12 percent gain in U.S. sales in January, a surprisingly strong showing driven by the growing need for American drivers to replace aging cars and trucks.
Gold rose on Wednesday as the dollar slipped against the euro and on strong global manufacturing data, while analysts said profit taking could pressure the precious metal after its biggest January gain in 32 years.
Chrysler Group LLC posted a 44 percent rise in U.S. auto sales in January, led by gains for its Jeep brand, while its largest rival General Motors Co lost ground in a month marked by modest growth.
Chrysler Group LLC posted a 44 percent rise in U.S. auto sales in January, led by gains for its Jeep brand, while its larger domestic rival General Motors Co lost ground in a month marked by modest growth.
U.S. automaker Chrysler Group LLC swung to a full-year net income of $183 million on Wednesday, and made the bold prediction that profit would be eight times higher in 2012, on strong sales in its main U.S. market.
President Barack Obama pushed into second-gear at the Washington Auto Show on Tuesday, taking a swipe at potential challenger Mitt Romney as the Republican primaries in Florida were underway.
Chrysler is profiting from strong Jeep sales and automakers are expected today to announce healthy year-over-year January sales increases in the U.S., with only General Motors Corp. trailing the pack.
Even in defeat, Carl Icahn can change companies.
The Big Three U.S. automakers may be on the rebound but the original Motor City, Detroit, is still battling to turn the tide of decline. One of the people leading the fight is Charles Pugh.
U.S. home prices are expected to continue to fall in S&P/Case-Shiller Housing Index data through November 2011, to be released on Tuesday, Jan. 31.
Facebook's initial public offering is likely to set a new standard for how low investment banks are willing to go on advisory fees to win big business.
California approved aggressive new rules on Friday to reduce greenhouse gas emissions by requiring automakers to put many more electric and hybrid vehicles on the Golden State's roads by 2025.
U.S. taxpayers are still owed $132.9 billion by companies that benefited from the financial bailout and haven't fully repaid. Some of that money will never be recovered, a government watchdog said. Christy Romero, the acting special inspector general for the $700 billion bailout, has said the bailout that began in September of 2008, could actually last for several more years.
Ford Motor Co is poised to report its biggest annual profit in 13 years on Friday after an accounting change that signals the No. 2 U.S. automaker's belief it can remain profitable.
A new survey conducted by Deloitte suggested Gen Y consumers, generally between the ages of 19 and 31, prefer hybrids or electric vehicles -- vehicles with some electrified elements.
New car sales in January continued to rise at a steady pace, according to TrueCar.com, continuing the auto industry's slow but stable recovery.
Dan Akerson, the chairman and CEO of General Motors, began efforts to rebuild the image of the Chevrolet Volt in testimony delivered to a House Oversight and Government Reform Committee hearing in Washington.
General Motors has effectively cleared one hurdle in its quest to market the Chevrolet Volt to the mass market. But the bigger hurdle is the one that has remained throughout the Volt's existence: Are Americans ready for an electric car?