Economy Dec 01

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General Motors CEO Fritz Henderson Resigns

The CEO of General Motors, Frederick "Fritz" Henderson, has resigned, the automaker announced Tuesday. He has been replaced on a temporary basis by Ed Whitacre, chairman of the board of the troubled automaker.

Economy Nov 02

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Ford Posts Surprise Profit, Expects Profit in 2011

Ford Motor Co., the only U.S. automaker to avoid bankruptcy this year, posted a surprise $997 million profit in the third quarter and said it expects 2011 to be "solidly profitable." The report sent Ford's shares up 8.3 percent in…

Nov 01

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Chrysler to Slash Up to 12,000 Jobs

Chrysler LLC announced Thursday it plans to cut up to 12,000 jobs as part of the automaker's ongoing effort to reduce costs and adjust to slowing demand for some of its vehicles.

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