Detroit's Big 3 Carmakers, UAW Start Labor Talks…
General Motors announced Monday that, thanks to an uptick in sales plus lower debt and expenses after bankruptcy, it made $865 million in profit in the first quarter of this year -- its first profit posting since the…
As General Motors begins paying back its loan from the U.S. government, Margaret Warner talks to a reporter with the Detroit News about the auto giant's prospects for recovery after last year's government bailout.
General Motors announced Wednesday it lost $4.3 billion in the six months that followed its emergence from the fourth largest corporate bankruptcy in U.S. history last summer. While the loss may seem staggering, the company's first official…
The last 1,500 employees at the West Coast's only car plant will be out of a job by day's end Thursday when a 26-year experiment in auto-making officially comes to a close. The New United Motor Manufacturing, Inc. plant,…
In other news Thursday, floodwater began to recede in New England's hard-hit communities, leaving enormous damage in its wake. Also, new federal rules for gas mileage and auto emissions became final.
A lot of new car dealers have been looking for other work in the past year in the wake of the bankruptcies of General Motors and Chrysler. In Denver, GM told several local dealers to start winding down their…
GMAC Financial Services has already received $12.5 billion in government aid. On Wednesday, the auto and home lending giant got another $3.8 billion. The new aid is less than the $5.6 billion that the troubled lender indicated it was…
General Motors plans to repay $6.7 billion in federal aid by the end of June, the company's new chief executive officer, Edward E. Whitacre Jr., told reporters Tuesday. GM owes the U.S. $6.7 billion out of $52 billion…
Paul Solman: Thursday’s interview with UAW president Ron Gettelfinger elicited some strong reactions from viewers, of which these email excerpts are but a sample: Viewer 1: I have respected The NewsHour for years.
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