In the latest gloomy financial news, the U.S. economy shed 240,000 jobs in October, pushing the employment rate up to 6.5 percent. Two analysts examine the labor numbers and what they say about the economy.
Deepening financial crisis among the nation's biggest auto makers prompted talks to allow corporations to apply for aid under the $700 billion bailout plan. Reporters and analysts weigh the controversy around the access to money for Detroit's Chrysler, G.M. and…
Soaring gas prices have led many U.S. drivers to forgo large vehicles like SUVS for smaller cars. Essayist Anne Taylor Fleming examines the shift in consumer preference.
Amid record-high gas prices, a slumping economy and consumer jitters, U.S. auto sales plummeted in June, but General Motors managed to retain its No. 1 spot ahead of Toyota thanks, in part, to a six-day sale featuring zero-percent financing offers.
Rising oil prices and improvements in battery technology are fueling new interest in developing electric cars. Spencer Michels reports on how industry giants and start-up car companies alike plan to release new vehicles by 2010.
NewsHour correspondent Spencer Michels talked in April to electric car maker Tesla Motors' founder and chairman, Elon Musk -- an entrepreneur who previously founded PayPal -- about the future of the electric car.
By Admin, PBS NewsHour
General Motors announced the closure of four truck and SUV plants in the U.S., Canada and Mexico Tuesday and said it may discontinue its Hummer brand as soaring fuel prices push a broad shift in the U.S. to smaller vehicles.
The NewsHour interviewed General Motors CEO Rick Wagoner in May about the company's plans for developing alternative fuel vehicles. Excerpts of the interview will air in the coming weeks as part of a report on a new generation of electric…
By Admin, PBS NewsHour
In a smaller move than in past months, the Federal Reserve cut a key interest rate by a quarter percentage point Wednesday in what could be the last in a line of reductions aimed at boosting an economy hit hard…
After announcing record annual losses Tuesday, General Motors said that it would offer buyouts for all 74,000 of its union employees -- allowing GM to hire lower-wage workers -- to help reduce costs. New York Times business reporter Micheline Maynard…
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