General Motors announced Monday that it will begin repaying $6.7 billion in government loans before the end of the year and could pay back the full amount as early as next year, five years ahead of schedule.
Despite reporting more than a billion-dollar loss since July, General Motors says it expects to pay the federal government's bailout money back five years early. Gwen Ifill speaks with David Shepardson of the Detroit News for more.
By Online DA
In a surprise reversal that has left politicians across Germany fuming, General Motors' board has voted to abandon a deal to sell its European operations to car-parts supplier Magna International Inc. and Russian bank Sberbank.
The auto industry signaled recovery after GM reported a sales gain and Ford announced an unexpected profit. Jeffrey Brown reports.
By Lea Winerman
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…
GMAC, the consumer finance company and onetime subsidiary of GM, is reportedly in talks with Treasury to receive a fresh lifeline of up to $5.6 billion in aid, on top of the $12.5 billion the government has already injected into…
Despite the recession, one Boston-based company is creating new technology that could redefine the auto industry.
The government is ending its popular 'Cash for Clunkers' program two months early due to dwindling funds. Jeffrey Brown speaks with an automotive journalist about its impact on the auto industry and the economy.
The government will end its popular "cash for clunker" incentive program on Monday, two months early, because of dwindling funds. David Shepardson, Washington bureau chief for the "Detroit News," speaks with Jim Lehrer about the program.
General Motors announced Tuesday that its long-awaited Chevrolet Volt hybrid, a battery- and gas-powered electric vehicle, can get 230 miles per gallon in city driving, dwarfing every other car on the market in fuel efficiency.
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