Economy Jul 24

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Ford Reports $8.7 Billion Second-Quarter Loss

The Ford Motor Co. on Thursday posted a second-quarter loss of $8.7 billion, due mostly to the declining value of its SUV and pickup truck lines, and announced a plan to overhaul its North American production to focus on small…

Economy Jun 03

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GM to Close 4 SUV, Truck Plants as Demand Dips

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.