U.S. Auto Industry Is Revving Up for a Hiring Spree
The U.S. auto industry is about to go on a hiring spree as car makers and parts suppliers race to find workers to build the next generation of vehicles.
General Motors
GM Returns to the S&P 500, Moves Closer to Independence
GM's quest for independence from the government is ahead of schedule. The Treasury is selling off 30 million GM shares this week, and the automaker is rejoining the S&P 500.
Fed Official's Remarks End Dow's 20-Tuesday Streak
The Dow fell 76 points, ending its streak of 20 straight gains on Tuesday, the longest such winning streak since 1968. Meanwhile the S&P 500 lost 9, and the Nasdaq dropped 20.
Detroit Automakers Cutting Back on Summer Factory Shutdowns
Detroit's automakers are largely forgoing traditional two-week summer breaks at their factories and speeding up production to meet buyers' demand for new cars and trucks.
Along the Road to a Greener America, an Awful Lot of Roadkill
The global financial crisis helped slam the brakes on clean-tech dreams from electric cars to solar panels, but the roots of green energy's mid-life crisis run far deeper.
GM Shares Top Level Not Seen Since 2011
Shares of General Motors reached an important milestone on Friday, topping their initial public offering price of $33 for the first time in more than two years.
Facebook's Mobile Numbers Impress; GM Beats Street
A mixed bag from Facebook's earnings, but revenue from the all-important mobile sector was stronger than expected. GM's earnings fell from a year ago but still beat predictions.
Toyota Maintains Crown as World's Best-Selling Automaker
Toyota held onto its status as the world's top-selling automaker in the first quarter of this year, although the three-way race with GM and Volkswagen is proving tight.
Bellwether Caterpillar Posts Disappointing Profit and Sales
Caterpillar's profit and sales came in short of expectations. It also forecast that sales for the full year will be below target, because of slow growth in the world economy.
5 Winners and Losers of the Week in Business
From sluggish PC sales to Facebook regaining an important advertiser to a department store chain finally ousting its inept CEO, here are the wonders and blunders of the week.
General Motors Re-Friends Facebook for Ad Campaign
General Motors pulled its ads from the social network a year ago. But now the automaker is testing a new tie-up with Facebook, including a pilot campaign for its Chevrolet Sonic.
GM Plans to Invest $332 Million in 4 U.S. Factories
General Motors plans to invest $332 million into four factories in three Great Lakes states to build new, more efficient engines and transmissions.
Housing Recovery Helps Boost March Auto Sales
U.S. sales of sport-utility vehicles and pickup trucks jumped in March, spurred by rising home prices and an increase in housing construction, major automakers report.
Automakers Expected to Report Highest U.S. Sales Since 2007
Automakers are expected to report Tuesday that U.S. car and truck sales hit their highest level in nearly six years in March.
GM Recalls 34,000 Vehicles for Transmission Problems
General Motors is recalling nearly 34,000 Buicks and Cadillacs in the U.S., Canada and elsewhere to fix a problem with the automatic transmissions.
GM's 2012 Performance Slips Amid European Woes, Lower Market Share
General Motors' earnings and market share were down in 2012 despite a better year for car sales in the U.S., a combination that soured Wall Street on the automaker's fourth quarter and year-end earnings report.
Ford Earnings: F-Series Pickups Drive Profits for the Blue Oval
Ford's earnings report Tuesday revealed the automaker's best fourth-quarter results in more than a decade. But credit doesn't go to the fuel-efficient small cars the company has recently emphasized: The profit source was the old faithful F-Series pickup truck.
Watchdog: Pay Remains 'Excessive' at Bailed-Out Companies
The government's top bailout watchdog accused the Treasury Department on Monday of failing to rein in "excessive" compensation at AIG, General Motors and Ally Financial. Christy Romero, Special Inspector General for the Troubled Asset Relief Program, or SIGTARP, says that the firms don't understand "their extraordinary situations."
Toyota Speeds Past GM to Grab the Global Auto Sales Crown Again
Toyota has dethroned General Motors as the world's top-selling automaker. Though both companies' sales increased in 2012, Toyota bounced back from a manufacturing slowdown caused by Japan's 2011 earthquake to sell 9.7 million cars and trucks, while GM's sales rose just 2.9% to 9.29 million.
Ford Resurrects Lincoln: What This Luxury Relaunch Really Means
Ford unveiled a surprise this week: It's relaunching the Lincoln brand, and committing more than $1 billion to the effort. The renewal of the luxury brand is about more than just prestige. It's about big profits, and a push by Ford into one very big foreign market.
Hurricane Sandy Boosts Car Sales in November
The auto industry wins the silver lining award from the affects of Hurricane Sandy: November car sales jumped 15 percent on strong demand from people replacing cars destroyed by the storm, Americans feeling more confident in the economy, and an easier access to credit.
Couple Convicted of Stealing Hybrid Car Trade Secrets from GM
A former General Motors engineer and her husband were found guilty on Friday of conspiring to steal hybrid technology trade secrets for possible use by Chinese carmaker Chery Automobile. Shanshan Du and her husband, Yu Qin, will be sentenced in February.
Dear President Obama: Sell the Government's GM Stake Now
Dear Mr. President: I know you're proud of the effort made by your team back in 2009 to save General Motors. You should be. But as good as this GM thing has been for you, with the election now over, it's time to let go and direct the Treasury to sell its stake in General Motors.
GM Profits Beat Estimates as Favorable Signs Appear
General Motors on Wednesday reported a third-quarter profit that exceeded analyst expectations by a wide margin. GM's profit was less than it turned in a year ago, with earnings hurt by ongoing losses in Europe. But elsewhere, its business is showing strong signs for the future.
Ford Posts a Big Profit Despite Europe Loss
Ford reports its 14th consecutive profitable quarter, solidly beating analyst estimates.
No, Mr. Romney: Jeep Is Not Moving All Its Factories to China
Republican presidential candidate Mitt Romney told a crowd in Defiance, Ohio, on Thursday that Chrysler was considering moving "all production" of its iconic Jeep lineup to China. There's just one problem: It's not true.
GM's Mickey Mouse Plan to Boost Car Sales: Be More Like Disney
It has long been clear that GM would have to get creative to win back customers. Decades of shoddy cars drove off GM loyalists, and just as its cars started to get better, the economy tanked. But now GM has a plan to lure you back, and it involves a lot of help from Disney.
Toyota's Got Bigger Problems Than the Recall
On top of Toyota's large-scale recall involving a potential fire hazard, the company is suffering from steep declines in one of its most important markets because of a political dispute. But things may not be as grim as they seem for the carmaker.
Could GM Ever Fail? Yeah, It Could Happen
GM has been cleaning up its act and has the profits to show for it. But the competition has never been stiffer, all over the world, and GM's cars will have to be top-notch to assure the success of a turnaround.