auto bailout plan

As it struggles to boost sales amid an economic slump, Chrysler CEO Sergio Marchionne warns that the automaker will have a "difficult" time making a net profit in 2010.

After a year-long search, General Motors finally found a buyer in the Dutch sports-car maker. The $400 million offer comprises $74 million in cash and $326 million in preferred shares. Saab workers and customers finally have a good reason to be hopeful.

General Motors has agreed to sell its Germany-based Opel division to Canadian auto group Magna International (MGA), GM management said Thursday, ending speculation that GM was looking to hang onto the European unit. Several key issues need to be worked out in the coming weeks, GM said, with the...

Uncle Sam may have made hundreds of millions of dollars after it agreed to stand behind $1 billion in loans to Chrysler in 1979, but 30 years later it stands to lose billions for agreeing to bail out Chrysler and General Motors. That's the conclusion of a Congressional Oversight Panel in its latest...