auto bailout

Fiat Shares Soar on Chrysler Buyout Deal

Shares in Fiat rose as much as 16 percent in early trading Thursday after the Italian car maker struck a $4.35 billion deal to gain full control of Chrysler Group.

Treasury Sells Last of GM Shares

The U.S. government sells its last shares of automaker General Motors, marking an end to a historic bailout of one of America's most storied companies.

JPMorgan Likely to Lead Chrysler IPO

Whether Chrysler Group will go forward with a promised public float, the company is reportedly late in the stages of preparing its offering documents.

Treasury Cuts Stake in GM to 7.3%

Treasury has sold another block of shares in General Motors, reducing its stake to 7.3 percent as it moves toward exiting its holdings in the automaker by the end of March.

Ford Gets Its Blue Oval Out of Hock

Dogged by creditors, and deep in debt, Ford had to hock its most famous icon back in 2006, putting it up as security for $23.4 billion in loans. On Tuesday, Ford got it back.

Government Motors: Why Won't D.C. Sell Its GM Stock?

Thanks to TARP loans that saved GM, the Treasury ended up with a major stake in the world's largest automaker, and it still holds 500 million shares -- 32% of the company. Here's the reason it won't be selling them any time soon.

GM Records Its Highest Profit Ever: $7.6 Billion

General Motors earned its largest profit ever in 2011, two years after it nearly collapsed into financial ruin. Strong sales in the U.S. and China helped the 103-year-old carmaker turn a profit of $7.6 billion, beating its old record of $6.7 billion in 1997 during the pickup truck and SUV boom.

Car Wars: Is Ford Better Than GM?

GM workers ratified a collective bargaining agreement Wednesday morning, while Ford tries to pare down the average $58 an hour it currently disburses in pay and benefits. But labor relations aside, Ford -- sole refuser of government largesse -- is the company to invest in right now. Here's why.

Is It Time for Unions to Sober Up?

In this economy, many Americans feel grateful to have jobs in the first place. The nation's high unemployment rate makes recent video of some of Chrysler's unionized workers drinking and smoking pot on the job all the more galling. It's time for unions to stop protecting slacker employees.

Resurgent Ford Awards Top Two Execs $99 Million in Stock

Ford CEO Alan Mulally and Executive Chairman Bill Ford, have been awarded $56.5 million and $42.4 million in stock, respectively, in recognition for the company's stunning turnaround, which resulted in the automaker raking in $6.6 billion last year -- its best performance in more than a decade.

GM Withdraws $14 Billion Federal Loan Application

Back in 2009, General Motors applied to the Department of Energy for $14.4 billion in loans to help it manufacture more fuel-efficient vehicles. Today, with the automaker making big strides in turning around its business, GM said it no longer needs or wants the money.

Chrysler Finds It Can Be Profitable Selling Fewer Cars

The smallest of the Detroit Three, Chrysler has made substantial strides in turning around its business, including lowering the number of vehicles it needs to sell to make a profit. The automaker had pegged 1.65 million as its operating break-even point, but has just lowered this to about 1.5 million vehicles.

Fiat Boosts Stake in Chrysler to 25% After Hitting Milestone

Italian automaker Fiat increased its stake has in Chrysler Group to 25% after the U.S. automaker met a key goal by starting engine production at a plant in Dundee, Mich., the company said Monday during the North American International Auto Show in Detroit.

Fiat May Raise Its Stake in Chrysler to 51% Before IPO

Fiat CEO Sergio Marchionne said Monday that he could increase Fiat's ownership in Chrysler to more than 50% should America's smallest domestic automaker seek to return to the stock market this year, but that he doesn't plan to merge the companies' operations.

GM's IPO: Recovery -- Not the End of the Road

Considering where the iconic carmaker has been in recent years, the pending IPO -- and robust investor demand for shares -- is a remarkably positive step. But GM still has plenty of problem spots that will need fixing if this historic event is to have lasting meaning.

General Motors May Raise Its IPO Price

GM reportedly plans to raise the price range on its pending initial public of stock to as much as $33 a share. The increase to $31 to $33 a share from the initial $26 to $29 a share is being prompted by strong demand for the stock.