auto industry bailout

GM and Chrysler Will Pay Bonuses to Salaried Workers

Less than two years after they exited bankruptcy, Chrysler Group and General Motors will soon distribute bonuses to salaried employees in recognition of their efforts to help revive the once-flagging Detroit automakers. The payout is likely to anger the companies' unionized workers.

China's Largest Automaker Weighing GM Stock Purchase

China's SAIC Motor is considering taking a stake in General Motors when the Detroit-based automaker begins its public offering of stock later this year. Though some Americans will likely object to foreign ownership, GM's stakeholders will likely need all the help they can get unloading shares.

GM Execs Upbeat Despite Weak August Sales

GM reported Wednesday that sales fell 25% in August as the U.S. economic recovery appeared to stall and cautious consumers held back on buying cars. But despite the downturn, GM officials said they remain upbeat that the hard-hit auto industry will continue to improve in the months ahead.

U.S. to Guarantee $3.1 Billion Loan to Ford

The U.S. government will guarantee a $3.1 billion loan to Ford Motor Co. (F) to help the carmaker export over 200,000 cars to Canada and Mexico. "Export-Import Bank of the United States will announce a new loan guarantee for Ford that will finance 3.1 billion dollars of export sales," The White House said, according to Agence-France Presse.

Ford Deserves More Respect on Wall Street

Who would have thought Ford would emerge as one of the most innovative -- and one of the most profitable -- automakers after being declared almost dead three years ago? The stock is well off its recent high and some analysts say that's just wrong.

Car Sales Surge at End of 2009

December may go down as one of 2009's better months for car sales thanks to a late surge by bargain-hungry consumers. A major factor in the surge is a big sale by Pontiac and Saturn, which comes as General Motors prepares to shut down the struggling brands.

GM's Saab Story Not Over Yet

After announcing Friday that it would shutter Swedish car maker Saab, GM has reportedly received several inquiries from potential buyers. One is from previously rejected Saab suitor Spyker Cars, which has submitted a revised bid that expires at 5 p.m. Monday.