big 3

The Obama administration's "cash for clunkers" program has gotten the U.S. auto industry off its deathbed. The program, which gives people up to a $4,500 incentive to exchange their old gas guzzlers for new, fuel efficient models, is more popular than officials imagined in their wildest...

The Obama administration's "cash for clunkers" program apparently blew through more than $1 billion in a week. Now, the U.S. Congress is scrambling to pass $2 billion in additional funding. But will that be enough? Officials from the automotive industry and the Obama administration were clearly...

General Motors Corp. (GM) is starting to stand on its own feet -- sort of. The no. 1 North American automaker does not need $2 billion in loans it sought for March because its cost cutting is starting to take hold, Chief Financial Officer Ray Young told the Associated Press. Shares of the Detroit...

As expected, General Motors Corp (NYSE: GM) and Chrysler LLC came with their hats in hand to the federal government seeking an additional $14 billion in additional aid to avoid bankruptcy. More help to the beleaguered industry probably will be needed before the end of the year, particularly if Ford...