chrysler group

People@Work: Hard Times Haven't Made Workers Any Smarter

If the recession and subsequent high employment proves anything, it's this: The scarcity of jobs hasn't made workers any smarter. Just-fired CNN anchor Rick Sanchez is a good example. Unfortunately, he's hardly the only one.

For Automakers, 2010 Marks the Road to Recovery

After a disastrous 2009, the auto industry is counting on a return to relatively better days in 2010. Automakers saw sales plummet by a third last year to a little over 10 million. Now, a projected bump back up to 11.8 million is looking pretty good.

Ford, GM Sales Surge in January as Toyota Tumbles

Ford Motor and General Motors, the two largest U.S. auto makers, reported higher sales in January, as consumers steered cleared of the showrooms of the companies' nearest Japanese competitor, Toyota Motor, which is mired in massive recall involving millions of vehicles.

Bumper-to-Bumper Green Cars at Detroit Auto Show

What are car makers tooting their horns about? All the earth-friendlier engines at the Detroit auto show. Hyundai's plug-in Blue Will concept car and Nissan's all-electric Leaf are just a couple of the new models. Companies are keen to show they are serious about raising gas mileage and reducing emissions.

China Topples U.S. as No. 1 Auto Market

It took a massive recession to make it happen, but China eclipsed the U.S. in auto sales last year. Buoyed by government stimulus, Chinese consumers snatched up 10.3 million cars, while total vehicle sales reached 13.6 million. By contrast, in the U.S., which was the world's largest auto market for decades, sales were just 10.4 million cars and trucks, and 2009 will go down as the slowest sales year since 1982.

GM and Chrysler: A Hard Road in 2010

Once icons of American industrial might, GM and Chrysler have cut jobs, closed plants, eliminated models and shed storied brands. Racing to turn business around, both companies still have a long way to go to convince consumers their products are worthy of consideration.

No Sale: GM Will Send Saab
to the Scrapyard

General Motors plans to begin winding down operations of its Saab unit, after it was unable to reach a deal to sell the brand to Dutch concern Spyker Cars. This follows last month's collapse of a bid by Swedish luxury carmaker Koenigsegg Group to buy the 72-year-old automaker.