U.S. Auto Industry Is Revving Up for a Hiring Spree
The U.S. auto industry is about to go on a hiring spree as car makers and parts suppliers race to find workers to build the next generation of vehicles.
detroit
Save Detroit by Knocking Half of It Down: Crazy or Clever?
Bill Pulte, whose family built PulteGroup into the top U.S. homebuilder, says the way to revive Detroit is to raze half of it and consolidate.
America's First Big-City Bankruptcy of 2013
For the time being at least, Detroit can claim the distinction of having been the biggest U.S. city to ever go completely bust.
GM Profit Hit by Lower North American Earnings
General Motors' net income fell 14 percent to $865 million in the first quarter, weighed down by losses in Europe and weaker earnings in North America.
GM Boosts CEO Pay 44%; Gov't Still Owns 16.4% Stake
General Motors boosted Chairman and CEO Dan Akerson's pay package by 44 percent last year, as the value of his stock awards significantly increased.
Ford Earnings Jump Driven by Strong Truck and Fusion Sales
Ford reported better-than-expected first quarter earnings thanks in part to brisk sales of its Ford Fusion family sedan, which won AOL Autos Car of the Year honors for 2012.
Toyota Maintains Crown as World's Best-Selling Automaker
Toyota held onto its status as the world's top-selling automaker in the first quarter of this year, although the three-way race with GM and Volkswagen is proving tight.
GM Plans to Invest $332 Million in 4 U.S. Factories
General Motors plans to invest $332 million into four factories in three Great Lakes states to build new, more efficient engines and transmissions.
GM Recalls 34,000 Vehicles for Transmission Problems
General Motors is recalling nearly 34,000 Buicks and Cadillacs in the U.S., Canada and elsewhere to fix a problem with the automatic transmissions.
Detroit Emergency Financial Manager Kevyn Orr Had Tax Liens
Kevyn Orr, Detroit's new emergency financial manager, had two outstanding liens on his $1 million home in Chevy Chase, Md., for $16,000 in unemployment taxes in 2010 and 2011.
Chrysler Shares Could Soon Be On the Market Again
When Fiat CEO Sergio Marchionne took over Chrysler in 2009, it was considered a forgone conclusion that, eventually, he'd take the company public in an initial public offering. But now, Marchionne says the odds of an IPO are merely 50-50.
Dispatches from CES: The Hottest Mobile Tech Here Is On Wheels
Forget transforming your living room: There are a dozen or so automakers at this year's Consumer Electronics Show in Las Vegas proposing new technologies to transform your car, from Bluetooth health-monitoring to self-driving vehicles.
Couple Convicted of Stealing Hybrid Car Trade Secrets from GM
A former General Motors engineer and her husband were found guilty on Friday of conspiring to steal hybrid technology trade secrets for possible use by Chinese carmaker Chery Automobile. Shanshan Du and her husband, Yu Qin, will be sentenced in February.
Chrysler Recalls 919,000 Jeep SUVs to Fix Air Bags
Chrysler is recalling more than 919,000 older-model Jeep SUVs worldwide because the air bags can inflate while people are driving them. The recall affects Jeep Grand Cherokees from the 2002 through 2004 model years, and Jeep Libertys from model years 2002 and 2003.
Watch: Romney and Obama Talk About the Auto Bailout
In the final presidential debate, Mitt Romney and Barack Obama discuss the auto industry and focus on the city of Detroit.
Morgan Stanley Faces Discrimination Lawsuit Over Subprime Loans
Morgan Stanley is being accused of discriminating against black homeowners and violating federal civil rights laws by providing strong incentives to a subprime lender to originate mortgages that were likely to go unrepaid.
Pop Quiz: What Did Washington's Bailout Bonanza Buy for America?
The government's Great Recession bailouts are one of the hot topics of debate this election. But let's skip the rhetoric and run the numbers. If you think you know the facts about the bailouts, or if you're just curious, take a peek at our bailout quiz.
GM to Hire Up to 500 to Staff New Texas Computer Center
General Motors says it will hire up to 500 people -- software developers, project managers, database experts and business analysts -- to staff a new computer center in Austin, Texas.
Home Prices Rose in All Major U.S. Cities in May
Home prices rose in May from April in every city tracked by the Standard & Poor's/Case-Shiller home price index, a sign that increasing sales and tight inventories are supporting a modest housing recovery.
Huge Mich. Oil Spill Caused by Corporate Neglect, Inaction
Federal investigators say Canadian company Enbridge's neglect of cracks in one of its oil pipelines and its slow response to a 2010 rupture in southwestern Michigan caused the most expensive onshore spill in U.S. history.
Home Prices Rise in Nearly All Major U.S. Cities
Home prices rose in nearly all major U.S. cities in April, further evidence that the housing market is slowly improving. According to the Standard & Poor's/Case-Shiller home price index, the only top 20 metro area to see prices fall was Detroit.
Home Prices Rise in Most Major U.S. Cities for First Time in 7 Months
Home prices rose in March from February in most major U.S. cities for the first time in seven months. The increase is the latest evidence of a slow recovery taking shape in the troubled housing market.
Our Uneven Economic Recovery: The 10 Best and 10 Worst Cities
For the past few months, reports have repeatedly affirmed that the economy is slowly improving. However, as one recent study highlights, some areas are recovering much faster than others.
Tomorrow's Camaro: How GM Will Tone Up Classic Muscle Car
General Motors really wants you to love the Chevy Volt, but the GM car everyone actually lusts after is the Camaro. Now, with automakers under pressure to improve fuel economy, GM faces a challenge -- how to update a gas-guzzling V8 icon for a greener world.
No Bottom in Sight: Home Prices Set Post-Crisis Lows
Just when it looked like housing prices were bottoming out and now was the time to snap up the best bargains comes news that may make you want to wait. The latest S&P/Case-Shiller Home Price Indices show that real estate prices are continuing to descend.
Car Sharing Picks Up Speed: Should Detroit Be Worried?
Car sharing is sweeping the nation as companies cash in on the largely immobile nature of automobiles. Whether it's through a company-owned fleet or by encouraging neighbors to let each other borrow their wheels, it has never been easier to get by without a car.
Ford Can't Take a Joke, but It's Not the End of the World
Chevy's Super Bowl ad poking fun at Ford's pickups has turned into an all-out brawl in Detroit. Has Ford just lost its sense of humor, or is there more at stake here than meets the eye? Actually, there's a lot more -- and some of it's great news.
The Problem With Ford Isn't Ford
Shares of Ford fell sharply on Friday after the company reported a quarterly result below analysts' $0.26 a share expectations: $1.1 billion, or $0.20 a share. But despite the disappointing profit number, Ford's core business is actually in great shape.
Is American Manufacturing on Track for a Comeback?
Detroit's Big Three are in hiring mode again, and Japanese automakers are building cars in the U.S. to export to Asia. And they aren't the only ones ramping up U.S. production. Is America at the beginning of a new industrial age? The answer lies in China.
Ford Fusion Revamp Steals the Detroit Auto Show
There was nothing wrong with the old Ford Fusion. In fact, it had its best sales year ever in 2011. It's a good-looking, high-quality sedan and a good value. But when Ford took the wraps off the new Fusion this week, it had been transformed from a good hybrid to a deluxe hottie.