detroit

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.

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.

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.

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.

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.

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 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 excellent 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.