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2010 Departures: People, Products and Brands We Said Good-Bye To
7:00AM 12/21/2010
While for most of us 2010 was a year of very gradual recovery, there were some moments of great loss. Over the course of the year, we said goodbye to a number of people, brands and products that have been a part of our lives for many years.
Here are 20 departures from 2010 that we'll miss (some...
MGM's new Red Dawn is a remake of the 1984 film, with Chinese and Russian soldiers standing in for the original Soviet and Cuban villains. Critics on both sides of the Pacific are already attacking it well ahead of its November release.
GM to Shut Down Hummer after Sale to Chinese Buyer Fails
5:15PM 2/24/2010
General Motors is shutting down Hummer after its bid to sell the military-style SUV brand to a Chinese company collapsed. Heavy-equipment maker Sichuan Tengzhong Heavy Industrial Machines pulled out because it was unable to get clearance from Chinese regulators within the proposed deal timeframe.
GM finalizes its sale of Sweden's Saab to Dutch luxury carmaker Spyker. But GM's planned sale of its Hummer division to China's Tengzhong may be running out of time.
GM and Chrysler Face Steep Road to Recovery in 2010
10:00AM 12/28/2009
Once icons of American industrial might, GM and Chrysler have cut jobs, closed plants, eliminated models and shed storied brands. Racing to turn their businesses around, both companies still have a long way to go to convince consumers their products are worthy of consideration.
IMF declares Asian economy is rebounding fast, even as shares tumble
7:00AM 10/29/2009
Asian markets fell Thursday, even as the International Monetary Fund declared, "Asia is rebounding fast from the depths of the global crisis," in its Regional and Economic Outlook report released today. China's Shanghai Composite Index fell 2.3 percent to close at 2,960, Hong Kong's Hang Seng Index...
Hummer, the off-road vehicle that once was a symbol of America's love for hulking trucks, is now in the hands of a Chinese heavy equipment maker.
General Motors Co. and Sichuan Tengzhong Heavy Industrial Machinery Corp. finally signed the much-anticipated deal to sell the brand on Friday,...
Many green-minded Americans can think of lots of reasons to knock Hummer owners these days. For starters, there's all the gas their road hogs burn: about 13 miles per gallon in the city for the H3 with four-wheel drive. Then there's the sheer size of the things. At 4,700 pounds for some models,...
The Transportation Department has released sales figures for Cash For Clunkers, one of the greatest frauds of the past few months, and the results are interesting.
Fifteen 2009 Hummer H3T's were sold and paid for in part with taxpayer money.
Hummers. Now defenders of the program will of course be...
On Wednesday, China took the latest step toward its ultimate acquisition of America's most famous lumbering four-wheeled beast. The country's Ministry of Commerce, which previously seemed opposed to the sale, suggested that it might be open to the eventual purchase of Hummer.
Ministry spokesman...
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