Seeking court’s help, GM hopes to stop suits
An unusual meeting took place this week at a law office high in a Times Square skyscraper. Lawyers from about 100 law firms participated, either in person or by phone. The agenda: solidifying a strategy for taking on General Motors in bankruptcy court.
Something went ‘very wrong’ at GM, chief says
Mary T. Barra, General Motors’ chief executive, announced another round of wide-ranging recalls Monday, a sign that the company was moving with a new sense of urgency on safety problems after it disclosed a decadelong failure to fix a defect tied to 12 deaths.
Chrsyler files for IPO under pressure from second-largest shareholder
DETROIT — Chrysler’s plan for a public stock offering would ordinarily be cause to celebrate the automaker’s comeback from its government bailout and bankruptcy in 2009. But the company’s filing for the offering, which came late on Monday, is hardly a moment of triumph.
Automakers report strong November sales
DETROIT — Automakers said Monday that new vehicle sales in the United States rose 15 percent in November, as the replacement of cars and trucks damaged in Hurricane Sandy contributed to the industry’s best monthly sales rate since 2008.
Ford closing three plants in European downsizing
The Ford Motor Co. has broken from the pack of troubled European automakers, announcing deep cuts that include shutting three factories in the region and eliminating 5,700 jobs.
Hybrid & electric cars gain traction in fuel economy
The formula for better fuel economy in cars has long been a simple equation: The smaller the vehicle, the farther it goes on a gallon of gas.
With the electric Nissan Leaf, the perks just keep coming
Tax credits, rebate checks, personalized home visits, government giveaways — even customer service calls from top corporate executives.
Data shows Toyota Camrys not recalled also had problems
Toyota has recalled 6 million cars in the United States over concerns about sudden acceleration. But an analysis of government documents shows that many Toyota Camrys built before 2007, which were not subject to recalls, have been linked to a comparable number of speed-control problems as recalled Camrys.
GM Shows Signs of Recovery Despite Quarterly Loss
General Motors, whose very survival was in doubt earlier this year, is showing signs of life after its brief tour through bankruptcy this summer.
Ford Returns to Profitability, But Faces New Challenges
While its cross-town rivals stumbled through bankruptcy this summer, the Ford Motor Co. pressed its advantage, and delivered surprising news Monday that its cost-cutting efforts and improving sales helped it earn nearly $1 billion in the third quarter.
Buy a GM, Like It, Or Get Your Money Back
Can a straight-talking Texan and a money-back guarantee persuade American consumers to buy a car from General Motors?
President Gives U.S. Automakers a Short Lifeline
President Barack Obama delivered an ultimatum to General Motors and Chrysler on Monday, telling them to adopt radical changes in short order or face bankruptcy — a move that came after a series of somber discussions in which he concluded that a controlled bankruptcy might be the best way to reorganize the two ailing auto giants.
Chief Fights for GM’s Future, and His
Rick Wagoner cannot afford to leave Washington this week without at least $10 billion in federal aid to keep General Motors in business.
In Washington, Car Companies Plead for Bailout
Executives of Detroit’s Big Three automakers traveled to Washington on Thursday to press their case for more financial aid from the federal government because of the bleak prospects for their industry.
U.S. Sales of New Cars and Trucks Plummet in October
Sales of new cars and trucks in the United States plummeted in October to levels not seen in the auto industry in 25 years.