Editorial Results (free)
1. Small, Midsize SUVs Drive April Auto Sales Gains
- Monday, May 04, 2015
Hot sales of small and midsize SUVs drove auto sales higher last month as General Motors, Ford, Toyota, Fiat Chrysler and Nissan all reported U.S. sales gains.
Several of the companies reported their best April totals in years. Overall, sales were mostly in line with analysts’ predictions of a 6 percent increase compared with a year ago. All automakers were scheduled to report sales on Friday.
2. Government Ups Air Bag Warning
- Thursday, October 23, 2014
DETROIT (AP) — The U.S. government is now urging owners of nearly 8 million cars and trucks to have the air bags repaired because of potential danger to drivers and passengers. But the effort is being complicated by confusing information and a malfunctioning website.
3. December Auto Sales Falter; 2013 Still Best in 6 Years
- Monday, January 06, 2014
December U.S. auto sales slowed a bit from the brisk pace earlier this year, but automakers still were on target to finish 2013 with the best numbers in six years.
Nissan posted an 11 percent gain for December and Chrysler managed a 6 percent increase. But General Motors, Toyota, Ford and Volkswagen each posted disappointing numbers. Still, most major automakers reported at least a 7 percent increase for 2013, and analysts expect full-year sales to be up around 8 percent to 15.6 million when all the numbers are in. That would be the highest sales figure since 16.1 million in 2007.
4. Holiday Weekend Gives a Boost to Auto Sales
- Wednesday, December 04, 2013
DETROIT (AP) – The holiday weekend was good to U.S. automakers, as November sales rose 9 percent to beat strong numbers from a year ago.
Sales ran at an annual rate of 16.4 million cars and trucks last month, making it the best rate of the year according to Autodata Corp.
5. US Factories Rebound With Best Growth in 2 Years
- Friday, August 02, 2013
WASHINGTON (AP) – U.S. factories revved up production, hired more workers and received a surge of new orders in July, helping them expand at the fastest pace in two years. The gains suggest manufacturing is rebounding and could provide a spark to economic growth.
6. Tennessee Officials Hope to Lure Fiat-Chrysler to State
- Tuesday, June 18, 2013
PULASKI, Tenn. (AP) – State officials are making the case to Fiat head Sergio Marchionne to select Tennessee for the Italian automaker's joint headquarters with Chrysler Group LLC.
7. US Auto Sales See Big Gains in May
- Tuesday, June 04, 2013
DETROIT (AP) – Price cuts at Nissan and strong demand for pickup trucks helped U.S. auto sales rebound in May after a slight dip in April.
General Motors reported its strongest monthly sales since September of 2008. Chrysler, Ford, and Toyota also reported increases. Nissan Motor Co. notched its highest May sales ever after cutting prices on seven popular models early in the month. Only Volkswagen said sales fell compared with May of last year.
8. Automakers Report Growing US Sales in February
- Monday, March 04, 2013
DETROIT (AP) – Americans want new cars and trucks, and they're not going to let higher gas prices or political dysfunction in Washington stand in their way.
General Motors, Toyota, Ford and most other automakers posted at least modest sales gains for February. Industry analysts estimate last month's sales rose about 7 percent from a year earlier as pent-up demand and cheap financing kept the U.S. auto sales recovery powering along.
9. Why Geithner's Treasury Leadership Proved Divisive
- Friday, January 25, 2013
WASHINGTON (AP) – President Barack Obama has saluted the outgoing Timothy Geithner as one of the best U.S. Treasury secretaries ever. He's surely been among the most contentious.
Not since the Great Depression had an administration inherited so many grave financial threats at once. To many, Geithner deserves credit for helping steady the banking system and helping restore investor confidence. Yet his toughest critics say Geithner's policies consistently favored big banks over ordinary struggling Americans.
10. No More Government Motors: US Selling GM Shares
- Thursday, December 20, 2012
DETROIT (AP) – The U.S. government's foray into the car business is slowly coming to an end.
The Treasury Department said Wednesday that it will sell its remaining stake in General Motors in the next year or so, winding down a $50 billion bailout that saved the iconic American car giant but also set off a heated debate about government intervention in private business that even influenced this year's presidential election.
11. Consumers Give US Economy a Lift Before Election
- Friday, November 02, 2012
WASHINGTON (AP) – A flurry of reports Thursday showed that U.S. consumers are growing more confident and spending more, boosting a still-weak economy just five days before the presidential election.
12. J.D. Byrider Brings First Franchise To Memphis
- Friday, October 26, 2012
The nation’s largest used car franchise company has entered the Memphis market. Carmel, Ind.-based J.D. Byrider has inked 30,900 square feet at 2580 Mount Moriah Road, marking the company’s second Tennessee dealership.
13. US Poverty on Track to Rise to Highest Since 1960s
- Tuesday, July 24, 2012
WASHINGTON (AP) – The ranks of America's poor are on track to climb to levels unseen in nearly half a century, erasing gains from the war on poverty in the 1960s amid a weak economy and fraying government safety net.
14. Carmakers Report Strong June Sales, Easing Worries
- Wednesday, July 04, 2012
DETROIT (AP) – From mini cars to monster pickups, sales of vehicles charged higher in June and eased concerns that Americans would be turned off by slower hiring and other scary headlines.
15. WHO's Cancer Agency: Diesel Fumes Cause Cancer
- Wednesday, June 13, 2012
LONDON (AP) – Diesel fumes cause cancer, the World Health Organization's cancer agency declared Tuesday, a ruling it said could make exhaust as important a public health threat as secondhand smoke.
16. Residential Capital Seeks Chapter 11 Protection
- Tuesday, May 15, 2012
DETROIT (AP) – The U.S. government is hoping that Monday's bankruptcy filing by Ally Financial Inc.'s troubled mortgage business will help the company repay its government bailout faster.
17. Auto Sales Surge in March, Led by Small Cars
- Wednesday, April 04, 2012
DETROIT (AP) – Appealing small cars, low interest rates, truck deals and unseasonably warm weather helped the auto industry achieve its best monthly performance in almost four years in March.
18. Super Bowl MVPs
- Wednesday, February 08, 2012
Would you write a check for $116,000 for one second of TV airtime?
That was precisely the question Super Bowl advertisers faced this year. Thirty-second ads sold for a record $3.5 million, up a whopping 17 percent from last year.
19. US Service Firms Expanded in Nov. at Slower Pace
- Tuesday, December 06, 2011
WASHINGTON (AP) – Service companies, which employ 90 percent of the U.S. work force, expanded at a slower pace in November and a measure of employment at those firms fell.
Separately, the government said orders to U.S. factories dropped for the second straight month.
20. US Auto Sales Look Strong in November
- Friday, December 02, 2011
DETROIT (AP) – People are finally replacing the cars and trucks they held on to during the economic slump, giving a boost to U.S. auto sales in November.
Chrysler, Ford and Nissan were among the companies reporting double-digit gains from last November, which is normally a lackluster month because of colder weather and holiday distractions. This November, buyers were lured by good deals, improving confidence in the economy and the need to trade in older cars.
21. Factory Activity Slows as Economy Stays Sluggish
- Wednesday, November 02, 2011
WASHINGTON (AP) – U.S. manufacturing grew more slowly in October, hampered by weaker demand for exports and slower production at factories.
But companies ordered more goods, factories slashed their stockpiles and auto sales rose. Those trends suggest manufacturing activity could rebound in coming months.
22. Trucks, SUVs Power Strong Auto Sales in October
- Wednesday, November 02, 2011
DETROIT (AP) – Car buyers were out in force in October, snapping up trucks and SUVs and taking advantage of deals on Japanese cars.
U.S. car and truck sales were expected to top 1 million in October, a surprising number for a month when sales are usually slow. When adjusted for seasonal factors, that would be the best pace since the "Cash for Clunkers" program in August 2009.
23. Ford to Add 5,750 US Jobs as Part of New Contract
- Wednesday, October 05, 2011
DEARBORN, Mich. (AP) – Ford Motor Co. said Tuesday it will add 5,750 jobs and invest $4.8 billion in its U.S. factories as part of a new contract deal with the United Auto Workers union.
24. US Auto Sales Up in September on Big Trucks
- Tuesday, October 04, 2011
DETROIT (AP) – Pickups and SUVs boosted U.S. autos sales in September as dealers offered promotions, gas prices fell and contractors replaced aging fleets of work trucks.
Truck sales at General Motors, Chrysler and Ford grew in the double digits, outpacing cars. The September increases built on a healthy performance in August, when new models, cheaper financing and pent-up demand lifted the industry after several disappointing months.
25. General Motors Workers Ratify New Labor Contract
- Thursday, September 29, 2011
DETROIT (AP) – Factory workers at General Motors have voted overwhelmingly to approve a new four-year contract with the company that has profit-sharing instead of pay raises for most workers and promises thousands of new jobs.
26. House Disaster Vote Sets up Showdown With Senate
- Thursday, September 22, 2011
WASHINGTON (AP) – Despite opposition from Democrats and some tea party Republicans, the GOP-controlled House on Wednesday took up $3.7 billion in disaster relief as part of a bill to avert a government shutdown at the end of the month.
27. UAW, Automakers Continue Talks as Deadline Nears
- Thursday, September 15, 2011
DETROIT (AP) – United Auto Workers negotiators say they made progress with General Motors Co. during contract talks Tuesday night, but both sides are quickly approaching a deadline to reach new deals with GM and Chrysler Group LLC.
28. US Auto Industry Uneasy After Weak July Sales
- Wednesday, August 03, 2011
DETROIT (AP) – Auto sales were expected to rise only slightly in July, adding to concerns in the industry that Americans are pulling back on car buying.
Analysts predicted a small increase in U.S. sales of new cars and trucks. A lack of discounts and lingering shortages of Japanese cars kept many buyers away. Americans also worried about the economy.
29. GM, Ford June Sales Rise, Honda Falls
- Monday, July 04, 2011
DETROIT (AP) – Gas prices have hit a sweet spot for U.S.-based automakers. They've fallen enough to spur pickup truck sales, yet remain so high that newer small cars are selling as well.
30. GM to Raise Car Prices Due to Oil, Metal Costs
- Tuesday, April 19, 2011
DETROIT (AP) – General Motors Co. said Monday it will raise car and truck prices by an average of $123 per vehicle to make up for its increased oil and metal costs.
31. Auto Sales Up on Jobs Outlook, Fuel-Efficient Cars
- Monday, April 04, 2011
DETROIT (AP) – U.S. sales of new cars and trucks rose in March, helped by a brighter jobs outlook and rising sales of fuel-efficient vehicles.
New vehicle sales rose 11 percent at General Motors, 16 percent at Ford, 23 percent at Honda and 27 percent at Nissan, all aided by sales of smaller, more efficient cars and crossovers, which look like truck-based SUVs but are more fuel efficient and nimble because they are built on car underpinnings.
32. Crump Commercial Sets Sights on Continued Success
- Monday, March 07, 2011
To many Memphians, the name Crump is a familiar one.
The legacy of former Memphis mayor E.H. “Boss” Crump is felt across the political landscape and can be seen in everything from a boulevard to a football stadium
33. GM Leads Auto Sales Jump With 49 Percent Increase
- Wednesday, March 02, 2011
DETROIT (AP) – General Motors Co. led automakers with a 49 percent U.S. sales jump last month, aided by sweeter financing and lease deals and strong demand for newer models.
34. GM, Chrysler, Kia Report Big Jan. US Sales Gains
- Wednesday, February 02, 2011
DETROIT (AP) – U.S. sales of cars and trucks rose in January, a strong start to what the auto industry hopes will be an extension of last year's recovery.
In another good sign, sales to individuals were better than sales to fleet buyers such as rental-car companies, which are far less profitable for automakers
35. US Auto Sales Rise in 2010, But Remain Below Highs
- Wednesday, January 05, 2011
DETROIT (AP) — U.S. auto sales sputtered back to life in 2010 and car companies expect them to keep climbing this year as the economy recovers and buyers grow more confident.
With sales of around 11.5 million new cars and trucks, 2010 was still the second-worst year in almost three decades, after 2009. And car companies are starting to wonder if they will ever reach the heights they saw in the early 2000s, when credit was cheap, incentives were rampant and sales topped 17 million.
36. November Auto Sales Show Industry in Recovery
- Friday, December 03, 2010
DETROIT (AP) – After a year of watching auto sales slowly increase month by month, industry executives are finally willing to firmly declare that the U.S. market is in recovery.
People who had been too afraid to make a big car purchase are finally coming back to dealerships, a little more confident that they won't lose their jobs. And that's reflected in November's auto sales figures: Industry sales were up 16.9 percent for the month compared with a year ago. Ford, General Motors, Chrysler, Honda, Nissan and Hyundai all posted double-digit gains.
37. Automakers Report Stronger October US Sales
- Thursday, November 04, 2010
DETROIT (AP) – U.S. auto sales rose in October as buyers grew more confident in the economy and new models drew them into dealerships.
General Motors Co., which is preparing for an initial stock offering expected later this month, saw sales rise 3.5 percent in October. Last month is shaping up to one of the industry's best since August of 2009, when big government discounts spurred Americans to buy more cars and trucks.
38. Treasury Announces New Warrant Auctions
- Wednesday, September 08, 2010
WASHINGTON (AP) – The government said Tuesday it will auction warrants it received from two giant insurance companies as part of its efforts to recoup costs of the $700 billion financial bailout.
39. US Auto Sales Rise, Helped by Credit, Promotions
- Wednesday, August 04, 2010
DETROIT (AP) – Automakers posted higher U.S. sales last month, a sign that Americans are still willing to buy big-ticket items even though concerns linger about the economy and hiring.
After a sluggish June, sales rose slightly for General Motors Co. and Chrysler. Foreign-based companies such as Toyota and Honda posted bigger gains. Ford, meanwhile, had flat sales.
40. Dim Retail Sales Hurt Economy as Fed Sees Weaknesses
- Thursday, July 15, 2010
WASHINGTON (AP) — A second straight month of declining retail spending will likely keep unemployment high and help weaken the recovery.
Not everyone is suffering, though. Shoppers with stable jobs and steady pay can find lots of bargains. The economy is bleaker for anyone seeking a job or at risk of losing one. Still, Americans as a group are spending less, and that threatens the pace of the recovery.
41. Ford Motor to Repay $4B More in Debt
- Thursday, July 01, 2010
DETROIT (AP) – Ford Motor Co., the only Detroit automaker to avoid bankruptcy protection, said Wednesday it will reduce its huge debt by another $4 billion as it continues to show signs of financial strength.
42. Geithner Sees US Taxpayer Recovery on Bailout
- Wednesday, June 23, 2010
WASHINGTON (AP) — Members of a watchdog panel on Tuesday pressed Treasury Secretary Timothy Geithner on looming losses for banks and foreclosure relief for struggling homeowners, as he assured them that U.S. taxpayers are recovering their investment from the $700 billion financial bailout.
43. Chrysler Recalls Almost 700,000 Jeeps, Minivans
- Tuesday, June 08, 2010
DETROIT (AP) — Chrysler is recalling almost 600,000 minivans and Jeep Wranglers in the United States and another 100,000 elsewhere because of brake or wiring problems that could create safety issues, the company and federal regulators said Monday.
44. First-Time Jobless Claims Drop for Second Week
- Friday, June 04, 2010
WASHINGTON (AP) - New claims for unemployment insurance fell for the second straight week, fresh evidence the job market is slowly improving.
And productivity grew at a slower rate in the first quarter of this year than previously thought, suggesting that businesses are reaching the limits of their ability to boost output with fewer workers. That implies they will need to hire more employees.
45. CEO Sees Ford Continuing to Improve Into 2011
- Friday, May 14, 2010
WILMINGTON, Del. (AP) — Ford's chief executive told shareholders that the second-largest U.S. automaker will see "continuing improvement" into 2011 but wouldn't say when the company might reinstate a dividend.
46. GMAC Posts Q1 Profit, Plans to Rename Itself Ally
- Tuesday, May 04, 2010
NEW YORK (AP) - GMAC Financial Services on Monday posted its first quarterly profit in more than a year and announced plans to rename itself Ally Financial Inc., as the consumer lender aims to put a failed foray into the mortgage business behind it.
47. Accredo Revenues Hit $2.7 Billion
- Thursday, April 29, 2010
The revenues of Accredo Health Group Inc. reached $2.7 billion during the first quarter of this year, setting another record for the Memphis-based company.
48. Accredo posts another record quarter with $2.7 billion in revenue
- Wednesday, April 28, 2010
The revenues of Accredo Health Group Inc. reached $2.7 billion during the first quarter of this year, setting another record for the Memphis-based company.
49. New Bank Tax Picks Up Support in Congress
- Wednesday, April 21, 2010
WASHINGTON (AP) - A new tax on large banks is picking up support in Congress as Democratic lawmakers target financial institutions that benefited from the Wall Street bailout to help pay for the Democrats' election-year agenda.
50. Chrysler to Let 50 Dealers Rejoin Sales Network
- Monday, March 29, 2010
DETROIT (AP) — If your local Chrysler dealer was forced out of business by the company last year, it could soon be selling new cars again.
Chrysler Group LLC said Friday it is offering to reinstate 50 of the 789 dealers that it previously tried to drop while it was making its way through Chapter 11 bankruptcy protection.
51. Pay Cut for 25 Top Earners at 5 Bailed-Out Firms
- Wednesday, March 24, 2010
WASHINGTON (AP) - The administration's pay czar said Tuesday that the top 25 earners at five companies still receiving extraordinary aid from the government's bailout fund will be paid an average 15 percent less in 2010 than in 2009 under his restrictions.
52. Ex-Treasury Boss Paulson to Address AIG Bailouts
- Wednesday, January 27, 2010
WASHINGTON (AP) - A House panel probing the bailout of American International Group Inc. is sharpening its questions for two U.S. Treasury secretaries and a federal investigator who believes the Federal Reserve withheld documents.
53. Obama Tells Banks: 'We Want Our Money Back'
- Friday, January 15, 2010
WASHINGTON (AP) - President Barack Obama told banks Thursday they should pay a new tax to recoup the cost of bailing out foundering firms at the height of the financial crisis. "We want our money back," he said.
54. Fed Paid Record $46.1B to Treasury Last Year
- Wednesday, January 13, 2010
WASHINGTON (AP) - The Federal Reserve paid a record $46.1 billion in earnings to the U.S. Treasury Department last year, reflecting gains as the central bank bulked up its portfolio of securities to revive the U.S. economy and fight the financial crisis.
55. AP Source: Gov't Moves Closer on Fresh Aid to GMAC
- Thursday, December 31, 2009
WASHINGTON (AP) - A person with knowledge of the matter says the government is moving ahead on a fresh multibillion dollar cash infusion to stabilize auto financing company GMAC Financial Services.
56. GMAC Financial Services Q3 Loss Narrows
- Thursday, November 05, 2009
NEW YORK (AP) - GMAC Financial Services, the main lender for General Motors Co. and Chrysler Group LLC, said Wednesday its loss narrowed to $767 million in the third quarter, as its auto lending unit made money while its home mortgage unit reported another loss.
57. US: Full Recovery of Auto Investment Unlikely
- Tuesday, November 03, 2009
WASHINGTON (AP) - Taxpayers are unlikely to recover their full investment in General Motors or Chrysler, government investigators said Monday in the latest review to cast doubts that the government will recoup the $80 billion it poured into the two automakers.
58. Geithner: Legislation Won't Lead to More Bailouts
- Friday, October 30, 2009
WASHINGTON (AP) - U.S. Treasury Secretary Timothy Geithner said Thursday that giving the government the power to dismantle mammoth financial firms like Lehman Brothers will prevent future bailouts.
59. Treasury, GMAC in Talks for 3rd Round of US Aid
- Thursday, October 29, 2009
NEW YORK (AP) - GMAC, the former lending arm of General Motors Co., is in talks with the Treasury Department for a third injection of taxpayer aid, a further sign of the U.S. government's entrenchment in the auto industry.
60. US Plans Big Pay Cuts at Bailout Firms
- Thursday, October 22, 2009
WASHINGTON (AP) - The Obama administration plans to order companies that received huge U.S. government bailouts last year to sharply cut the compensation of their highest paid executives, according to a person familiar with the decision.
61. Bailed-Out Companies Detail New Expense Policies
- Tuesday, September 15, 2009
WASHINGTON (AP) - Companies that received billions of dollars of government aid have published policies meant to limit lavish expenses, new rules that follow reports of costly private jets, spa retreats and other corporate excess at firms receiving taxpayer money.
62. Wholesale Inventories Drop in July
- Monday, September 14, 2009
WASHINGTON (AP) – Businesses throughout the nation reduced inventories at the wholesale level for a record 11th consecutive month in July, although sales rose by the largest amount in more than a year, according to government data released Friday.
63. Survey Shows US Automakers Making Improvements
- Wednesday, August 19, 2009
NEW YORK (AP) - All three U.S.-based automakers are doing a better job of satisfying their customers than they were a year ago, according to a recent survey.
General Motors Co., Ford Motor Co. and Chrysler Group LLC all posted significant gains in this year's American Customer Satisfaction Index released Tuesday by the University of Michigan.
64. Factory Orders Unexpectedly Increase in June
- Thursday, August 06, 2009
WASHINGTON (AP) - Factory orders rose in June for the fourth time in five months, an unexpected gain and the latest sign of recovery in the ailing manufacturing sector.
The U.S. Commerce Department said Wednesday that factory orders rose 0.4 percent, after a 1.1 percent increase in May. Economists expected a 1 percent drop, according to a survey by Thomson Reuters.
65. US Official: Clunker Car Deals Could End by Friday
- Tuesday, August 04, 2009
WASHINGTON (AP) - The U.S. government's wildly popular "cash for clunkers" program, offering $4,500 rebates to customers who trade in gas guzzling vehicles, is likely to end Friday if the Senate does not approve $2 billion more for it, the White House says.
66. GM Buyout Offers Fall Short of Goal, Layoffs Loom
- Tuesday, August 04, 2009
DETROIT (AP) - About 6,000 General Motors Co. blue-collar workers have taken the latest round of early retirement and buyout offers, but it fell short of the company's goal, meaning more layoffs are likely.
67. Accredo Hits Record With Quarterly Revenue of $2.38B
- Thursday, July 30, 2009
Accredo Health Group Inc. set another record with quarterly revenue of $2.38 billion and maximized the impact of that benchmark by improving its operating income by 30.5 percent.
68. Task Force Head Says Gov't Wants to Sell Car Stock
- Tuesday, July 28, 2009
DETROIT (AP) - The Obama administration plans to sell its shares in General Motors Co. and Chrysler Group LLC as soon as it can, the head of the autos task force told a congressional panel Monday.
69. Debt Reduction Pushes Ford to $2.3B Q2 Profit
- Friday, July 24, 2009
DEARBORN, Mich. (AP) - Helped by a lightened debt load, Ford Motor Co. posted a surprise second-quarter profit of $2.3 billion Thursday, following the worst loss in company history a year earlier. Shares rose 9 percent in afternoon trading.
70. Chrysler to Match 'Cash for Clunkers' Incentive
- Thursday, July 23, 2009
AUBURN HILLS, Mich. (AP) - Chrysler Group LLC said Wednesday it is offering $4,500 in cash toward the purchase of a new vehicle as it seeks to match a government incentive for people to trade in their old gas guzzlers.
71. Some Bailout Firms Up Lobbying Spending in Q2
- Wednesday, July 22, 2009
WASHINGTON (AP) - As Congress spent much of the last three months looking at ways to tighten regulations on financial institutions, some of the biggest recipients of the government's $700 billion bailout increased their spending on influencing legislators.
72. CIT Won't Get Bailout, Raising Bankruptcy Prospect
- Friday, July 17, 2009
WASHINGTON (AP) - CIT Group Inc. shares tumbled more than 70 percent Thursday as its inability to get emergency government funding raised expectations that the commercial lender will file for bankruptcy protection.
73. GM Sale Cleared, Path Opens to Exit Chapter 11
- Friday, July 10, 2009
DETROIT (AP) - The path is now clear for General Motors Corp. to leave bankruptcy protection in record time as a leaner company that is better equipped to compete in a brutal global auto market.
74. Judge Denies Motion to Fast-Track GM Sale Appeal
- Thursday, July 09, 2009
NEW YORK (AP) - The sale of most of General Motors' assets is moving closer to completion, after a bankruptcy judge denied motions by groups with asbestos and injury-related claims seeking to halt the sale and appeal directly to the 2nd Circuit Court of Appeals.
75. Auto Parts Maker Lear Corp. Files for Chapter 11
- Wednesday, July 08, 2009
NEW YORK (AP) - Automotive parts supplier Lear Corp. filed for bankruptcy protection on Tuesday after receiving support it needed from lenders and bondholders to reorganize its struggling business.
76. GM Urges Quick Approval of Sale Plan
- Friday, July 03, 2009
NEW YORK (AP) - An attorney for a trio of bondholders opposed to General Motors' sale plan on Thursday urged a judge to call the government's bluff and require the automaker to restructure itself through a more traditional bankruptcy process instead of through the quick sale of its assets.
77. Gov't Won't Fund GM After July 10, Official Says
- Thursday, July 02, 2009
NEW YORK (AP) - A senior member of President Barack Obama's auto task force testified Wednesday that the U.S. government will not continue to fund General Motors Corp.'s operations if the automaker doesn't get approval to sell its assets to a new company within the next 10 days.
78. Ford, Nissan, Tesla's Electric Plans Get $8B Jolt
- Wednesday, June 24, 2009
DEARBORN, Mich. (AP) - Cultivating the next generation of fuel-efficient vehicles, the Obama administration said Tuesday it would lend $5.9 billion to Ford Motor Co. and about $2.1 billion to Nissan Motor Co. and Tesla Motors Inc. in a government-industry partnership to build green cars.
79. GM, Chrysler Executives Defend Dealership Closings
- Monday, June 15, 2009
WASHINGTON (AP) - General Motors and Chrysler executives defended the closings of hundreds of dealerships Friday as House lawmakers questioned whether the decisions would save any money or help the troubled companies rebound.
80. US Gov’t Seeks to Rein in Executive Pay
- Friday, June 12, 2009
WASHINGTON (AP) – The Obama administration is taking a half-step toward taming U.S. executive pay. Some lawmakers prefer a fuller stride.
Democrats on the House Financial Services Committee said Thursday the administration’s efforts to hector the private sector into reining in executive pay might not go far enough.
81. Fiat Closes Deal to Take Bulk of Chrysler's Assets
- Thursday, June 11, 2009
DETROIT (AP) - Italy's Fiat is the new owner of most of Chrysler's assets, closing a deal Wednesday that saves the troubled U.S. automaker from liquidation and places a new company in the hands of Fiat's chief executive.
82. Congress to Consider 'Cash for Clunkers' Plan
- Wednesday, June 10, 2009
WASHINGTON (AP) - Consumers could receive rebates of up to $4,500 for turning in their gas-guzzling cars and trucks for more fuel-efficient vehicles under a House proposal.
President Barack Obama has urged Congress to approve consumer incentives for new car purchases as part of the government's efforts to reorganize General Motors Corp. and Chrysler LLC through the bankruptcy courts.
83. Chrysler Dealers Question Franchise Terminations
- Friday, June 05, 2009
NEW YORK (AP) - A parade of Chrysler dealers slated to lose their franchises took the stand Thursday in the automaker's bankruptcy protection case, one choking back tears, as they touted their sales and service records and questioned how they were chosen for termination.
84. GM, Chrysler Say Slashing Dealerships Necessary
- Thursday, June 04, 2009
WASHINGTON (AP) - The chiefs of General Motors and Chrysler told skeptical lawmakers on Wednesday they have too many dealers to support their slimmed down operations and sacrifices must be shared as they fight to overcome bankruptcy and survive. They acknowledged that slashing dealerships is causing pain in communities around the country.
85. Cabinet Officials Head to Hard-Hit Auto States
- Thursday, June 04, 2009
LANSING, Mich. (AP) - Officials in four Midwestern states badly hurt by the auto industry's woes are lining up to ask the Cabinet secretaries crisscrossing the region for a better deal when it comes to getting funds from the federal recovery act.
86. Appeals Court to Hear Appeal of Chrysler Sale
- Thursday, June 04, 2009
NEW YORK (AP) - A federal appeals court late Tuesday halted Chrysler's sale of the bulk of its assets to Italy's Fiat pending an appeal by a trio of Indiana state pension and construction funds.
87. AP Source: GM to Sell Hummer to Chinese Company
- Wednesday, June 03, 2009
DETROIT (AP) - General Motors Corp. took a key step toward its downsizing on Tuesday, striking a tentative deal to sell its Hummer brand to a Chinese manufacturer, while also revealing that it has potential buyers for its Saturn and Saab brands.
88. Judge OKs Sale of Most Chrysler Assets to Fiat
- Tuesday, June 02, 2009
NEW YORK (AP) - A federal bankruptcy judge approved the sale of most of Chrysler LLC's assets to Italy's Fiat, moving the American automaker a step closer to its goal of a quick exit from court protection.
89. Chrysler Heads to Court for Key Bankruptcy Hearing
- Thursday, May 28, 2009
NEW YORK (AP) - The future of Chrysler hangs in the balance as it heads to court Wednesday to ask a bankruptcy judge for permission to sell the bulk of its assets to a group headed by Italy's Fiat in hopes of saving itself from liquidation.
90. GM Says Bondholder Offer Fails; Bankruptcy Likely
- Thursday, May 28, 2009
DETROIT (AP) - A General Motors Corp. bankruptcy filing seemed inevitable after a rebellion by its bondholders forced it to withdraw on Wednesday a plan to swap bond debt for company stock.
91. New Jobless Claims Drop, Benefit Rolls Reach 6.7M
- Friday, May 22, 2009
The number of newly laid-off workers requesting unemployment insurance dropped slightly last week after spiking because of auto layoffs, while continuing jobless claims moved closer to 7 million.
Jobs are likely to remain scarce through next year and maybe beyond that even though the overall economy seems to be picking up. Fresh evidence of improvement came Thursday from a private research group. It said its index of leading indicators rose in April for the first time in seven months.
92. Chrysler Exec Says Sales OK Despite Bankruptcy
- Friday, May 22, 2009
DETROIT (AP) - Chrysler LLC's Chapter 11 filing so far doesn't appear to be affecting May sales, a top executive said Wednesday.
93. Geithner: Bank Payback $25B Over Next Year
- Thursday, May 21, 2009
WASHINGTON (AP) – U.S. Treasury Secretary Timothy Geithner said Wednesday a new public-private partnership to help U.S. banks shed their bad assets will begin operating in the next six weeks.
94. Judge OKs Use of $4.96B in Financing
- Thursday, May 21, 2009
NEW YORK (AP) - A bankruptcy judge ruled Wednesday that Chrysler can use $4.96 billion in government loans to keep operating and create a bridge to the sale of its most valuable assets to Italy's Fiat Group SpA.
95. Insurers Get OK For Treasury Funds
- Monday, May 18, 2009
LOS ANGELES (AP) – The U.S. Treasury Department has agreed to extend billions in bailout funds to six major life insurers, following a months-long quest by some in the sector for government help in shoring up capital positions in the wake of major investment losses.
96. Bailout Redux: Repaid Money Could Go Back to Banks
- Thursday, May 14, 2009
NEW YORK (AP) - After acing their "stress tests," some big banks are rushing to raise capital and return billions in federal bailout money. But don't expect it to replenish government coffers.
97. Group Drops Fight Against Chrysler Plan
- Monday, May 11, 2009
NEW YORK (AP) - The group of dissident Chrysler bond holders challenging Chrysler LLC's government-backed restructuring plans said Friday it is dropping its court fight.
98. Judge OKs Chrysler's Steps Toward Sale to Fiat
- Thursday, May 07, 2009
NEW YORK (AP) - The judge overseeing Chrysler LLC's Chapter 11 bankruptcy protection proceedings has ruled that the automaker can start taking steps toward selling the vast majority of its assets to Italy's Fiat Group SpA. The judge also said lawyers for a dissident group of lenders have until noon (1600 GMT) Wednesday to file a list of members with the court, ruling that their identities do not need to be sealed despite reported death threats.
99. Adviser: Unlikely Chrysler Will Repay Gov't Loans
- Tuesday, May 05, 2009
NEW YORK (AP) - One of the top financial advisers overseeing Chrysler LLC's restructuring testified in bankruptcy court Monday that there is a "low likelihood" that the automaker will be able pay back its billions of dollars in government loans.
100. Chrysler to Close 5 More Plants; Court Case Begins
- Monday, May 04, 2009
NEW YORK (AP) - Attorneys for Chrysler LLC said the company will file a motion by Saturday morning to sell substantially all of its assets to Italian automaker Fiat Group SpA, but that won't include eight plants, including five that the automaker revealed it will shutter by the end of next year.