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New car buyers have an extra incentive to ink a deal before the stroke of midnight Thursday. ...more
December 30, 2009
Minivan salesman Zhu Yi has a problem that most auto dealers elsewhere would happily swap for their own: He doesn't have enough vehicles to satisfy customer demand. ...more
December 29, 2009
On network news Monday night, a GM dealer bemoaned "the great uncertainty" of bankruptcy and the jobs lost by clerks, salesmen, janitors and others who work at the dealership. ...more
June 3, 2009
President Barack Obama asserted unprecedented government control over the auto industry Monday, rejecting turnaround plans from General Motors and Chrysler and raising the prospect of controlled bankruptcy for either ailing auto giant. ...more
March 30, 2009
Congress downsized a tax break for new car buyers. The compromise version of the economic stimulus bill includes a Senate-approved provision that would allow consumers to claim a federal income tax deduction for sales taxes and excise taxes paid on new vehicle purchases. ...more
February 14, 2009
The Senate voted Tuesday to give a tax break to new car buyers, setting aside bipartisan concerns over the size of an economic stimulus bill with a price tag edging above $900 billion. The 71-26 vote came as President Barack Obama said he lies awake nights worrying about the economy and signaled he'll try to knock out "buy American" provisions in the legislation to avoid a possible trade war. ...more
February 3, 2009
Even after a crucial deadline came and went, the financing arm of General Motors Corp. remained silent Saturday on whether it cleared a final hurdle to become a bank holding company and gain access to billions in federal bailout money. ...more
December 28, 2008
More new-vehicle buyers than ever cite inadequate gas mileage as a reason for choosing one car over another, according to a study of vehicle preferences. ...more
September 25, 2008
Ford Motor Co. is cutting North American production of pickups and SUVs as car buyers seeing record gas prices turn toward more fuel-efficient models. The automaker says it no longer expects to return to profitability by 2009 and didn't rule out layoffs and plant closings. ...more
May 23, 2008
When thousands of U.S. auto dealers gather in San Francisco this weekend, much of the talk will be about just getting through 2008. ...more
February 9, 2008
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