Bailouts Misdirected If the U.S. government had truly considered a meaningful stimulus package with benefits for the American consumer, they could have taken the $750 billion dollars and divided it among every taxpaying citizen of the United States, requiring it to be used to reduce debt or purchase American-made products. ...more

December 12, 2008

The chief executive of Chrysler LLC said Monday that his company hasn't reached any new deals with other automakers but has spoken with outside parties interested in working with the Dodge and Jeep maker. ...more

October 14, 2008

Used-vehicle retailer CarMax said Wednesday that it is reducing staffing levels and will temporarily slow its store growth after seeing a sharp drop in car and truck sales because of high gas prices. ...more

August 7, 2008

Standard & Poor's Ratings Services on Thursday cut its ratings for all three of the U.S.-based automakers further into junk status, citing worries about their mounting cash losses and the continued deterioration of the U.S. auto market. ...more

August 1, 2008