DETROIT (AP) - The Obama administration is likely to demand deeper concessions from Chrysler LLC and General Motors Corp. in exchange for additional federal loans, a person briefed on the government's plan said Friday. ...more

March 29, 2009

General Motors Corp.'s auditors have raised "substantial doubt" about the troubled automaker's ability to continue operations, and the company said it may have to seek bankruptcy protection if it can't execute a huge restructuring plan. ...more

March 5, 2009

General Motors on Thursday morning posted a loss of $30.9 billion in 2008 as the auto giant suffered one of its worst years in decades and as company leaders prepared to meet with U.S. government officials to detail the need for more federal money to survive. ...more

February 27, 2009

WASHINGTON (AP) - The leaders of President Barack Obama's auto industry task force said Friday the industry urgently needs an overhaul. ...more

February 22, 2009

Rushing to beat a deadline, General Motors and Chrysler last Tuesday afternoon filed required restructuring plans with federal officials. Chrysler wants $5 billion more in federal loans to stay afloat. GM needs another $9.1 billion now, with more requests likely down the road. ...more

February 22, 2009

For a year, General Motors has been singing the praises of the new Chevrolet Malibu, voted by auto writers as the 2008 North American Car of the Year and billed by GM Chairman Rick Wagoner as "the finest midsized car this country offers." To promote its launch, GM spent nearly $250 million on advertising, dubbing it "the car you can't ignore." ...more

February 21, 2009

E-Track Vehicles The Department of Justice says an online system allowing consumers to track a vehicle's detailed history, including whether it was stolen, will go live on Friday. The National Motor Vehicle Title Information System will be accessible for a fee through third-party Web sites. The department says the system will help consumers and law enforcement track brand history, odometer data and other vehicle background information to ensure it is not stolen and prevent fraud. ...more

January 30, 2009

As a charity that helps homeowners in a pinch, Lighthouse of Oakland County could use every penny it can collect as foreclosures and unemployment rise. But scratched from the 2009 calendar is its biggest fundraiser of the year, a black-tie dinner. ...more

January 2, 2009

The Bush administration is looking at "orderly" bankruptcy as a possible way to deal with the desperately ailing U.S. auto industry, Treasury Secretary Henry Paulson said Thursday as carmakers readied more plant closings and a half million new jobless claims underscored the deteriorating national economy. ...more

December 18, 2008

When the Super Bowl festivities roll into Tampa late next month, the party blitz and corporate spending that surround the big day may take a hit because of the economic crisis. ...more

December 5, 2008