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Auto lender GMAC Financial Services said it expects to announce a combined fourth-quarter net loss of about $5 billion, hurt by its struggling mortgage division. ...more
January 5, 2010
The National Highway Traffic Safety Administration says General Motors is recalling more than 22,000 Chevrolet Corvettes over problems with their removable roofs, which could separate from the vehicle. ...more
December 30, 2009
Dutch carmaker Spyker is giving General Motors Co. more time to consider its latest offer for car brand Saab. ...more
December 22, 2009
Citigroup and other banks starting to repay the billions of dollars they borrowed from the government are getting another boost as they exit the bailout program: Billions more in tax breaks. ...more
December 17, 2009
If Dutch luxury car maker Spyker doesn't buy the Saab brand, General Motors Co. will let it die a quiet death by Dec. 31, GM's chairman said Tuesday. ...more
December 16, 2009
Ford is cranking up the horsepower on the 2011 Mustang as it tries to win back muscle car sales from its archrival, the Chevrolet Camaro. ...more
December 1, 2009
A local couple has brought one of the latest eco-tourism based attractions to the Sponge Docks. ...more
November 21, 2009
General Motors Co. said Monday it lost $1.2 billion from the time it left bankruptcy protection through Sept. 30, far better than it has reported in previous quarters and a sign that the auto giant is starting to turn around its business. ...more
November 17, 2009
Ford, the only Detroit automaker to dodge direct government aid and bankruptcy court, surprised investors with net income of nearly $1 billion in the third quarter and forecast a "solidly profitable" 2011. ...more
November 3, 2009
General Motors Co. says its money-back guarantee - key to its revival - is going so well that it will extend the program into early 2010. ...more
October 30, 2009
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