General Motors Corp. Chairman and CEO Rick Wagoner will step down immediately at the request of the White House, administration officials said Sunday. The news comes as President Obama prepares to unveil additional restructuring efforts designed to save the domestic auto industry. ...more

March 29, 2009

The Obama administration was finishing work on a plan to give more financial aid to two Detroit automakers in return for tough cost-cutting measures that will ensure the companies' survival. ...more

March 28, 2009

Citing worsening U.S. economic conditions, GM and Chrysler told the Obama administration Tuesday that the companies need at least an additional $14 billion in loans to survive. ...more

February 18, 2009

Even by the standards of battered automakers, Chrysler is in dire shape. ...more

January 8, 2009

Detroit's automakers are making a second bid for $25 billion in congressional funding this week. CEOs from General Motors, Ford and Chrysler, who were criticized last month for traveling to Washington separately by private jets and faced pointed questions about their salaries, are seeking to defuse those issues. ...more

December 3, 2008

Detroit's Big Three automakers pleaded with Congress on Tuesday for a $25 billion lifeline to save the once-proud titans of U.S. industry, warning of a national economic catastrophe should they collapse. ...more

November 18, 2008

Chrysler LLC, whose owner has been in talks to sell the automaker to General Motors Corp., said Friday that it will cut 25 percent of its salaried work force starting next month and warned that it will make more restructuring announcements soon. ...more

October 25, 2008

Chrysler said Friday it is preparing to reveal some of its plans to its dealers next week, and one dealer said they will get a look at the next-generation electric vehicles the automaker is developing. ...more

September 20, 2008

Senate Banking Committee Chairman Christopher Dodd says Merrill Lynch & Co.'s $161.5 million compensation package for former chairman and Chief Executive Officer Stan O'Neal may revive efforts in Congress to give shareholders more power to curb CEO salaries. ...more

November 3, 2007

Chrysler pulled off a major coup Thursday, hiring away the highly-regarded Jim Press, Toyota's top North American executive, to run its sales and marketing operations. ...more

September 7, 2007