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Toyota Motor Co.'s Scion brand tops the list of most reliable cars in Consumer Reports' annual vehicle reliability study, as Asian automakers continue to fill the top of the magazine's rankings. Among U.S. automakers, Ford Motor Co.'s brands ranked most reliable. ...more
October 24, 2008
Kirk Kerkorian's investment firm said Tuesday it sold 7.3 million of its shares in Ford Motor Co. and plans to further cut what is now a 6.1 percent stake, for a potential loss of more than half a billion dollars on the investment. ...more
October 22, 2008
General Motors Corp.'s efforts to hoard cash and outlast a prolonged economic slump claimed the jobs of more than 2,700 workers Monday as the automaker announced the demise of factories in Michigan and Wisconsin. ...more
October 15, 2008
So you think junior is a little too lead-footed when he drives the family car? Starting next year, Ford Motor Co. will give you the power to do something about it. ...more
October 7, 2008
If credit remains locked up and auto sales continue to slump, the federal government's $25 billion loan package for the auto industry could be a huge help in keeping Detroit's downtrodden automakers afloat, lawmakers and industry analysts say. ...more
September 30, 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
General Motors Corp. Chairman and CEO Rick Wagoner unveiled the automaker's long-awaited electric car Tuesday and said the turmoil in U.S. financial markets should not affect government loan guarantees that would help the auto industry develop high-tech vehicles. ...more
September 17, 2008
Volvo Cars said Friday it may have to cut 900 more jobs in Sweden in 2009 as the global car market continues to deteriorate. ...more
September 13, 2008
The nation's unemployment rate zoomed to a five-year high of 6.1 percent in August as employers slashed 84,000 jobs, dramatic proof of the mounting damage a deeply troubled economy is inflicting on workers and businesses alike. ...more
September 6, 2008
Ford Motor Co.'s appointment of veteran executive Stephen Odell to head its Volvo Cars operation likely means the U.S. automaker plans to keep the Swedish automaker and fix its problems rather than sell it, according to several industry analysts. ...more
September 3, 2008
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