General Motors is heading to bankruptcy court on Tuesday to seek approval to sell its assets to a “New GM” in a plan to reinvigorate the automaker under U.S. government ownership. GM is seeking approval for the sale from U.S.
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Volkswagen AG and Ford Motor Co. scored at the top of a study assessing vehicle quality and owners’ enthusiasm for their purchases. VW and Audi models ranked first in five of the 17 segments measured by Strategic Vision Inc.
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An Obama administration official urged General Motors’ bankruptcy judge to approve a swift exit from Chapter 11 to boost consumer confidence in the auto maker.
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Ford’s top sales analyst said Monday U.S. auto sales may have stopped their month to month declines in June and could be down less than 30 percent for the first time since September of last year.
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The Transportation Department said it expects to issue final rules for the cash-for-guzzlers program around July 23 and warned dealers that they are legally responsible for any trade-ins structured before that date.
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General Motors said today it plans to emerge from bankruptcy protection without its 25-year-old California joint venture with Toyota Motor Corp. GM said it will place its 50 percent ownership stake in New United Motor Manufacturing Inc.
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General Motors said today it plans to emerge from bankruptcy protection without its 25-year-old California joint venture with Toyota Motor Corp. GM said it will place its 50 percent ownership stake in New United Motor Manufacturing Inc.
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General Motors said today it plans to emerge from bankruptcy protection without its 25-year-old California joint venture with Toyota Motor Corp. GM said it will place its 50 percent ownership stake in New United Motor Manufacturing Inc.
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Ford Motor Co. expects its U.S. sales for June to be down 10 percent to 20 percent from a year earlier, giving it a higher share of the largest auto market amid early signs demand has begun to stabilize, an executive said today.
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Ford Motor Co. expects its U.S. sales for June will decline by less than 20 percent, giving it a higher share of the largest auto market amid early signs that demand has begun to stabilize, an executive said today.
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