Chrysler Group LLC will offer consumers a 60-day, money-back guarantee on new vehicles and also make the first two months of payments for buyers, as it tries to shore up sales amid lackluster consumer confidence.
General Motors Co said on Wednesday it will sell its Nexteer Automotive unit to a China government-backed group, as GM focuses on its core car business while the Chinese look to bolster their global competitiveness.
Chris Reid was pumped. After suffering through a few years of tight credit and the U.S. housing meltdown, the Pensacola-based realtor was ready to sell some beach-front property. Summer was coming and that is the region's busiest season.
The Manhattan apartment rental market strengthened in the second quarter as landlords drew confidence from a more robust sale market, but it is still softer than it had been in the past decade.
High unemployment and a moribund housing market are constraining the U.S. economic recovery, while the public debt looms large on the horizon and needs to be addressed, the International Monetary Fund said on Thursday.
The U.S. apartment vacancy rate in the second quarter fell for the first time in nearly three years, a research report released on Thursday found.
Wells Fargo & Co, the fourth-largest U.S. bank by assets, said on Wednesday it is closing more than 600 Wells Fargo Financial offices and will no longer originate non-prime mortgages.
A 35-year-old man with a genetically deformed face became the recipient of a full-face transplant courtesy of French doctors, who claim it was the first such operation in history, French newspapers reported Thursday.
Toyota Motor Corp will extend the time it takes to develop its vehicles by an average of four weeks in a bid to ensure quality following a string of high-profile recalls
Toyota Motor Corp said on Tuesday it had received reports more than three years ago of faulty engine valve springs at the center of a U.S. recall of nearly 139,000 luxury Lexus vehicles it announced last week.
Volkswagen Group sold more than 3.5 million cars to customers world wide in the first half of 2010, the company's chief executive said on Tuesday.
Top Chinese automaker SAIC Motor Corp sold 30 percent more vehicles in June compared with a year earlier, the second slowest monthly gain so far this year as demand in the world's largest auto market moderates after rapid expansion in 2009.
Nissan Motor Co said it aims to nearly double the mileage on its first hybrid car developed in-house compared with the gasoline engine version, while keeping costs down with a simple, single-motor system.
Volkswagen AG named Matthias Mueller, its top car strategist, as the new chief executive of Porsche AG in a bid to tighten its grip on the iconic sports car brand.
European Union competition regulators approved on Tuesday the acquisition of Ford Motor's Volvo car unit by Chinese carmaker Geely Automobile Holdings and state-owned investment group Daqing.
Toyota Motor Co's Canadian unit said on Monday its June sales were down 13.8 percent from a year earlier, while General Motors Co GM.ULsaid its Canadian sales rose 15.2 percent.
Dutch carmaker Spyker Cars used internal funding rather than external debt to pay General Motors the final $24 million purchase price for Sweden's Saab, ending concern over how it would foot the bill.
Find respite from the summer heat in a neutral shaded patio, featuring a mix of modern and Moroccan elements.
More than 342,000 cars made by Mazda Motor Corp and Bayerische Motoren Werke AG are under investigation by the U.S. auto safety regulator for possible steering defects that could lead to loss of vehicle control.
President Barack Obama on Friday signed a law giving consumers already in the process of buying a home three extra months to close the deal and still get a popular tax credit from the government.
More than two billion people, mostly those with low income or living in poor countries, lack access to surgical treatment and sites, according to a study of the Harvard School of Public Health (HSPH).
Tasmania's health chief has denied that states, except for Western Australia, had agreed with the federal government to implement a proposed fast-track surgery guarantee for patients waiting for treatment for years.
Australian researchers have found that depressed cardiac patients are likely to be readmitted to the hospital and stay there longer.
A July 2008 survey conducted by a research firm indicated that majority of Australians support access to late abortion and did not support penalising doctors who performed late abortions.
Contracts for pending sales of previously owned homes plunged a record 30 percent in May, far more than expected, after a popular tax credit expired at the end of the prior month, a survey from the National Association of Realtors showed on Thursday.
Mortgage rates slid to fresh record lows in the latest week amid tepid economic growth and tame inflation, home funding company Freddie Mac said on Thursday.
Global carmakers are braced for a slide in second half sales as scrappage schemes are phased out and cautious consumers pull back from big-ticket buys in the face of economic uncertainty.
A U.S. scientific panel will conduct a broad review of vehicle electronics to see if they pose safety risks, an investigation prompted by massive Toyota Motor Corp recalls for unintended acceleration.
U.S. auto sales for June slipped from the pace of recent months, analysts say, raising doubts about whether the industry's recovery is faltering even before it delivers the second-half upturn automakers expected.
Ford Motor Co said it is paying $3.8 billion in cash to settle a debt to a health care trust in a signal of its confidence that it remains on track to deliver solid profits this year.
