U.S. automaker Chrysler LLC said on Tuesday it submitted proposals totaling $448 million to the U.S. Department of Energy to research and develop electric vehicles and plug-in hybrid models.
General Motors Corp cleared a key obstacle in its restructuring on Thursday as the United Auto Workers agreed to cut labor costs and accept new terms for a $20 billion union retiree healthcare obligation.
The greenback edged higher against the euro on a combination of better than expected US economic reports and continued risk aversion flows.
General Motors Corp said Friday it will drop about 1,600 U.S. dealers as it struggles to slash billions of dollars in operating costs and debt ahead of an anticipated bankruptcy filing by the end of the month.
General Motors Corp said Friday it will drop about 1,600 U.S. dealers as it struggles to slash billions of dollars in operating costs and debt ahead of an anticipated bankruptcy filing by the end of the month.
General Motors Corp plans to drop about 1,600 U.S. dealers as it struggles to slash billions of dollars in operating costs and debt ahead of an anticipated bankruptcy filing by the end of the month.
General Motors Corp is expected to slash up to 1,200 dealers as it struggles to dramatically pare down its operations and eliminate billions of dollars of costs ahead of an anticipated bankruptcy filing by the end of this month.
A new alternative energy system called Vivace is being tested to generate electric power from currents which flow slowly and cannot be used by modern technologies.
General Motors Corp said on Thursday night it would most likely pursue the same legal strategy as Chrysler if it spirals into bankruptcy, while Chrysler unveiled details for slashing its dealer network.
U.S. President Barack Obama sought advice from congressional leaders on Wednesday as he pondered a broad group of candidates for a Supreme Court opening ranging from judges to a member of his Cabinet.
With General Motors Corp planning to end production of Saturns and Pontiacs at its Delaware plant which employs more than 1,000 people, state leaders are scrambling to win new work at the facility or persuade the company to move other operations to the region.
Chrysler LLC will offer new buyouts to factory workers at seven of its eight U.S. plants slated for closure under its bankruptcy plans, the United Auto Workers union said on Tuesday.
U.S. auto parts maker Hayes Lemmerz International Inc (HAYZ.O) said on Monday it filed for Chapter 11 bankruptcy.
General Motors Corp. is considering all options to cut costs, even moving out of its Detroit headquarters, but no decision has been made, chief executive Fritz Henderson said on Monday.
Ford Motor Co. said Friday it is requesting $440 million from the U.S. Department of Energy to finance the restructuring of a former SUV plant in Michigan to manufacture small and electric cars, Bloomberg reported.
A group of Chrysler LLC's dissident lenders disbanded, representatives said on Friday, removing the last legal hurdle to the automaker's quest to complete a merger with Italy's Fiat SpA with U.S. government backing.
A group of Chrysler LLC's dissident lenders disbanded, representatives said on Friday, removing the last legal hurdle to the embattled automaker's quest to complete a merger with Italy's Fiat SpA with U.S. government backing.
GMAC LLC, the auto and mortgage lender, will likely be forced to seek more taxpayer help in its effort to raise $11.5 billion of new capital following the government
The idea of wind turbines churning out free electricity alongside every home and office building has appeal, judging by the throngs around community wind purveyors at a Chicago wind power convention this week.
Ford Motor Co's sale of Volvo is moving ahead as it runs due diligence on the remaining bidders, and a buyer could be announced by the end of this month or next, two sources familiar with the matter told Reuters.
Ford Motor Company said today it will invest $550 million to transform a former light trucks plant in Michigan to a modern-green facility to produce fuel-efficient small cars such as the next generation Focus and its battery-electric version.
Ford Motor Co on Wednesday unveiled a $550 million investment to convert an SUV plant near Detroit to build a new generation of Focus small cars next year and a battery-electric Focus in 2011.
