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Government watchdog to testify today about the need for the Obama administration to come up with a plan to sell the government's stake in General Motors and its former captive finance arm.
Read More →According to TrueCar.com, Honda and Toyota held the record for transaction prices for the second straight month. All transaction prices were up except for Ford and General Motors.
Read More →This month's new-vehicle sales (including fleet sales) are expected to be 1,028,200 units, a 17.7 percent decrease from August 2009 and a 1.4 percent decrease from July 2010, according to Edmunds.com.
Read More →This month's new-vehicle sales (including fleet sales) are expected to be 887,000 units, a 25.3 percent decrease from June 2008, but a 3.9 percent decrease from May 2009, according to Edmunds.com.
Read More →Although yesterday’s unveiling of General Motors’ updated viability plan signaled the end of an 83-year-old brand and the potential sale of three others, some viewed the moves as a necessary and positive step toward turning around the automaker.
Read More →This month’s new-vehicle sales (including fleet sales) are expected to be 859,000 units, a 30.8 percent decrease from April 2008 and a 0.5 percent increase from March 2009, according to Edmunds.com.
Read More →The Obama administration set aside $500 million to help Chrysler LLC get through April, as it seeks to reach an alliance with Fiat, Reuters reported. It also set aside up to $5 billion through May to help General Motors Corp. restructure outside of bankruptcy, an independent oversight report on the Treasury Department's corporate rescue fund said Tuesday.
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