Ford Motor Co.'s River Rouge complex has become a hotly contested battlefield as the United Auto Workers and union dissidents square off over proposed contract changes.
Late Thursday, the Treasury Department issued a statement emphasizing the company is still a going concern -- but didn't back away from its statement that Chrysler Financial would liquidate within 26 months.
Frankfurt -- A General Motors Co. executive says the company's board will meet Nov. 3 and discuss concerns about the sale of European unit Adam Opel GmbH, but he is not providing details on progress or a time frame for the actual transaction.
The Treasury Department said today Chrysler Financial will close its doors by the end of 2011. But Cerberus Capital Management LP, which owns Chrysler Financial, was stunned by the news.
"I want a hybrid." I've heard that from more than one reader, and I have come to realize that most people don't really know a thing about hybrids. Not all hybrids are created equal and not every hybrid will fit into every garage the same.
The U.S. Treasury this afternoon unveiled sweeping pay cuts for the top 25 executives at seven companies that received government bailouts, including General Motors, Chrysler, GMAC and Chrysler Financial.
The House Financial Services Committee approved the Consumer Financial Protection Act -- but agreed to exempt auto dealers from the agency's new financial watchdog.