GM’s Fate Uncertain, Chrysler Merger a No-Go
Permalink
Daily auto finance news

GM’s Fate Uncertain, Chrysler Merger a No-Go

General Motors announced today that it has suspended talks with Chrysler about a possible merger. GM…

Continue Reading →

Automakers Could See $25 Billion Loan by January
Permalink
Daily auto finance news

Automakers Could See $25 Billion Loan by January

The U.S. Department of Energy announced the rules for its $25 billion loan to car…

Continue Reading →

GM Starts Red Tag Event Incentive Early
Permalink
Rebates and incentives

GM Starts Red Tag Event Incentive Early

General Motors’ October sales were down 45 percent from the same month a year ago. Because…

Continue Reading →

American Automakers May Get Another $25 Billion Loan
Permalink
Daily auto finance news

American Automakers May Get Another $25 Billion Loan

Speaker of the House Nancy Pelosi and other key Congressional Democrats met Monday to discuss…

Continue Reading →

GM October Sales Plunge 45%; Ford’s Sink 30% and Toyota Down 23%
Permalink
Daily auto finance news

GM October Sales Plunge 45%; Ford’s Sink 30% and Toyota Down 23%

October’s auto sales are expected to reflect the worst industrywide sales month in 16 years.…

Continue Reading →