Ford turns a profit, reaping rewards of turnaround
DEARBORN, Mich. - One of the troubled Detroit Three automakers, Ford, is making money again and looking for better times in no more than two years.
Nations:U.S. People:Alan Mulally Source:(AP)
2009-11-02
Celebs, lobbyists among White House guests
WASHINGTON - Celebrities Oprah Winfrey, George Clooney and Denzel Washington, prominent Democratic fundraisers and heavyweights from the financial services and high-tech industries were among those landing visits with President Barack Obama or others at the White House during Obama's first months in office.
Nations:U.S. People:Denzel Washington Michael Moore Larry Summers Steve Ballmer Joseph Biden Barack Obama Activities:Obama Admin.
2009-10-30
Ford taps China's Geely as favored bidder for Volvo
WASHINGTON (AFP) - Ford Motor Co., the number-two US automaker, said Wednesday it had tapped Chinese peer Geely as preferred bidder for Volvo Cars, its premium Swedish nameplate.
Nations:Sweden U.S. Activities:2009 Geely Bidding Volvo Source:(AFP)
2009-10-28
Feds: Leader of radical Islam group killed in raid
DETROIT - Federal authorities on Wednesday arrested several members of a radical Sunni Islam group in the U.S., killing one of its leaders at a shootout in a Michigan warehouse, the U.S. attorney's office said.
Nations:U.S. Activities:U.S. War on Terror Source:(AP)
2009-10-28
'Clunker' sales nearing quarter-million; what now?
WASHINGTON - The White House warned Monday that the "cash for clunkers" program, already zooming toward a quarter-million trade-ins with the initial $1 billion in rebates, could sputter to a stop by Friday unless the Senate quickly approves $2 billion more.
Nations:U.S. People:Mitch McConnell Dianne Feinstein Jon Kyl Dick Durbin Barack Obama Charles Schumer Activities:2009 US Clunkers Program
2009-08-03
Debt reduction pushes Ford to $2.3B 2Q profit
DEARBORN, Mich. - Ford Motor Co.'s return to profitability last quarter won't last long unless it can boost sales of cars and trucks and continue to grab market share from rivals.
People:Alan Mulally Source:(AP)
2009-07-23
Bankruptcy judge OKs GM sale plan
NEW YORK - A bankruptcy judge said late Sunday that General Motors Corp. can sell the bulk of its assets to a new company, clearing the way for the automaker to quickly emerge from bankruptcy protection.
Nations:U.S. Activities:2009 GM Bankruptcy Source:(AP)
2009-07-06
GM says reaches deal to sell Saab to Koenigsegg
STOCKHOLM (Reuters) - Sweden's Koenigsegg, a niche manufacturer of some of the world's fastest and most expensive sports cars, has struck a deal to buy loss-making Saab Automobile from General Motors, the companies said on Tuesday.
Nations:Sweden U.S. Activities:2009 GM Bankruptcy Source:(Reuters)
2009-06-16
Obama: Nationalization of GM to be short-term
WASHINGTON - In a defining moment for American capitalism, President Barack Obama ushered General Motors Corp. into bankruptcy protection Monday and put the government behind the wheel of the company that once symbolized the nation's economic muscle.
Nations:Canada U.S. Italy People:Ralph Nader John Boehner Barack Obama Activities:2009 GM Bankruptcy Obama Admin.
2009-06-01
CAW votes to accept cost-cutting deal with GM
TORONTO - Canadian Auto Workers members voted 86 percent in favor of a cost-cutting deal with General Motors Canada as the automaker bids to qualify for more government loans and assure its future in Canada.
Nations:Canada Activities:2009 GM Bankruptcy Source:(AP)
2009-05-26
Chrysler targets 800 dealers in reorganization
DETROIT - In tiny Millerstown, Pa., the owner of the only car dealership in town found out Thursday he was on Chrysler's hit list -- one of 789 across the nation that the troubled automaker wants to eliminate.
Nations:U.S. Activities:2008 U.S. Automaker Crisis Source:(AP)
2009-05-15
Experts say GM bankruptcy almost inevitable
DETROIT - For General Motors Corp., the task at hand is so difficult that experts say a Chapter 11 bankruptcy filing is all but inevitable.
Nations:U.S. Activities:2008 U.S. Automaker Crisis Source:(AP)
2009-05-11
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