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President Barack Obama was in Ohio Monday, talking to supporters in Cincinnati’s Eden Park about an auto exports complaint the administration filed today against China with the World Trade Organization.
Detroit’s Big Three automakers recorded some of the best sales results in years last month, as warmer weather, low interest rates, and appealing fuel-efficient cars attracted customers to dealerships.
General Motors Co. enjoyed a massive windfall in 2011, reporting more than $7.6 billion in profits, the Detroit-based automaker said Thursday.
Automakers reported large gains in sales in November, as an early round of heavy promotions helped move cars out of dealerships at a faster pace than expected.
Apologies have been given and Renault is attempting to reinstate and compensate the three dismissed on false spy accusations.
Italian automaker Fiat is planning to take a 35 percent stake in the troubled U.S. automaker Chrysler Group.
Big Three automaker General Motors Corp. posted a quarterly loss of $6 billion in the first quarter of 2009, as nervous consumers shifted away from the ailing automaker to other competitors.
Shares of General Motors Corp. jumped again last Friday by almost 6 percent on news that the federal government will not push the troubled automaker into bankruptcy.
Europe has numerous major car manufacturers with long histories of success.
GM and Chrysler may be close to a merger, according to reports.
