Executives at General Motors and Chrysler are speeding to put in place workable plans to restore their dwindling operations. It’s a race they might not win.
March 2009
GM, Chrysler in fast lane to bankruptcy?
Rush to the end of quarter helps lift stocks
Wall Street resumed its advance Tuesday as investors bought up technology and financial stocks to beef up their portfolios on the last day of the quarter.
New GM CEO won’t let his pay be cut to $1
General Motors’ new chief executive says he will not cut his salary to a year like his predecessor Rick Wagoner.
The Big Money: No bailout for auto workers
We’ve agreed that keeping dying companies on life support isn’t the solution. But when it comes to creating a plan for what happens next to the workers we also have no solution.
How the government will back auto warranties
Along with harsher demands, President Obama offered support Monday for GM and Chrysler, hoping to soothe fears about buying cars from automakers on the brink of bankruptcy.
Job threatened? Buy a car anyway, Detroit says
Ford Motor Co. and struggling rival General Motors said Tuesday they would make car payments for some customers who lose their jobs.
U.S. home price drops set records in Jan.
Home prices sank by the sharpest annual rate on record in January, and the pace continues to accelerate, but there were a handful battered metro areas where price declines slowed.
Consumer confidence virtually flat in March
Consumer confidence held steady in March, with a slight blip upward halting three months of declines as slivers of hopes about the economy buoyed consumers.
Newsweek: Krugman — Obama’s biggest critic?
Nobel Prize-winning economist Paul Krugman has emerged as Obama’s toughest liberal critic. He’s deeply skeptical of the bank bailout and pessimistic about the economy. Why the establishment worries he may be right.