The U.S. Treasury Department will sell its remaining 54.9 million shares of Ally Financial Inc (ALLY.N) acquired under the government's bailout of the auto lender, Ally said on Thursday.
Tags: General Motors
Mutual funds chase head start on hit IPOs with pre-public investing
U.S. mutual funds are placing bigger bets on privately held companies to get a head start finding the next IPO superstar, a strategy that has yielded some dramatic payoffs and flameouts.
Investors look to earnings for market direction
Investors attempting to determine whether U.S. equities will rebound from Friday's selloff or continue to sink will look to a deluge of earnings next week for a clearer picture of the economy.
Fiat Chrysler recalls 703,000 vehicles in U.S. to fix ignition switches
Fiat Chrysler Automobiles is recalling 702,578 SUVs and minivans to fix defective ignition switches that can unexpectedly turn off the engine, according to documents posted Friday by U.S. safety regulators.
U.S. companies face billions in Venezuela currency losses, Reuters analysis shows
At least 40 major U.S. companies have substantial exposure to Venezuela’s deepening economic crisis, and could collectively be forced to take billions of dollars of write downs, a Reuters analysis shows.
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Japan's auto recall enforcement division, whose 16 members work from a cramped office on the eighth floor of the transport ministry building in Tokyo, only found out about safety issues with Takata Corp air bags in late-2008 - more than three years after the company says it first learned of problems.
Chrysler Group will begin replacing potentially defective air bag inflators made by Takata Corp in more than 371,000 U.S. vehicles in early December, according to documents filed by the automaker with U.S. safety regulators.
Automakers in Brazil are facing the sharpest slowdown since 1999 and it could be a year or more before things turn the corner.
Michigan Governor Rick Snyder signed a bill on Tuesday that will keep electric carmaker Tesla Motors Inc (TSLA.O) from selling its cars directly to consumers in the state, home to the biggest U.S. automakers.
China said on Thursday it would punish carmakers by restricting their production and publicly naming them if they fail to meet fuel consumption requirements on passenger vehicles set for 2015.
General Motors Co's (GM.N) global sales rose 2 percent in the third quarter, driven by strong demand in the two largest auto markets in the world, China and the United States.
General Motors Co (GM.N) on Thursday said it is recalling 117,651 newer vehicles in North America because a possible manufacturing defect could cause an electrical short and increase the risk of a crash.
Car manufacturers make a living out of the vehicles they make and sell. The industry is a fast paced one where the positions can change year in and year out. Here are the top 5 car manufacturers in the world for the year 2014.
As it strives to energize its Cadillac brand that once led the U.S. luxury auto market, General Motors Co said on Friday it will begin production of a new "top-end, high-technology car" by the end of 2015.
