In a bid to reduce its numbers of skilled workers, General Motors is reportedly offering skilled-trades workers a $60,000 buyout to leave the automaker’s payroll by March.
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Now that General Motors is on better financial footing and the automaker’s initial public offering of stock is behind it, CEO Daniel Akerson is reportedly seeking to have government restrictions on executive pay eased.
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The federal governments bailout program has earned the taxpayer nearly $35 billion in the last two years, The Associated Press said.
Income from the Troubled Asset Relief Program (TARP) rose by almost 17% through November compared with the estimate i…
A U.S. District Court judge will not dismiss allegations against Toyota for problems related to sudden unintended acceleration in certain car models, as the automaker had hoped.
Continue reading Court Rejects T…
Chinese car sales reached a record high in November as consumers rushed to take advantage of tax rebates and other government incentives.
Sales of passenger cars including multipurpose vehicles and SUVs jumped 29.3% to 1.34 million in November, Bloo…