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Chrysler Holding LLC
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Toyota raises Prius price by $500 for 2009
Toyota Motor Corp. said Friday it is raising the U.S. suggested retail price of its Prius hybrid by $500 for the 2009 model.
Chrysler to get out of leasing business
Chrysler LLC said Friday its financial arm will get out of the auto leasing business by the end of the month because economic conditions have made leasing more expensive than buying, for both consumers and the company.
American Axle posts $644.3M 2Q loss, citing strike
American Axle & Manufacturing Holdings Inc. said Friday it posted a $644.3 million second-quarter loss, blaming a nearly three-month-long strike that crippled production as well as charges related to a new labor agreement.
Timothy Carney: The Feds and Fannie: Making a beast that’s too big to fail
Private profit and public risk” is how economists describe companies like Fannie Mae, where good times mean shareholder profits and executive bonuses upward of $50 million, but where bad times mean pain for taxpayers. It’s nice work if you can get it.
Tenn. Supreme Court rules against automaker
The state Supreme Court affirmed a trial court's decision to award a couple $13 million in punitive damages in a wrongful death lawsuit against DaimlerChrysler Corp.  Bleeding cash, Ford looks to Europe for helpBleeding cash and with its very survival uncertain, Ford Motor Co., an icon of American automaking, will try to import some of its success from across the Atlantic.
Woman convicted of fraud in 401(k) withdrawals
A Detroit woman accused of persuading auto workers to withdraw about $600,000 from retirement accounts has been convicted of fraud.  Ford, Daimler, Hyundai profits fall; Renault upFord Motor Co. posted its worst quarterly loss ever Thursday in a roiling global auto market that also saw profits fall at Daimler AG, Hyundai Motor Co. and AutoNation Inc. Renault SA reported a profit increase in the first half of the year but still plans to cut jobs and scale back production.
Tenn. Supreme Court rules against automaker
The state Supreme Court affirmed a trial court's decision to award a couple $13 million in punitive damages in a wrongful death lawsuit against DaimlerChrysler Corp.
Daimler earnings indicate Chrysler loss of $510M
Chrysler LLC lost an estimated $510 million in the first quarter as the U.S. economy weakened and consumers rejected its trucks and sport utility vehicles in favor of smaller cars.
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