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General Motors
Sartell man helps design alternative vehicles
- A plaque hanging in Lee Hart's cluttered home office is inscribed with a Chinese proverb: "Those who say it cannot be done should not interrupt those doing it."
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.
GM says $463M center speeds powertrain development
- General Motors Corp. says it's turning to advanced math and simulators to chop 40 percent off the development time for vehicle power systems at its new $463 million powertrain development center.
Judge hears arguments in Delphi-Appaloosa case
- Lawyers for the Appaloosa Management hedge fund argued Friday that it had the right to abandon a $2.55 billion plan to invest in Delphi Corp., and they asked a judge to dismiss the auto parts maker's lawsuit over the dissolution of the deal.
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.
GM extends employee discount to more non-employees
- General Motors Corp. said Friday it is extending its employee discount program to a wider group of non-employees in an effort to boost sales in a weak automotive sales environment.
New home sales fall less than expected
- Sales of new homes fell in June for the seventh time in the past eight months, but the decline was less than had been expected, raising faint hopes that the nation's severe housing recession could be approaching a bottom.
New home sales drop fall less than expected
- Sales of new homes fell in June for the seventh time in the past eight months, but the decline was less than had been expected, raising faint hopes that the nation's severe housing recession could be approaching a bottom.
- Sales of new homes fell in June for the seventh time in the past eight months, but the decline was less than had been expected, raising faint hopes that the nation's severe housing recession could be approaching a bottom.
New home sales drop 0.6 percent in June
- Sales of new homes fell in June for the seventh time in the past eight months, more proof that the worst housing slump in decades is getting deeper.
Defense spending helps lift durable goods orders
- Orders to factories for big-ticket manufactured goods such as cars, appliances and machinery rose at the fastest pace in four months in June. While the increase was much stronger than had been expected, much of the strength was related to heavy defense spending.
American Axle posts 2Q loss, citing strike effects
- 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.
New markets spur Honda to record quarter
- Honda Motor Co. reported record profit for a fiscal first quarter Friday as sales growth in new markets offset the damage from a stronger yen and soaring material costs.
- Honda Motor Co. reported record profit for a fiscal first quarter Friday as sales growth in new markets offset the damage from a stronger yen and soaring material costs.