U.S. owners of Saturn, Hummer and Pontiac brand General Motors cars have been courted and even bribed, but many are moving away from GM anyway, data shows.
President Obama was due Friday to
seal the government's sale of its remaining 6 percent equity in
carmaker Chrysler to Italy's Fiat SpA for $500 million.
For the second time in less than two months, a
U.S. credit rating agency Thursday threatened to downgrade the top
status of the U.S. government's borrowing ability unless it resolves
its budget crisis.
Ford Motor Co. will produce a 1.0-liter, three-cylinder EcoBoost engine and a new 8-speed transmission sometime in the next two years to raise the fuel economy of its small cars, company executives said Thursday.