WANE TV

193 take advantage of GM guarantee

Fri, 20 Nov 2009 18:36:43 GMT

General Motors Co. says only a small percentage of buyers have returned their vehicles under the company's 60-day money back guarantee promotion, and those who have are getting personal calls from GM executives hoping for feedback.

GM analyst predicts strong Nov. sales

Fri, 20 Nov 2009 18:15:31 GMT

U.S. auto sales could top an annual rate of 10.8 million in November, General Motors Co.'s top sales analyst said Thursday.

AAA: Thanksgiving travel to go up

Wed, 18 Nov 2009 19:32:39 GMT

A leading auto organization is projecting a 1.4 percent increase in Thanksgiving travel this year, although fewer people will travel by air due to budget concerns, reduced airline capacity and added charges.

Black Friday may be best day to buy car

Wed, 18 Nov 2009 18:06:01 GMT

If you missed out on Cash For Clunkers, you might be able to look forward to another day for big car discounts -- Black Friday.

Consumer prices up 0.3 percent

Wed, 18 Nov 2009 13:45:56 GMT

Consumer prices edged up faster than expected in October, driven higher by another increase in energy prices and the biggest jump in new car prices in 28 years.

Ford, Subaru, VW top safe vehicle list

Wed, 18 Nov 2009 12:30:31 GMT

Ford, Subaru and Volkswagen sit atop the insurance industry's annual list of the safest new vehicles, according to a closely watched assessment used by car companies to lure safety-conscious consumers to showrooms.

Tax breaks keep GM in Detroit

Tue, 17 Nov 2009 21:32:23 GMT

General Motors Co. is promising to keep its headquarters in Detroit in return for expanded state tax credits.

Retail sales rise 1.4 pct in October

Mon, 16 Nov 2009 13:44:16 GMT

Retail sales rose more than expected in October due largely to a big rebound in auto sales. But broader consumer spending remains under pressure, raising questions about the durability of the recovery.

GM: $1.2B 3Q loss; shows progress

Mon, 16 Nov 2009 12:29:13 GMT

General Motors Co. says it lost $1.2 billion from the time it left bankruptcy protection through Sept. 30, far better than it has reported in previous quarters and a sign that the auto giant is starting to turn around its business.

Source: GM to begin repaying aid

Mon, 16 Nov 2009 12:19:31 GMT

General Motors Co. will begin paying back $6.7 billion in government loans by the end of 2009 and could pay off that full amount by 2011, four years ahead of schedule.

GM counting on two new models

Thu, 12 Nov 2009 18:59:26 GMT

Two General Motors cars due in showrooms next year must be hits to help the automaker turn around sales and pay back its big debt to U.S. taxpayers.

Ford sold record number of Fusions

Thu, 12 Nov 2009 17:42:39 GMT

Ford Motor Co. said Thursday that its Fusion midsize sedan has already broken the model's annual sales record even though U.S. auto sales have dropped 25 percent.

11/16 release for GM 3rd Q earnings

Wed, 11 Nov 2009 21:34:00 GMT

General Motors Co. says it will release its preliminary third-quarter earnings on Monday morning. The company is not expected to make a profit but has hinted that its results for the quarter will show a big improvement over the same period last year.

GM Chairman committed to repaying loans

Wed, 11 Nov 2009 16:34:28 GMT

General Motors Co. remains committed to repaying its billions of dollars in government loans, though it's too soon to say when that will happen, the automaker's chairman said Tuesday.

Researcher: Clunkers boosted auto sales

Wed, 11 Nov 2009 16:26:24 GMT

A Ball State University researcher who analyzed the federal government's Cash for Clunkers program says it fueled a spike in auto sales over the summer.

Lear emerges from bankruptcy

Tue, 10 Nov 2009 15:31:48 GMT

Auto parts maker Lear Corp. emerged Monday from four months in bankruptcy protection, saying it has a healthier balance sheet, less debt and a backlog of new business.

Ford to put air bags into seat belts

Thu, 05 Nov 2009 15:40:37 GMT

Air bags have long been mounted in the steering wheel, dashboard and sides of vehicles. Now, they're in the seat belts.

Toyota surprises with profit

Thu, 05 Nov 2009 12:54:16 GMT

Toyota Motor Corp. announced Thursday a surprise profit last quarter and trimmed its projected red ink for the year, underlining the gradual recovery under way for Japan's giant automakers.

'Clunker' data: Truck-for-truck trades

Thu, 05 Nov 2009 11:55:07 GMT

The popular $3 billion Cash for Clunkers program mostly involved swaps of old Ford or Chevrolet pickups for new ones, according to an analysis of new federal data by The Associated Press.

AP Report: Clunkers traded for pickups

Wed, 04 Nov 2009 21:30:33 GMT

The most common deals under the government's $3 billion Cash for Clunkers program, aimed at putting more fuel-efficient cars on the road, replaced old Ford or Chevrolet pickups with new ones that got only marginally better gas mileage, according to an analysis of new federal data by The Associated Press.

Chrysler plans to revamp Dodge

Wed, 04 Nov 2009 19:15:08 GMT

Chrysler plans to revamp its struggling Dodge car brand under a new turnaround plan and says the company's cash has grown by nearly $2 billion since it exited bankruptcy protection in June.

Germany fumes as GM ditches Opel sale

Wed, 04 Nov 2009 16:25:42 GMT

Germany's politicians fumed with anger and Opel workers canceled cost concessions and readied walkouts after General Motors Co. abandoned the sale of its European subsidiary.

GM sales rise 4.7 percent in October

Tue, 03 Nov 2009 19:22:05 GMT

General Motors Co. says its October sales rose 4.7 percent over the same month last year, a sign that the U.S. auto market was starting a slow recovery from its yearlong slump.

Ford sales up 3 percent in October

Tue, 03 Nov 2009 18:07:43 GMT

Strong demand for cars and crossovers lifted Ford's U.S. sales 3 percent in October, a positive sign for automakers who are hoping a healthier economy will draw buyers back to showrooms.

Recoup of bailout money unlikely

Mon, 02 Nov 2009 19:17:16 GMT

Government investigators say the U.S. government is unlikely to recover all of its investment in General Motors or Chrysler because the companies' value would need to "grow substantially above what they have been in the past."

Ford surprises with $1B profit

Mon, 02 Nov 2009 12:09:35 GMT

Ford, the only Detroit automaker to dodge direct government aid and bankruptcy court, surprised investors with net income of nearly $1 billion in the third quarter and forecast a "solidly profitable" 2011.

Ford has suffered less than rivals

Sun, 01 Nov 2009 23:26:21 GMT

Ford Motor Co. has been riding a wave of positive public sentiment since it steered clear of bankruptcy protection and avoided taking federal bailout money -- unlike its crosstown rivals, General Motors Co. and Chrysler LLC.

GM extends money back guarantee

Fri, 30 Oct 2009 15:36:30 GMT

General Motors Co. says its money-back guarantee — key to its revival — is going so well it will extend the program into early 2010.

Two more locals reject Ford contract

Fri, 30 Oct 2009 15:27:20 GMT

Workers at two more United Auto Workers locals overwhelmingly rejected changes to their contract with Ford Motor Co. on Thursday, casting further doubt on whether the deal will be approved.

Chrysler offers live TV service

Thu, 29 Oct 2009 17:39:58 GMT

If the morning commute interrupts your regular newscast, Chrysler may have a solution — live TV in your car with news, sports and other cable channels.