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DETROIT — The auto industry moved a step closer to winning the first of two battles it's been waging in Washington for the past few weeks: A $25 billion direct loan program for automakers and suppliers was attached to a broad government spending bill approved Wednesday by the House of Representatives.

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Holly, a Lexington (KY) resident, was in a situation where she needed to cut an additional $1,500 out of her monthly budget. Carmen and Holly discussed her rental costs and found some ideas on how to cut down. They rent in the area because the school district is good and their son is in his last year of high school. And they tied the end of the lease to the end of the school year.

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CHICAGO, Sept 23, 2008 TransUnion.com released today the results of its analysis of trends in the auto lending industry for the second quarter of 2008. The report is part of an ongoing series of quarterly consumer lending sector analyses focusing on credit card, auto loan and mortgage data that may be found on TransUnion's Web site.

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OE Source may obtain advances ...

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Now that DaimlerChrysler has put the Chrysler Group up for sale, the long-expected massive restructuring of the American automobile industry might finally have arrived.

Take a snapshot for posterity, because today's U.S. automotive landscape won't look like it does for much longer. As a friend reminded me, it's like what happened in the rail business at the turn of the 20th century, when once-dominant steam locomotives gave way to diesel- and electric-powered ones. The entire r...

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WASHINGTON -- The U.S. auto industry is facing the worst business conditions in more than 30 years, and its problems could affect tens of thousands of workers, the chief executives of Detroit's three automakers told congressional leaders Wednesday as they lobbied for $25 billion in federal loans.

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SOUTHFIELD, Mich. — Auto parts maker Federal-Mogul says it's cutting its workforce by 4,000 jobs, or eight per cent, due to a tough automotive market.

The Michigan-based auto supplier, which also has operations in Canada, says the cuts are part of a restructuring plan that will streamline business, consolidate or close locations and lower general and administrative staffing.

In Canada, the company has plants in Concord, just north of Toronto, and Windsor, an industrial c...

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WASHINGTON -- Michigan lawmakers will meet with House Speaker Nancy Pelosi, D-Calif., today to map plans for votes on funding $25 billion in loans for the auto industry, while Detroit automakers step up their lobbying efforts.

The turmoil in financial markets only served to emphasize the bid by Detroit automakers and parts suppliers for some aid toward retooling factories. The $25 billion in loans was approved, but not funded, in last year's energy law as part of a compromise t...

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Detroit -- General Motors Corp. on Tuesday plans to officially unveil its most important model in decades -- and possibly the key to its survival.

A GM engineer with the Chevy Volt, due to hit the market by late 2010

The Chevrolet Volt is a battery-powered compact car scheduled to hit the market by the end of 2010. It is designed to give GM the kind of highly fuel-efficient vehicle it needs to compete in an era of near $4-a-gallon gasoline.

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