Government Sold $621M Worth Of GM Stock In March
The Treasury Department says it sold $621 million worth of GM common stock last month -- likely about 22 million shares.
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The Treasury Department says it sold $621 million worth of GM common stock last month -- likely about 22 million shares.
Ford is looking to hire about 225 workers to build the new Fusion.
Company says there's been one accident and no injuries.
Ford has three vehicles on global top ten list. Chevy Cruze also has good showing.
"We're going to put Pure Michigan on the road," said Secretary of State Ruth Johnson.
Chevy thinks new vehicle will be more than a rental car.
The average price of a gallon of gasoline has dropped six cents over the past two weeks to $3.65 nationwide. Gas prices around metro Detroit are averaging $3.61 for a gallon of regular unleaded.
Electric sports car maker Fisker Automotive has laid off about 160 people at its California headquarters.
GM has five plants in South Korea. CEO Dan Akerson says company looking at contingency plans.
General Motors is putting some big money into new, more fuel efficient engines and transmissions.
Detroit Electric's SP:01 will have $135,000 sticker price. Future vehicles will cost much less.
The startup Detroit Electric is touting its $135,000 electric sports car.
A faulty switch can stop the brake lights from illuminating when drivers press on the pedal, federal officials say.
Detroit Electric plans Wednesday night reveal of its first product
It looks like all there Detroit carmakers outperformed the market, as car sales numbers come in strong for March.