Chrysler CEO Apologies For Loan Remarks
Chrysler's CEO apologized for the way he described the interest rates the U.S. and Canadian governments are charging on the bailouts his company received in 2008 and 2009.
Watch CBS News
Chrysler's CEO apologized for the way he described the interest rates the U.S. and Canadian governments are charging on the bailouts his company received in 2008 and 2009.
A large auto-shopping survey just out says 70 percent of car shoppers use the Internet to do their research, spending an average of 18-19 hours online, which is about 60 percent of their total time spent shopping before buying a car.
Hoping to make a big splash in the Super Bowl, Chrysler is going to run a two minute ad in the third quarter, featuring Detroit rapper Eminem.
Ford is recalling about three hundred thousand of its best-selling vehicles.
As the nation's car dealers head to their annual convention this weekend, an industry they describe as "shell shocked" is seeing signs of recovery, and those dealers are starting to expand their operations again.
Auto plants that were closed by the big snowstorm are starting to reopen, for the most part.
Ford says it's sales were up 13 per cent over last year. GM and Chrysler sales up around 23 per cent.
January car and truck sales numbers are expecting to show a market that's cooled off from December, but remains on a slow rise out of the recession.
Ford makes big money. GM finds ways to build more pickup trucks. We test drive the Cadillac SRX Turbo.
Chrysler posted a $199 million fourth quarter loss, bringing its full year loss to $652 million.
Japanese automaker Honda reporting a nearly 40 percent profit drop in quarterly profit, hit by a strong yen and fading sales in Japan.
While the U.S.Transportation secretary has publicly criticized even hands-free systems like 'Ford-Sync' there was a lot of common ground at their meeting states Ford President and CEO Alan Mulally.
It's been a severe winter in Metro Detroit, and drivers are noticing it on their tires.
Chrysler showing off the first photos of the convertible version of the new Chrysler 200 mid size car.
"I think it's good news for Ford, good news for Detroit, and all the workers,"