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AP Automotive

Opel asks for billions in restructuring plan about 2 hours ago FRANKFURT (AP) -- General Motors Co.'s Opel unit asked European governments for billions of euros (dollars) in aid on Tuesday as it formally presented a restructuring plan that will result in some  Read Story.

Opel unveils restructuring plan about 5 hours ago FRANKFURT (AP) -- General Motors Co.'s Opel unit said Tuesday that it plans to invest euro11 billion ($15 billion) through 2014 and appealed for government help as it detailed a restructuring driv  Read Story.

Opel to unveil restructuring plan about 7 hours ago FRANKFURT (AP) -- General Motors Co.'s Opel unit plans to detail its restructuring plan for the European automaker on Tuesday....  Read Story.

Hartford Financial's 4Q profit beats estimates about 18 hours ago CHARLOTTE, N.C. (AP) -- Insurer Hartford Financial Services Group says it was profitable in the fourth quarter as its life and property-casualty businesses both improved....  Read Story.

Moody's reviews its ratings for MGM Mirage about 18 hours ago NEW YORK (AP) -- Moody's Investors Service said Monday it's reviewing MGM Mirage's debt ratings for possible upgrade after the casino operator said it wants to push back the maturity dates on some  Read Story.

MGM Mirage seeks to divest from Borgata in NJ about 20 hours ago LAS VEGAS (AP) -- Casino operator MGM Mirage is hoping to settle questions raised by New Jersey regulators over its ties to a controversial Chinese casino family by putting its stake in an Atlanti  Read Story.

MGM Mirage wants to extend maturity on some debt about 21 hours ago LAS VEGAS (AP) -- MGM Mirage says it wants to push back the maturity dates on some $5.55 billion of debt by more than two years....  Read Story.

Ford to fix brake problem on Milan, Fusion hybrids February 4, 2010 DETROIT (AP) -- Ford Motor Co. says it will fix 17,600 Mercury Milan and Ford Fusion gas-electric hybrids that can give drivers the impression the brakes have failed....  Read Story.

Government-owned GMAC loses $5 billion in 4Q February 4, 2010 NEW YORK (AP) -- Home and auto lender GMAC Financial Services said Thursday it lost $5 billion in the last three months of 2009, as losses from its mortgage operations kept the company in the red   Read Story.

Drugmaker employee in NY charged with trade theft February 3, 2010 SYRACUSE, N.Y. (AP) -- A fired Bristol-Myers-Squibb Co. employee stole trade secrets from the drugmaker in a plot to launch his own pharmaceutical business in his native India, a federal prosecuto  Read Story.

Ford Escape approved for Japan tax incentive February 3, 2010 TOKYO (AP) -- Ford Motor Co. said Wednesday that it's Escape sports utility model has qualified for Japanese government incentives for green vehicles, following criticism that the program was shut  Read Story.

US probes Chevy Cobalt steering complaints February 2, 2010 WASHINGTON (AP) -- Federal regulators have opened an investigation into complaints that power steering systems in the Chevrolet Cobalt can fail, making it more difficult to control the car....  Read Story.

Jury selected for 2 former Stanford employees February 1, 2010 MIAMI (AP) -- A jury has been selected in Miami for two former employees of disgraced financier Allen Stanford....  Read Story.

Ford's China JV ends gas pedal review January 31, 2010 NEW YORK (AP) -- A joint venture partner of Ford Motor Co. said Sunday it has resumed making buses in China after determining that the gas pedal assembly doesn't have the same problem that forced   Read Story.

General Motors gets $409M of loans in Thailand January 29, 2010 BANGKOK (AP) -- The Thai unit of General Motors Co. has secured $409 million of loans from local banks and a cash infusion from GM, allowing it to restart expansion plans....  Read Story.

Stanford's daughter agrees to vacate $1.3M condo January 28, 2010 DALLAS (AP) -- The daughter of jailed Texas businessman R. Allen Stanford has dropped her fight to stay in a $1.3 million Houston condominium, her attorney said Thursday....  Read Story.

Ford halts some China vehicle production January 28, 2010 NEW YORK (AP) -- Ford Motor Co. has halted production of some full-sized commercial vehicles in China because they contain gas pedals built by the same company behind the accelerators in Toyota Mo  Read Story.

Ford earns $2.7B in 2009, first profit in 4 years January 28, 2010 DEARBORN, Mich. (AP) -- Ford Motor Co. made $2.7 billion in 2009, its first annual profit in four years....  Read Story.

Ford earns $2.7 billion in 2009 January 28, 2010 DEARBORN, Mich. (AP) -- Ford Motor Co. says it made $2.7 billion in 2009, its first annual profit in four years....  Read Story.

GM offers incentives to lure fearful Toyota owners January 27, 2010 DETROIT (AP) -- General Motors is offering interest-free loans and other incentives to Toyota owners who may want to get rid of their cars due to fears about faulty gas pedals....  Read Story.

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