Getting our money back for purchases we no longer want or need is the norm almost everywhere except car dealerships. But this …
general motors
Once-Struggling Cars That Are Suddenly Hot Sellers
Fiat and Toyota, both of which had a rough sales year in 2011, can’t seem to produce cars fast enough for buyers lately. One much-hyped plug-in vehicle is also faring better in the marketplace in 2012. After struggling to attract …
Driving like a Jerk May Cost You an Extra $100 Per Month in Gas
How can one driver average 37 m.p.g. and get 575 miles per fill-up, while another driver — driving the same model car — tops out at 21 m.p.g. and 325 miles per tank? The answer is that these two drivers drive very differently.
Study: We’re Paying Nearly $2,000 More for New Cars This Year
There’s a theory holding that when gas prices are high, consumers wind up paying higher prices for cars—especially vehicles with good gas mileage. Well, gas prices are rising, and sure enough, the numbers show that we’ve been …
After Best Quarter in Years, How Long Will Car Sales Keep Rolling?
Any lingering doubt about the U.S. auto industry’s recovery should have been dispelled Tuesday after virtually every major car-maker reported robust March sales, in another encouraging sign for the economy. The key question now …
U.S. Carmakers Accelerating Out of the Recession
The U.S. auto industry is revving its engine heading into the new year. The three largest domestic carmakers posted strong gains to close out 2011 in another sign that the U.S. economy is coming back to life following the Great …
A New Study for Drivers Who Hate the Check Engine Light
Every driver dreads the appearance of the Check Engine light. The foreboding glow next to the odometer means that a visit to the auto repair shop is needed, and that money will soon be leaving your possession. So which automakers …
Come Again? American Auto Workers Get Signing Bonuses?
As the auto industry climbs out of the worst economic slowdown since the Great Depression, workers are demanding higher pay. But the closest thing they are likely to get from a labor agreement between the United Auto Workers and …
Buy a New GM Car, Get Free Auto Insurance for a Year
Don’t be impressed when a car dealership manager offers to throw in a few free oil changes on a new car purchase. General Motors is upping the ante in buyer incentives by including MetLife auto insurance coverage for a full year …
GM Raises Car Prices Now So It Can Lower Them Later
It’s a screwy time in the auto business. Used car prices recently hit a 16-year high, while average prices paid for new cars also soared in May—at the same time overall new car sales slumped that month. Now that prices seem to …
Will US lose Money On GM IPO?
The US probably won’t get as good a deal on its GM investment(Carlos Barria/REUTERS)
A lot has been made of the fact that much of the US bailout of the banks actually turned a profit for Uncle Sam, or close to it. The auto industry bailout: Not so much.
On Wednesday, GM said it hopes to sell 365 million shares to the public at around …
Is the GM IPO a Buy?
It seemed like more Detroit delusions when General Motors CEO Ed Whitacre predicted in March that the government would eventually make money on its bailout of the beleaguered auto maker. But just three months later, General Motors increasingly looks like it is ready to exit the chop shop. Things have actually been turning around for the …
