auto industry

The Department of Energy recently released about one-third of a $25 billion loan program to automakers to create advanced technology vehicles that reduce America's dependence on foreign oil. Ford Motor Co., which plans to produce an electric version of the Focus, and Nissan Motor Co., which has said it will produce an electric sedan, were awarded low-interest loans. But Tesla Motors, a small Read more...

Some consumers are reluctant to buy cars and trucks from Chrysler and GM. They could go bankrupt, even though the U.S. government is doing its best to reassure everybody it's safe to buy from them. Since Jan. 1, both companies have operated on bailout money from the U.S. Treasury while they restructure and downsize to the point where they can be profitable at lower sales volumes. The Read more...