Auto manufacturing is back in America – especially in Michigan, Ohio and Pennsylvania because President Obama made the politically risky decision to bailout the auto industry after bailing out the banks. It was a decision that worked. Obama was right, Romney was wrong. So Romney is now in full lying mode. He is trying to retroactively re-write the wrongs in his writings.
Yes, it’s great that all turned out well for the auto workers, but it is absolutely horrendous to know that the American taxpayers via President Obama’s actions could have been left standing for billions of dollars – and still might.
President Barack Obama and Republican candidate Gov. Mitt Romney met Tuesday night in New York for their second debate.
On Monday, the Treasury Department sold 553,846,153 shares in AIG on Monday, turning an $18 billion profit on the $32.50 a share price.
We’ve seen the slickly produced car commercials that laud the rebirth of Detroit’s automakers. But it’s in the showrooms of dealers like Jerry Golinvaux’s Roseville Chrysler Dodge Jeep, where sales numbers capture the real story.
General Motors and Isuzu Motors announced Monday they are recalling more than 258,000 sport-utility vehicles.
General Motors and Isuzu are recalling more than 258,000 SUVs in the U.S. and Canada to fix short-circuits in power window and door lock switches that can cause fires.
Facebook boosted the size of its initial public offering by as much as $3 billion on Wednesday as some major stockholders sharply increased the number of shares they intend to sell as part of Friday’s IPO.
GM aired a video in certain markets over the Thanksgiving holiday and takes viewers through a sentimental series of triumphs and defeats.
General Motors is returning to life as a public company Thursday with a stock offering worth potentially $23 billion. CBS News Business and Economics Correspondent Rebecca Jarvis joined John Hines on WCCO Radio.