Make It Three: Prius Brakes Could Spark Another Toyota Recall

Staff / Truthdig Feb 5, 2010 The brakes on the 2010 Toyota Prius have prompted a U.S. government investigation and a possible third recall for the troubled automaker, if a report in Japan's biggest business newspaper is to be believed. (continued) Dig deeper ( 1 Min. Read )

China About to Bump Japan as the No. 2 Economy

Staff / Truthdig Jan 21, 2010 Even in the face of the global economic crisis, China's economy still managed to grow by a surprising 8.7 percent last year, according to the bean-counters in Beijing, putting the country on track to overtake Japan as the world's second-biggest economy. Dig deeper ( 1 Min. Read )

China Roars Past U.S. to Become No. 1 Auto Market

Staff / Truthdig Jan 8, 2010 With the US economic slump and the seemingly never-ending boom in Chinese manufacturing, it comes as no surprise that China has become the world's biggest car market, with 135 million vehicles sold in 2009 -- or 21 million more than the U. Dig deeper ( 1 Min. Read )

Federal Deficit Hits Record $1.42 trillion

Staff / Truthdig Oct 17, 2009 If you thought last year's federal budget deficit was pretty big, you were right -- and it's three times as big now! Thanks to the magic of the recession, as well as the government's attempts to rescue various sectors of the economy (and throw money at others, or so it appeared), the deficit for the 12 months ending last month was a whopping $1.42 trillion. Dig deeper ( 1 Min. Read )

‘Cash for Clunkers’ Gives Auto Industry a Lift

Staff / Truthdig Sep 1, 2009 Those dangerous socialists in our federal government have really done it this time Why, they've engineered a way to give the American auto industry a much-needed boost with their successful "Cash for Clunkers" program . Dig deeper ( 1 Min. Read )

Here Comes the ‘New’ GM

Staff / Truthdig Jul 11, 2009 General Motors Chief Executive Fritz Henderson tooted his company's horn plenty when he ushered in a new, post-bankruptcy era for the Detroit automaker -- but he couldn't promise that GM 2.0 would be able to pay back the billions of dollars his company got from taxpayers. Dig deeper ( 1 Min. Read )

Supremes Stall Chrysler Deal

Staff / Truthdig Jun 9, 2009 The Supreme Court has put the brakes on President Obama's plans to bail out the auto industry, ordering a stay of the sale of Chrysler to Fiat. Before the ruling, the administration said blocking the deal would have "grave consequences" for Chrysler. Also, it could threaten the government's plans for the much larger and more complicated GM. Update Dig deeper ( 1 Min. Read )

The New GM

Mike Luckovich / Truthdig Jun 3, 2009 Dig deeper

GM’s Fall and the Cars of My Youth

William Pfaff / Truthdig Jun 3, 2009 I wonder what my father would have thought of the self-destruction of General Motors. We were a General Motors family, but not a happy one. Dig deeper ( 4 Min. Read )

The End of the Middle Class as We Know It

Marie Cocco / Truthdig Apr 30, 2009 This is how it ends. Or at least, this is how the latest, sad chapter in a story that has been ending for three decades is written. Dig deeper ( 3 Min. Read )

Uncle Sam Forces GM to Stop and Ask for Directions to Bankruptcy

Staff / Truthdig Apr 13, 2009 GM has until June 1 to cut a deal with its workers and bondholders, but the Treasury Department is requiring the automaker to prepare for bankruptcy just in case, according to The New York Times. Newly installed GM chief Fritz Henderson is more receptive to the possibility than his predecessor, but warns, "If we need to resort to bankruptcy, we have to do it quickly." Dig deeper ( 1 Min. Read )

GM Saw

Cameron Cardow / Truthdig Apr 9, 2009 Dig deeper