GMAC already received $5 billion from the Troubled Asset Relief Program program back in December. Now, reports out say the Treasury Department is set to loan GMAC over $7 billion more. Janet Babin reports.
The Obama administration's new fuel efficiency standards will require vehicles to get at least 35.5 miles per gallon by 2016. What does this mean for cars of the future? Tamara Keith reports.
Porsche is looking for an outside investor after its deal with Volkswagen fell apart. The botched merger leaves Porsche with a $12 billion debt. Stephen Beard explores why the deal failed and where it might get help now.
The Obama administration's new fuel efficiency standards will require vehicles to get at least 35 miles per gallon by 2016 and cost about $1,300 per car Automakers are expected to be on board. Janet Babin reports.
Britain kicks off its cash for clunkers where drivers get $3,000 on a new vehicle if they trade one that's 10 years old. The U.S. is considering a similar plan with a bigger subsidy for car owners. Stephen Beard reports.
Amaral Motors in Newtown, Conn. was a five-star Chrysler dealer. But after finding itself on the automaker's 800-dealer cut list, the generations-owned family business has to come up with a new plan. Amy Scott has the story.
General Motors has about two weeks before it reaches a government deadline to get smaller or file for bankruptcy. So what's the plan? Kai Ryssdal talks to General Motors CEO Fritz Henderson.
Chrysler is expected to announce it's cutting around 800 of its dealerships, and GM may soon follow suit. Is this a good idea for the carmakers? Rico Gagliano reports.
Dinesh Mohan, a transportation expert at the Indian Institute of Technology, talks with Bill Radke about his country's embrace of the car and what lessons Americans might take from it.
The private automobile helped build suburbia. But cars generate about one quarter of all man-made greenhouse gases. Dick Messer, executive director of the Petersen Automotive Museum, loves his alternative ride — and it's not electric.
