UAW expands strike with 5,000-member walkout at GM factory
The United Auto Workers expanded its strike on Detroit’s automakers for the second time in as many days as 5,000...
Tesla’s Nov. 30 Cybertruck delivery overshadows profit drop
Tesla Inc. is sticking with its full-year production forecast and promising its new Cybertruck by Nov. 30, even as it...
Credit unions are packaging more auto loans into bonds as rates rise
Four years ago, a credit union sold a bond backed by auto loans for the first time. This year, more...
US consumer prices rise at brisk pace for second straight month
US consumer prices advanced at a brisk pace for a second month, reinforcing the Federal Reserve’s intent to keep interest...
US hiring surges, bolstering case for another Fed rate hike
US employment unexpectedly surged in September, illustrating a durable labor market and bolstering the case for another Federal Reserve interest-rate...
Underwater trade-ins are costing new car buyers almost $6,000
After a brief respite from soaring auto debt, Americans are once again falling deeply underwater on their car loans. Used-car...
GM prepares $6 billion credit line to cushion strike costs
General Motors Co. is setting up a $6 billion line of credit to shore up liquidity, a move indicating the...
Ally Financial starts job cuts with less than 5% of staff affected
Ally Financial Inc. started cutting jobs on Monday, initiating a workforce reduction that will affect less than 5% of the...
