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Big 3 Auto Bailout (2008)

A collection of news and information related to Big 3 Auto Bailout (2008) published by this site and its partners.

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  • US exits Ally Financial investment, auto bailout

    DETROIT The U.S. Treasury sold its remaining shares of Ally Financial Thursday night and Friday morning, cutting the last financial cord from the auto industry bailout following the 2008 financial crisis.
  • Mark Fields to replace Alan Mulally as Ford chief executive

    Alan Mulally, an aerospace engineer who helped Ford Motor Co. avoid the bankruptcy filings and federal bailouts of its U.S. automotive siblings, said Thursday that he will step down as the company's chief executive in July. He will be succeeded by...

    Chrysler's first-quarter profits dip, expenses for new models rise

    Chrysler's first-quarter profits dip, expenses for new models rise
    Chrysler Group said Monday that its first-quarter profit fell 65% to $166 million. The automaker’s earnings were hurt by higher expenses to launch new models and slower business in Europe and South America.  Revenue fell 6% to $15.4 billion...

    Chrysler Group plans to resume trading its shares on stock market

    Chrysler Group plans to resume trading its shares on stock market
    Chrysler Group filed plans Monday to resume trading its shares on the stock market, part of a high-stakes game its parent company, Fiat, is playing against a big union trust. The stock sale would not be a normal initial public offering, in which a...

    Ford CEO Mulally squelches rumors he is the next Microsoft chief

    Ford CEO Mulally squelches rumors he is the next Microsoft chief
    During a conference call detailing a third-quarter profit of $1.3 billion, Ford Motor Co. Chief Executive Alan Mulally said Thursday he plans to continue running the automaker, ending rumors he will be the next CEO of Microsoft Corp. Mulally insisted...