GM offers buyouts to salaried staff in $2B cost cut plan
General Motors Co. said it’s offering voluntary buyouts to salaried staff as part of a plan announced in January to...
Powell sees higher peak for interest rates, says Fed prepared to speed up if needed
Federal Reserve Chair Jerome Powell said the US central bank is likely to raise interest rates higher than previously thought...
VW jumps as better chip supplies are set to fuel sales surge
Volkswagen AG expects to sidestep a slowing economy with a jump in sales this year as Europe’s biggest carmaker benefits...
US jobless claims edge lower in sign of strong labor market
Applications for US unemployment benefits eased last week and a measure of labor costs remained firm in the closing months...
Car debt is piling up as more Americans owe thousands more than vehicles are worth
Chris Martin knew he needed a bigger car as the birth of his fourth child approached, but he and his...
Consumer agency’s funding system gets Supreme Court test at Biden’s behest
The US Supreme Court will consider whether the Consumer Financial Protection Bureau’s funding system is constitutional, taking up a case...
Subprime auto lender American Car Center closes for business
American Car Center told employees the business was closing its doors, a day after it pulled a $222 million bond...
Carvana’s tale of debt and losses looks a lot like old Hertz
Shares of Carvana Co. more than doubled in the month leading up to Thursday’s awful fourth-quarter earnings report. By the time the...
