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New GM CEO to step down

Ed Whitacre will be replaced by The Carlyle Group's Daniel Akerson on September first.

Senh: I don't get it. Why is Whitacre resigning after the company posted quarterly profits. Looks like the company's heading in the right direction.

G.M. Puts $41,000 Price Tag on the Volt

The carmaker has begun taking orders for the plug-in vehicle, which is expected to be at dealers in November.

Rondo, Celtics refuse to sweat Heat

LeBron James has joined forced with Dwyane Wade, but Rajon Rondo sees no reason to worry about them yet.

Senh: It's interesting that the league and media were just as skeptical about Boston's Big Three when they were first formed. They were saying that other than KG, Ray Allen, and Paul Pierce, the Celtics didn't have anyone else and that previous big three's had failed to get a championship. How wrong they were. I don't think Miami's Big Three is as complimentary as Boston's, but the rest of their team are coming together nicely - signing Mike Miller, Juwan Howard and Big Z and resigning Udonis Haslem and Jamaal Magloire. That's a pretty solid front line.

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Chrysler launches money-back guarantee

Chrysler Group LLC will offer consumers a 60-day, money-back guarantee on new vehicles and also make the first two months of payments for buyers, as it tries to shore up sales amid lackluster consumer confidence.

GM recalling 1.5M vehicles

Automaker says problem with a heated windshield wiper fluid system could lead to a fire.

Chrysler Recalls More Than 683,000 Vehicles

Chrysler is recalling more than 683,000 Jeep Wranglers and Chrysler and Dodge minivans for brake or wiring problems.

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Ford Appears Ready to End Its Mercury Brand

Ford said Tuesday it would stop production of Mercury vehicles in the fourth quarter and discontinue the brand.

U.S. may choose lead bank on GM IPO next week: report

The U.S. Treasury and General Motors Co may select a lead underwriter for an initial public offering for the automaker as early as next week, Bloomberg News reported on Saturday.

GM Googles the Volt

OnStar is already one of the most handy features you can get in a GM vehicle but soon it will be even better thanks to a little help from Google. Together, the two will develop a number of new mobile app features that strengthen Chevrolet’s commitment to providing Volt customers with the most connected vehicle experience possible.

GM rides cost cuts, new model sales to 1Q profit

General Motors Co. rode expense cuts from its bankruptcy and strong sales of redesigned models to its first quarterly net income in nearly three years, drawing the company closer to a stock offering that would repay at least part of its government aid....

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