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US Government Closer to Exiting Auto Industry

Posted July 21st, 2011 at 3:45 pm (UTC-5)
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The U.S. government is another step closer to getting out of the automobile industry, selling its remaining stake in Chrysler to the Italian automaker Fiat. The Treasury Department says Fiat paid $560 million Thursday for the government’s remaining 6 percent stake in Chrysler. The U.S. lent Chrysler $12.5 billion as part of its $80 billion […]

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Airline Places Biggest-Ever Order for New Planes

Posted July 20th, 2011 at 11:35 am (UTC-5)
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American Airlines says it has placed the largest order for new passenger planes in aviation history. The U.S.-based carrier announced Wednesday it will pay almost $40 billion to buy 460 new planes over five years — part of an effort to revamp its aging fleet and save money on fuel costs. The move will also […]

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Demand Kick-Starts Hope at Iconic Motorcycle Maker

Posted July 19th, 2011 at 10:10 am (UTC-5)
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One of the best-known brands in motorcycles is turning around its fortunes. U.S.-based Harley-Davidson reported increased sales Tuesday for the first time in five years, citing higher demand both in the U.S. and around the world. The iconic American motorcycle company is famous for creating a unique, tough-guy subculture that spawned legions of fans, but […]

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US to Sell Remaining Shares in Chrysler

Posted June 3rd, 2011 at 2:45 am (UTC-5)
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Italian automaker Fiat has reached an agreement to buy the U.S. government’s remaining stake in Chrysler for an estimated $560 million. The U.S. Treasury Department said Thursday Fiat will pay $500 million to buy the Treasury’s six percent interest in Chrysler. The department is also getting $60 million of the $75 million Fiat is paying […]

Tags: , , Posted in Americas, Economy, US

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